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    Property profile & analytics

    1440 Central Ave Colonie, NY 12205

    • Super regional malls
    • 12,768 SF
    • 19.01 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US63-1791451
    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

    • Marshalls / Children'S Clothing Store / Clothing Store
    • Eddie Bauer Outlet / Clothing Store
    • Petco Dog Training / Dog Trainer / Pet Trainer
    • UPS Alliance Shipping Partner / Shipping And Mailing Service / Mailing Service
    • Super Shoes / Shoe Store

    Property Details for 1440 Central Ave

    Year built
    1966
    Lot size
    19.01 lot acres
    Property size
    12,768 SF
    Zone code
    16
    Property type
    Super regional malls
    APN
    012689 42.13-3-4
    APU
    12689421334

    Description

    Northway Commons offers exceptional retail space for lease in the thriving Colonie submarket of Albany County. This multi-tenant property boasts a total of 56,476 square feet, with 7,000 square feet currently vacant and immediately available. The minimum divisible space is 7,000 square feet, ideal for larger retailers or businesses requiring significant footprint. Two spaces are currently available, ranging in size from 2,172 to 7,000 square feet, providing flexibility for various business needs. Located in the highly visible and accessible Northway Commons, this property benefits from excellent exposure and high traffic volume. The property's prime location within the Albany submarket and Colonie submarket cluster ensures strong customer reach and potential for significant business growth. This is a fantastic opportunity for businesses seeking a well-established retail location with ample space and high visibility in a bustling commercial area. The property is classified as a storefront retail space, perfect for businesses that benefit from direct street-level access and high pedestrian traffic. Serious inquiries are encouraged to explore this exceptional leasing opportunity. Contact us today to schedule a viewing and discuss your business needs.

    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
    -73.8232
    Latitude
    42.7066
    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
    $5,470,000
    $3,730,000
    $9,200,000
    -
    $10,725,490
    $7,313,726
    $18,039,216

    Comparable in this City

    • Value Estimation by Request
      124,500 SF

      1430 Central Ave

      REGIONAL SHOPPING CENTER, MALL • 124,500 SF
      1430 Central Ave, Albany, NY 12205
      View Details
    • Value Estimation by Request
      89,589 SF

      1814 Central Ave

      REGIONAL SHOPPING CENTER, MALL • 89,589 SF
      1814 Central Ave, Albany, NY 12205-4769
      View Details
    • Value Estimation by Request
      10,216 SF

      15 Wolf Rd

      REGIONAL SHOPPING CENTER, MALL • 10,216 SF
      15 Wolf Rd, Albany, NY 12205
      View Details
    • Value Estimation by Request
      262,422 SF

      19 Wolf Rd

      REGIONAL SHOPPING CENTER, MALL • 262,422 SF
      19 Wolf Rd, Albany, NY 12205
      View Details
    • Value Estimation by Request
      269,366 SF

      1425 Central Ave

      REGIONAL SHOPPING CENTER, MALL • 269,366 SF
      1425 Central Ave, Albany, NY 12205-5027
      View Details
    • Value Estimation by Request
      8,610 SF

      1440th Central Ave

      REGIONAL SHOPPING CENTER, MALL • 8,610 SF
      1440th Central Ave, Albany, NY 12205-5056
      View Details

    Similar Nearby for Sale

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      Profitable pizzeria established for 15+ years in high-traffic location.
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      Former Auto Dealership on Central

      9,247 SF former auto dealership with showroom and service center.
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      New Chipotle with Drive-Through

      New 2,325 SF Chipotle with drive-through for sale.
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    Similar Nearby for Lease

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      Community Retail Center For Lease

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      Regional Shopping Center Retail Space

      Retail space available in a premier regional shopping center.
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      Regional Shopping Center Retail Space

      Premier retail space in New York's Capital Region.
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      Reimagined Retail Center For Lease

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      Retail Space with Long-Term Tenants

      Retail property with high visibility and excellent condition for rent.
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    • $1,450 /Mo
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      Retail Space Near Home Depot

      Retail space available near Home Depot with high traffic.
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      View Details
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    1440 Central Ave
    Colonie, NY 12205
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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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