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    Property profile & analytics

    1649 Central Ave Albany, NY 12205-4021

    • Investment properties
    • 6,392 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US63-3063483
    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

    • Kim's Asian Market / Supermarket / Korean Grocery Store

    Property Details for 1649 Central Ave

    Year built
    1953
    Lot size
    0.56 lot acres
    Property size
    6,392 SF
    Zone code
    45
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    012601 41.8-1-4
    APU
    1260141814

    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
    -73.8358
    Latitude
    42.7207
    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
    $168,000
    $200,000
    $368,000
    -
    $329,426
    $392,174
    $721,600

    Comparable in this City

    • Value Estimation by Request
      9,200 SF

      1645 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 9,200 SF
      1645 Central Ave, Albany, NY 12205-2424
      View Details
    • Value Estimation
      $235,000
      3,837 SF

      1741 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,837 SF
      1741 Central Ave, Colonie, NY 12205-4841
      View Details
    • Value Estimation
      $245,000
      2,058 SF

      1667 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,058 SF
      1667 Central Ave, Albany, NY 12205-4021
      View Details
    • Value Estimation by Request
      2,629 SF

      1652 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,629 SF
      1652 Central Ave, Albany, NY 12205-4029
      View Details
    • Value Estimation by Request
      1,728 SF

      174 Exchange St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,728 SF
      174 Exchange St, Albany, NY 12205-3316
      View Details
    • Value Estimation
      $250,000
      1,184 SF

      65 Everett Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,184 SF
      65 Everett Rd, Albany, NY 12205-1424
      View Details

    Similar Nearby for Sale

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      Central Avenue Development Opportunity

      1.96 acres of land for development on Central Avenue.
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      Albany Office Building: 15,315 SF

      Fully leased Class B office building in Albany, NY. Excellent investment opportunity.
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      Turnkey Diner on Central Avenue

      4,380 SF turnkey diner with 140-seat capacity and parking.
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    Similar Nearby for Lease

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    • Contact for pricing
      24,007 SF

      Central Ave Retail Center

      Colonie, NY Shopping Center Space Available
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      View Details
    • $6 SF/Yr
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      Warehouse with Dock Doors

      Warehouse with two dock doors and easy access.
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      Albany Office Space For Rent

      Office suites available on first and second floors.
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    1649 Central Ave
    Albany, NY 12205-4021
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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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