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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1636 Central Ave Albany, NY 12205-2404

    • Drive through restaurants
    • 3,158 SF
    • 1.05 lot acres
    OFF-MARKET
    Value Estimations
    $200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1291088
    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

    • Dunkin' / Bakery / Breakfast Restaurant

    Property Details for 1636 Central Ave

    Year built
    2001
    Lot size
    1.05 lot acres
    Property size
    3,158 SF
    Zone code
    45
    Property type
    Drive through restaurants
    APN
    012601 41.8-1-3.1
    APU
    12601418131

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $200,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $245,000
      Current use
      COMMERCIAL (GENERAL)
      $245,000
      Change: -2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8366
    Latitude
    42.7201
    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
    $315,000
    $535,000
    $850,000
    -
    $617,659
    $1,049,041
    $1,666,700

    Comparable in this City

    • Value Estimation
      $285,000
      2,966 SF

      56 Wolf Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,966 SF
      56 Wolf Rd, Albany, NY 12205-2603
      View Details
    • Value Estimation
      $205,000
      4,128 SF

      158 Wolf Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,128 SF
      158 Wolf Rd, Albany, NY 12205-1116
      View Details
    • Value Estimation
      $170,000
      2,282 SF

      1235 Central Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,282 SF
      1235 Central Ave, Albany, NY 12205-5306
      View Details
    • Value Estimation
      $190,000
      1,765 SF

      203 Wolf Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,765 SF
      203 Wolf Rd, Albany, NY 12205-1124
      View Details
    • Value Estimation
      $190,000
      1,230 SF

      1349 Central Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,230 SF
      1349 Central Ave, Albany, NY 12205-5234
      View Details
    • Value Estimation
      $255,000
      2,520 SF

      392 New Karner Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,520 SF
      392 New Karner Rd, Albany, NY 12205-3825
      View Details

    Similar Nearby for Sale

    • $299,000

      Turnkey Pizzeria with Loyal Following

      Profitable pizzeria established for 15+ years in high-traffic location.
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      Renovated 1920s Brick Building

      Completely rebuilt interior, suitable for bar, restaurant, or retail.
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    • $1,895,000
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      Prime Retail and Restaurant Opportunity

      Two buildings on 1.4 acres in Albany's retail hub.
      240-242 Wolf Rd, Colonie, NY 12205
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    • $599,000
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      Retail Property on One Acre

      Retail property on approximately one acre in busy corridor.
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      View Details
    • New
      $659,900
      3,450 SF

      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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    • $1,100,000
      1.53 Acres

      Commercial Property with Income Potential

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    Similar Nearby for Lease

    • 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
    • Contact for pricing
      3,000 SF

      Single Tenant Drive-Through Available

      Drive-through restaurant opportunity near major roads in Colonie, NY.
      1540 Central Ave, Colonie, NY 12205
      View Details
    • $14 SF/Yr
      10,575 SF

      Westgate Plaza Retail Space For Lease

      Albany, NY: Prime Retail/Medical Space Available
      911 Central Ave, Colonie, NY 12205
      View Details
    • Contact for pricing
      9,600 SF

      Freestanding Restaurant Site on Wolf

      Prime restaurant site with high visibility on Wolf Road.
      44 Wolf Rd, Albany, NY 12205
      View Details
    • Contact for pricing
      24,007 SF

      Central Ave Retail Center

      Colonie, NY Shopping Center Space Available
      1839 Central Ave, Colonie, NY 12205
      View Details
    • $1.00 SF/Yr

      Retail and Office Spaces Available

      Highly visible location with ample parking for rent.
      1500 Central Ave, Albany, NY 12205
      View Details
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    1636 Central Ave
    Albany, NY 12205-2404
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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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