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    Property profile & analytics

    1197 Central Ave Colonie, NY 12205-5489

    • Investment properties
    • 7,080 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US63-2407652
    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

    • Albany Dance & Fitness, LLC / Fitness Center / Pilates Studio
    • M Pellegrino Importing Co / Sandwich Shop
    • Rose Cleaners / Dry Cleaner

    Property Details for 1197 Central Ave

    Year built
    2002
    Lot size
    0.86 lot acres
    Property size
    7,080 SF
    Zone code
    13
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    012689 53.7-2-51.2
    APU
    126895372512

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Colonie
    County
    Albany
    State
    New York
    Longitude
    -73.8059
    Latitude
    42.6945
    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
    $250,000
    $440,000
    $690,000
    -
    $490,181
    $862,719
    $1,352,900

    Comparable in this City

    • Value Estimation by Request
      651 SF

      1361 Central Ave

      STORE/OFFICE (MIXED USE) • 651 SF
      1361 Central Ave, Albany, NY 12205-5113
      View Details
    • Value Estimation by Request
      1,840 SF

      11 Virginia Ave

      STORE/OFFICE (MIXED USE) • 1,840 SF
      11 Virginia Ave, Albany, NY 12205
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    • Value Estimation by Request
      20,000 SF

      1207 Central Ave

      STORE/OFFICE (MIXED USE) • 20,000 SF
      1207 Central Ave, Albany, NY 12205-5317
      View Details
    • Value Estimation by Request
      7,306 SF

      1935 Central Ave

      STORE/OFFICE (MIXED USE) • 7,306 SF
      1935 Central Ave, Albany, NY 12205-4221
      View Details
    • Value Estimation by Request
      2,846 SF

      12 Sand Crk Rd

      STORE/OFFICE (MIXED USE) • 2,846 SF
      12 Sand Crk Rd, Colonie, NY 12205-1410
      View Details
    • Value Estimation by Request
      990 SF

      24 Fuller Rd

      STORE/OFFICE (MIXED USE) • 990 SF
      24 Fuller Rd, Albany, NY 12205-5121
      View Details

    Similar Nearby for Sale

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      Prime Colonie Mixed-Use Property

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      Mixed-use property featuring residential and commercial tenants, great cash flow.
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    • $1,200,000
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      Albany Office Building: 15,315 SF

      Fully leased Class B office building in Albany, NY. Excellent investment opportunity.
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      Turnkey Diner on Central Avenue

      4,380 SF turnkey diner with 140-seat capacity and parking.
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    Similar Nearby for Lease

    • $3,000 /Mo
      8,590 SF

      Versatile Commercial Space For Lease

      Commercial space for office, retail, fitness, manufacturing, or mixed-use.
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    • $4,750 /Mo
      8,590 SF

      Versatile Commercial Space For Lease

      Commercial rental space in prime location near Colonie Center Mall.
      8 Nolan Rd, Albany, NY 12205
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    • $6 SF/Yr
      43,829 SF

      Colonie Warehouse Space Available

      ±32,119 SF Industrial Space for Lease
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    • Contact for pricing
      24,007 SF

      Central Ave Retail Center

      Colonie, NY Shopping Center Space Available
      1839 Central Ave, Colonie, NY 12205
      View Details
    • $12 SF/Yr
      20,167 SF

      Office Warehouse Flex Space

      Office and warehouse space available for lease.
      25 Post Rd, Albany, NY 12205
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    • $1.00 SF/Yr
      4,400 SF

      Warehouse Space for Rent

      4,400 sqft warehouse space suitable for commercial or industrial use.
      2 Vatrano Rd, Albany, NY 12205
      View Details

    Property Visit Statistics

    • Visits by month
      3.4k
    • Visitors by month
      2.6k
    • Avg Time on site
      19 min
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    1197 Central Ave
    Colonie, NY 12205-5489
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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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