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Financial
Distress signals
Property profile

1440 Central Ave Albany, NY 12205

FOR LEASE
Super regional malls
Property ID
US63-1791451
12,768 SF 19.01 ac lot Built 1966
Last sale Mar 2014
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
1440 Central Ave, Albany, NY 12205 For Lease 1 / 3
$270,000 12,768 SF available
1440 Central Ave, Albany, NY 12205
View Listing

Property summary

AI-generated overview

The property is a retail space located at 1440 Central Ave in Albany, New York (12205), within a multi-tenant power center in the Capital District. The listed availability consists of approximately 4,000 square feet of retail area. The shopping center is anchored by national retailers including Target, Lowe’s, Burlington, Marshalls, Staples, Visionworks, and Empire Wine, reflecting an established retail mix intended to support complementary neighborhood retail uses.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$9.20M
Assessed land$5.47M
Assessed improvement$3.73M

Value estimate

· Oct 2026
$270k
$243k – $297k
AI approach$265k
NOI build-up
Gross scheduled income$237k
Vacancy & credit loss−$17k
Operating expenses−$66k
NOI · 15,427,000.00% cap applied$154k

Realmo valuation models over county records.

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?
15,427,000.00%
$154k 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?
16
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 agency20.3
Auto Parts Store15.1
Law Firm13.3

Location

1440 Central Ave Albany, NY 12205
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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

1 recorded sale · 18 properties nearby
Recent sales nearby
1 recorded sale 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
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

Comparable nearby

  • Value Estimation
    $245,000
    10,216 SF
    15 Wolf Rd
    REGIONAL SHOPPING CENTER, MALL
    15 Wolf Rd, Albany, NY 12205
    View Details
  • Value Estimation
    $185,000
    8,610 SF
    1440th Central Ave
    REGIONAL SHOPPING CENTER, MALL
    1440th Central Ave, Albany, NY 12205-5056
    View Details
  • Value Estimation
    $655,000
    124,500 SF
    1430 Central Ave
    REGIONAL SHOPPING CENTER, MALL
    1430 Central Ave, Albany, NY 12205
    View Details
  • Value Estimation
    $1,095,000
    262,422 SF
    19 Wolf Rd
    REGIONAL SHOPPING CENTER, MALL
    19 Wolf Rd, Albany, NY 12205
    View Details
  • Value Estimation
    $28,000,000
    269,366 SF
    1425 Central Ave
    REGIONAL SHOPPING CENTER, MALL
    1425 Central Ave, Albany, NY 12205-5027
    View Details
  • Value Estimation
    $665,000
    89,589 SF
    1814 Central Ave
    REGIONAL SHOPPING CENTER, MALL
    1814 Central Ave, Albany, NY 12205-4769
    View Details

Similar Nearby for Sale

  • $1,450,000
    12,000 SF
    1735 Central Avenue, Colonie, NY 12205
    12,000 SF building with high traffic and visibility.
    1735 Central Ave, Colonie, NY 12205
    View Details
  • $2,300,000
    11,180 SF
    Free-Standing Retail Building
    Free-standing retail building built for Rite Aid and positioned on a signalized corner with ample on-site parking.
    1863 Central Avenue, Colonie, NY 12205
    View Details
  • New
    Contact for pricing
    9,019 SF
    Commercial Buildings on Central Avenue
    Two commercial buildings with large parking lot on 0.74 acres.
    1702 Central Ave, Albany, NY 12205
    View Details
  • $330,000
    8,904 SF
    Multi-Story Retail/Studio Building
    Corner commercial parcel with a cleared first floor and previously leased second-floor dance studio rooms.
    69 Fuller Road, Colonie, NY 12205
    View Details
  • New
    Contact for pricing
    3,150 SF
    Inline Restaurant Banquet Facility
    Former restaurant/banquet space with strong corridor visibility via pylon signage along two major roads.
    1814 Central Ave., Colonie, NY 12205
    View Details
  • $299,000
    651 SF
    Central Avenue Retail Opportunity
    High-visibility retail space with flexible zoning on Central Avenue.
    1361 Central Avenue, Colonie, NY 12205
    View Details

Similar Nearby for Lease

  • Contact for pricing
    13,974 sqft
    Community Retail Center
    Community retail center on Wolf Rd with convenient access to I-90 and I-87 and a strong regional tenant mix.
    145 Wolf Rd, Albany, NY 12205
    View Details
  • Contact for pricing
    11,180 sqft
    Free-Standing Retail Corner Building
    Free-standing retail building at a signalized intersection with ample parking and flexible COR zoning for retail and services.
    1863 Central Avenue, Colonie, NY 12205
    View Details
  • Contact for pricing
    Retail Space with Long-Term Tenants
    Retail property with high visibility and excellent condition for rent.
    1593 Central Avenue, Colonie, NY 12205
    View Details
  • New
    $17.50 SF/Yr
    Retail Space on Wolf Road
    Retail space available with signage on Wolf Road.
    110 Wolf Road, Albany, NY 12205
    View Details
  • Contact for pricing
    2,080 sqft
    Colonie Retail Space for Rent
    Neighborhood shopping center in Colonie, New York, with available spaces.
    1839 Central Avenue, Albany, NY 12205
    View Details
  • New
    $900/Mo
    6,560 sqft
    Two-Office Commercial Units
    Two office units include heat, electricity, air conditioning, and shared bathrooms.
    1531 Central, Albany, NY 12205
    View Details
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