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Financial
Distress signals
Property profile

1038 Central Ave Albany, NY 12205

FOR LEASE
Drive through restaurants
Property ID
US63-3731097
2,012 SF 0.33 ac lot Built 1960
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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1038 Central Ave, Albany, NY 12205 For Lease
$215,000
1038 Central Ave, Albany, NY 12205
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Property summary

AI-generated overview

This exceptional ±2,012 square foot free-standing retail building is situated on the bustling Central Avenue (Route 5) in Albany, New York. Currently occupied by a Dunkin' Donuts franchise, the property boasts a convenient drive-thru, enhancing its appeal and operational efficiency. The building is offered for sale or lease, presenting a compelling investment opportunity. The existing lease with the current tenant is set to expire in August 2025, providing flexibility for future use or…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$520k
Assessed land$153k
Assessed improvement$368k

Value estimate

· Oct 2026
$215k
$194k – $237k
AI approach$200k
NOI build-up
Gross scheduled income$37k
Vacancy & credit loss−$3k
Operating expenses−$10k
NOI · 2,417,700.00% cap applied$24k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
2,417,700.00%
$24k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
JurisdictionALBANY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.2
Nail Salon11.7
Hair Salon11.4

Location

1038 Central Ave Albany, NY 12205
County assessor Recorded deeds · not on file 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1425 Central, Albany, NY 12205-5027 $28,000,000 May 2024 269,366 SF
203rd Wolf, Albany, NY 12205-1124 $1,200,000 Dec 2023 2,520 SF
79 Wolf, Albany, NY 12205-2613 $5,039,177 Mar 2023 21,872 SF
140 Vly, Albany, NY 12205-2116 $350,000 Jul 2020 2,115 SF
53 Fuller, Albany, NY 12205-5715 $250,000 Jan 2020 1,354 SF
1647 Central, Albany, NY 12205-4021 $565,000 Nov 2018 1,575 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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