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    1230 Central Ave Albany, NY 12205-5316
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    1230 Central Ave Albany, NY 12205-5316

    View on Map
    • Investment properties
    • 2,520 SF
    • 0.37 lot acres
    Off-Market
    Property ID
    US63-1291419
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Windham Ridge Homeowners Associates / Condominium Complex
    • A Better Answer / Telecommunications Service / Business Service Center
    • Answer Phone Inc / Telecommunications Service / Business Service Center
    • International Adoptive / Social Service Agency / Charitable Organization
    • Central District Humanist Society / Association Or Organization

    Property Details for 1230 Central Ave

    Year built
    1982
    Lot size
    0.37 lot acres
    Property size
    2,520 SF
    Zone code
    13
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    012689 53.6-3-1
    APU
    1268953631

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.809
    Latitude
    42.696
    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
    $92,500
    $121,800
    $214,300
    -
    $181,374
    $238,826
    $420,200

    Comparable in this City

    • Value Estimation
      $1,695,000
      16,089 SF

      1929 Central Ave

      STORE/OFFICE (MIXED USE) • 16,089 SF
      1929 Central Ave, Albany, NY 12205-4221
      View Details
    • Value Estimation
      $3,055,000
      29,908 SF

      59 Wolf Rd

      STORE/OFFICE (MIXED USE) • 29,908 SF
      59 Wolf Rd, Albany, NY 12205-2612
      View Details
    • Value Estimation
      $930,000
      34,384 SF

      76 Fuller Rd

      STORE/OFFICE (MIXED USE) • 34,384 SF
      76 Fuller Rd, Colonie, NY 12205-5719
      View Details
    • Value Estimation
      $1,115,000
      10,890 SF

      197 Wolf Rd

      STORE/OFFICE (MIXED USE) • 10,890 SF
      197 Wolf Rd, Albany, NY 12205-1100
      View Details
    • Value Estimation by Request
      2,078 SF

      1641 Central Ave

      STORE/OFFICE (MIXED USE) • 2,078 SF
      1641 Central Ave, Albany, NY 12205-2424
      View Details
    • Value Estimation by Request
      3,241 SF

      1987 Central Ave

      STORE/OFFICE (MIXED USE) • 3,241 SF
      1987 Central Ave, Colonie, NY 12205-4543
      View Details

    Similar Nearby for Sale

    • $865,000
      0.46 Acres

      Prime Colonie Mixed-Use Property

      High-yield investment, 0.46 acres.
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    • $3,199,000
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      Mixed-Use Property with High-End Finishes

      Mixed-use property featuring residential and commercial tenants, great cash flow.
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      Versatile Mixed-Use Property in Colonie

      Mixed-use property with new roof and detached garage.
      34 Russell Rd, Colonie, NY 12205
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    • $659,900
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      Mixed-Use Property with Income Potential

      High-visibility mixed-use property with immediate cash flow and value-add upside.
      1879 Central Ave, Albany, NY 12205
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    • $369,000
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      Mixed-Use Property in Colonie, NY

      Versatile mixed-use property with new roof and convenient location.
      34 Russell Rd, Colonie, NY 12205
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    • $659,900
      3,450 SF

      Mixed-Use Property in Colonie

      Mixed-use property with income and value-add potential in Colonie.
      1879 Central Ave, Colonie, NY 12205
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Versatile Commercial Space For Lease

      Commercial space for office, retail, fitness, manufacturing, or mixed-use.
      8 Nolan Rd, Colonie, NY 12205
      View Details
    • $4,750 /Mo

      Versatile Commercial Space For Lease

      3600 sq ft space ideal for various commercial uses.
      8 Nolan Rd, Albany, NY 12205
      View Details
    • Contact for pricing

      Albany Office Space For Lease

      Office space available for lease in Albany, New York.
      1913 Central Ave, Albany, NY 12205
      View Details
    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease at 911 Central Ave.
      911 Central Ave, Albany, NY 12205
      View Details
    • Contact for pricing
      1,228 SF

      Retail Space with Long-Term Tenants

      Retail property with high visibility and excellent condition for rent.
      1593 Central Ave, Albany, NY 12205
      View Details
    • Contact for pricing
      3,066 SF

      Restaurant with Drive Thru

      Free standing restaurant with drive thru on Wolf Road.
      56 Wolf Rd, Albany, NY 12205
      View Details
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    1230 Central Ave
    Albany, NY 12205-5316
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    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
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