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    45 Prospect Ave Albany, NY 12206

    • Warehouses
    • 123,952 SF
    • 11.00 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US63-0524150
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • F S Marketing Services / Marketing Agency / Internet Marketing Service
    • Hearing Aid Marketing / Marketing Agency
    • Autopart International / Auto Body Parts Supplier / Auto Body Shop

    Property Details for 45 Prospect Ave

    Year built
    1940
    Lot size
    11.00 lot acres
    Property size
    123,952 SF
    Zone code
    M1
    Property type
    Warehouses
    APN
    010100 65.5-1-3
    APU
    1010065513

    Description

    This exceptional 50,000-square-foot warehouse space is ideally situated in Albany, New York, offering unparalleled convenience with its strategic location off Interstate 90, Exit 5. The property is classified as a Class B industrial building and features a multi-tenant occupancy. The warehouse itself boasts ample space for storage and distribution needs. Beyond the expansive warehouse area, the property includes well-appointed office and conference spaces, providing a comfortable and professional environment for administrative functions. Loading and unloading operations are streamlined with five covered exterior truck docks, each equipped with hydraulic levelers for efficient material handling. For added flexibility, three additional dock doors are located on the opposite side of the building. This property presents a unique opportunity for businesses seeking a functional and strategically located warehouse space in the Albany area. The combination of convenient highway access, substantial warehouse space, and well-equipped office areas makes this an attractive option for a variety of industrial and logistical operations. One space is currently available for lease within this multi-tenant building in Albany County. Contact us today to learn more about leasing this prime industrial property.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7735
    Latitude
    42.6747
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $1,000,000
    $800,000
    $1,800,000
    -
    $1,411,831
    $1,129,465
    $2,541,296

    Comparable in this City

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      WAREHOUSE, STORAGE • 2,000 SF
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      386 Elk St

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      WAREHOUSE, STORAGE • 396 SF
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    • Value Estimation by Request
      26,825 SF

      901 3rd St

      WAREHOUSE, STORAGE • 26,825 SF
      901 3rd St, Albany, NY 12206
      View Details

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    45 Prospect Ave
    Albany, NY 12206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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