Property profile & analytics
1500 Central Ave Albany, NY 12205
- Office buildings
- 11,700 SF
- 0.37 lot acres
Value Estimations
$775,000
Cap Rate Potential
Location Intelligence
Property ID
US63-2058707
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
- J J Young Co / Employment Agency
- JPL Security Training / Security Service
- 99 Dollar Income Tax Services / Tax Preparation
- IRECC / Real Estate Agency
- Ismaili Jamatkhana / Church / Mosque
Property Details for 1500 Central Ave
- Year built
- 1966
- Lot size
- 0.37 lot acres
- Property size
- 11,700 SF
- Zone code
- 45
- Property type
- Office buildings
- APN
- 012601 41.12-6-4
- APU
- 12601411264
Description
This exceptional 11,700 square foot special purpose property, located at 1500 Central Avenue in Albany County, presents a unique investment opportunity. The single-tenant building sits on a sizable 16,117 square foot lot and boasts a highly desirable location offering excellent visibility for any business. The property features several retail spaces at the front, ideal for customer interaction and showcasing products or services. Behind the retail area, ample office space provides a functional and private work environment. A significant advantage is the availability of over 75 parking spaces, ensuring convenient access for employees and customers alike. The property is offered with a Modified Gross Lease, and pricing varies depending on the specific needs of the tenant. This prime location in the South Colonie area offers exceptional potential for a variety of businesses seeking a prominent and well-equipped space. The substantial lot size also allows for potential future expansion or development. This is a rare opportunity to secure a well-established commercial property in a high-traffic area. Contact us today to learn more about this exceptional offering and discuss lease terms.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $775,000
- ML approach
- $775,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $542,000
Market price range: $218k - $1.45M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $840,000 Current use
- AUTO REPAIR, GARAGE
- $1,275,000 Change: +52% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $915,000 Change: +9% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Colonie
- County
- Albany
- State
- New York
- Longitude
- -73.8278
- Latitude
- 42.7125
- 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
$111,000
$339,000
$450,000
-
$217,659
$664,741
$882,400
