$570,000

1593 Central Ave, Colonie, NY 12205
View Listing

This retail property includes 1,228 square feet of retail space and is configured with parking in front of the building. It is located approximately one-quarter mile from the Northway, positioned along a main bus line, and has an estimated high average annual daily traffic count exceeding 43,000 vehicles. The building is described as being in excellent condition and supports retail use with visibility from the surrounding roadway.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?

Assessed value · 2023$685k

Assessed land$219k

Assessed improvement$466k

Value estimate

· Oct 2026

$570k

$513k – $627k

Submarket $/SF estimate$771k

NOI build-up

Gross scheduled income$290k

Vacancy & credit loss−$21k

Operating expenses−$81k

NOI · 18,848,800.00% cap applied$188k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?

$78/SF

Submarket average, outlier-cleaned · 112 recorded sales of this use type

Observed band · Q1–Q3$41 – $110

Qualifying comparables6

Cap rate analysis

How does the asset earn?

18,848,800.00%

$188k 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?

JurisdictionALBANY

Location intelligence

Which uses thrive at this corner?

Best fit: Barber Shop

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Barber Shop9.4

Laundry Service9.2

Dry Cleaner8.9

1593 Central Ave Colonie, NY 12205

County assessor Recorded deeds · 2 transfers 6 qualifying comp sales 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

6 recorded sales · 6 properties nearby

Address Sale price Sold Size

997 Central, Albany, NY 12205-3571 $1,133,500 Oct 2024 8,802 SF

130 Wolf, Albany, NY 12205-1115 $2,700,000 May 2024 15,350 SF

1823 Central, Albany, NY 12205-4734 $825,000 Mar 2024 6,012 SF

560 Sand Crk, Albany, NY 12205-2434 $200,000 Aug 2019 10,824 SF

1139 Central, Albany, NY 12205-5431 $650,000 Nov 2018 5,688 SF

1935 Central, Albany, NY 12205-4221 $1,712,850 Nov 2018 7,306 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

Value Estimation
$1,695,000

16,089 SF

1929 Central Ave

STORE/OFFICE (MIXED USE)

1929 Central Ave, Albany, NY 12205-4221

View Details
Value Estimation
$470,000

10,824 SF

560 Sand Crk Rd

STORE/OFFICE (MIXED USE)

560 Sand Crk Rd, Albany, NY 12205-2434

View Details
Value Estimation
$360,000

8,864 SF

1 Fairfield Ave

STORE/OFFICE (MIXED USE)

1 Fairfield Ave, Albany, NY 12205-3405

View Details
Value Estimation
$220,000

5,881 SF

3 Highland Ave

STORE/OFFICE (MIXED USE)

3 Highland Ave, Colonie, NY 12205-5476

View Details
Value Estimation
$185,000

4,232 SF

1117 Central Ave

STORE/OFFICE (MIXED USE)

1117 Central Ave, Albany, NY 12205-3402

View Details
Value Estimation
$270,000

4,062 SF

89 Delafield Dr

STORE/OFFICE (MIXED USE)

89 Delafield Dr, Albany, NY 12205-2426

View Details

Try Rey

Ask anything about this address in plain English.

“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”

1593 Central Ave Colonie, NY 12205

Property summary