Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1225 Western Ave Albany, NY 12203-3317
    Back to Search
    Property profile & analytics

    1225 Western Ave Albany, NY 12203-3317

    View on Map
    • Strip malls
    • 39,846 SF
    • 3.01 lot acres
    Off-Market
    Property ID
    US63-0209507
    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.
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Janelle Hazen / Pharmacy
    • Dosa Grill Albany NY / Restaurant
    • Taichi Bubble Tea, Ramen and Poke Bowl - Albany / Restaurant
    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • higi / Physician

    Property Details for 1225 Western Ave

    Year built
    1996
    Lot size
    3.01 lot acres
    Property size
    39,846 SF
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    010100 64.21-2-3
    APU
    10100642123

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $826,000
      Market price range: $181k - $826k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $515,000
      Current use
      MEDICAL BUILDING
      $965,000
      Change: +86% Conversion: Difficult
      WAREHOUSE, STORAGE
      $930,000
      Change: +80% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8231
    Latitude
    42.6772
    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
    $925,900
    $4,889,100
    $5,815,000
    -
    $1,307,214
    $6,902,584
    $8,209,798

    Comparable in this City

    • Value Estimation by Request
      28,000 SF

      1704 Western Ave

      SHOPPING CENTER, STRIP CENTER • 28,000 SF
      1704 Western Ave, Albany, NY 12203-4301
      View Details
    • Value Estimation by Request
      24,458 SF

      1811 Western Ave

      SHOPPING CENTER, STRIP CENTER • 24,458 SF
      1811 Western Ave, Albany, NY 12203-4625
      View Details
    • Value Estimation by Request
      19,173 SF

      1800 Western Ave

      SHOPPING CENTER, STRIP CENTER • 19,173 SF
      1800 Western Ave, Albany, NY 12203-4650
      View Details
    • Value Estimation by Request
      5,400 SF

      1210 Western Ave

      SHOPPING CENTER, STRIP CENTER • 5,400 SF
      1210 Western Ave, Albany, NY 12203-3352
      View Details
    • Value Estimation by Request
      12,206 SF

      5 New Karner Rd

      SHOPPING CENTER, STRIP CENTER • 12,206 SF
      5 New Karner Rd, Albany, NY 12203
      View Details
    • Value Estimation by Request
      5,486 SF

      1801 Western Ave

      SHOPPING CENTER, STRIP CENTER • 5,486 SF
      1801 Western Ave, Albany, NY 12203-4600
      View Details

    Similar Nearby for Sale

    • $189,000
      Pending

      Turnkey Albany Restaurant Opportunity

      Iconic Albany restaurant for sale, includes building and all FF&E.
      494 Washington Avenue Ext, Albany, NY 12203
      View Details
    • $275,000
      2,800 SF

      Mixed-Use Property with Retail Space

      Mixed-use property featuring retail space and two apartments.
      219 Western Ave, Albany, NY 12203
      View Details
    • $189,000
      750 SF

      Retail Property in Albany, NY

      Retail property for sale with 750 square feet in Albany.
      494 Washington Ave, Albany, NY 12203
      View Details
    • $350,000
      2,042 SF

      Renovated Albany Duplex with Garage

      Renovated Albany duplex with separate utilities, garage, and large lot.
      212 Ontario St, Albany, NY 12203
      View Details
    • $264,800
      Pending

      Albany Multifamily Property For Sale

      Clean three-family property near shopping, hospitals, and colleges.
      84 Winthrop Ave, Albany, NY 12203
      View Details
    • Contact for pricing
      181,300 SF

      Distribution Center with Long-Term Lease

      Well-maintained distribution center with over 13 years remaining on lease.
      38 Corporate Cir, Albany, NY 12203
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Anchored Center

      Retail space available in high-traffic shopping center.
      1706 Western Ave, Guilderland, NY 12203
      View Details
    • $40 SF/Yr

      High-Visibility Retail Space Available

      Retail space with freezer/cooler, high exposure location near university.
      1512 Western Ave, Albany, NY 12203
      View Details
    • $40 SF/Yr
      1,200 SF

      Retail Space on Western Avenue

      Retail space with freezer and cooler near UAlbany.
      1512 Western Ave, Albany, NY 12203
      View Details
    • $6,000 /Mo
      2,400 SF

      Prime Commercial Space on Western

      2,350 sqft commercial space in Guilderland, high visibility.
      1859 Western Ave, Guilderland, NY 12203
      View Details
    • $1,500 /Mo
      2,076 SF

      Western Avenue Office/Retail Space

      Office/retail space in high-traffic Albany location, convenient to amenities.
      1674 Western Ave, Guilderland, NY 12203
      View Details
    • $4,000 /Mo

      Modern Retail-Zoned Commercial Building

      Two-story retail-zoned property built in 2019 with high visibility.
      1871 Western Ave, Albany, NY 12203
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1225 Western Ave
    Albany, NY 12203-3317
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1225 Western Ave, Albany, NY, 12203
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!