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    Property profile & analytics

    1863 Central Ave Albany, NY 12205-4221

    • Community centers
    • 11,060 SF
    • 1.71 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US63-3679339
    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

    • Rite Aid / Drug Store / Beauty Supply Store
    • Rite Aid Pharmacy / Pharmacy
    • Bradford T. Scolaro, Pharm / Pharmacy
    • higi / Health Consultant
    • Amazon Locker - 25UATUnicorn / Shipping And Mailing Service

    Property Details for 1863 Central Ave

    Year built
    1998
    Lot size
    1.71 lot acres
    Property size
    11,060 SF
    Zone code
    12
    Property type
    Community centers
    APN
    012689 29.10-1-19.1
    APU
    1268929101191

    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
    -73.8498
    Latitude
    42.7333
    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
    $513,000
    $1,687,000
    $2,200,000
    -
    $1,005,876
    $3,307,824
    $4,313,700

    Comparable in this City

    • Value Estimation by Request
      37,547 SF

      1969 Central Ave

      MINI-MALL • 37,547 SF
      1969 Central Ave, Albany, NY 12205
      View Details
    • Value Estimation by Request
      14,676 SF

      1850 Central Ave

      MINI-MALL • 14,676 SF
      1850 Central Ave, Albany, NY 12205-4703
      View Details
    • Value Estimation by Request
      40,681 SF

      151 Wolf Rd

      MINI-MALL • 40,681 SF
      151 Wolf Rd, Albany, NY 12205-1105
      View Details
    • Value Estimation by Request
      3,851 SF

      1238 Central Ave

      MINI-MALL • 3,851 SF
      1238 Central Ave, Albany, NY 12205-5307
      View Details
    • Value Estimation by Request
      44,164 SF

      38 Wolf Rd

      MINI-MALL • 44,164 SF
      38 Wolf Rd, Albany, NY 12205-2603
      View Details
    • Value Estimation by Request
      141,104 SF

      1960 Central Ave

      MINI-MALL • 141,104 SF
      1960 Central Ave, Albany, NY 12205-4218
      View Details

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      12000 SF commercial building with high traffic and visibility.
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      Completely rebuilt interior, suitable for bar, restaurant, or retail.
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      14,262 SF

      Colonie Car Dealership Assemblage

      Prime Central Ave location, 14,262 SF
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    Similar Nearby for Lease

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      24,007 SF

      Central Ave Retail Center

      Colonie, NY Shopping Center Space Available
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      74,865 SF

      Wolf Road Park Retail Space

      Albany, NY: Prime Retail Opportunity
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      Community Retail Center For Lease

      Retail center with national and regional tenants in Albany, NY.
      29 Aviation Rd, Albany, NY 12205
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      4,150 SF

      Regional Shopping Center Retail Space

      Retail space available in a premier regional shopping center.
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      69,000 SF

      Neighborhood Shopping Center Retail Space

      Former grocery box in shopping center, easily accessible.
      1892 Central Ave, Albany, NY 12205
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      4,250 SF

      Retail Space in Albany, NY

      Community retail center with national and regional tenants. Convenient location.
      5 Metro Park Rd, Albany, NY 12205
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    Property Visit Statistics

    • Visits by month
      24.9k
    • Visitors by month
      14.0k
    • Avg Time on site
      6 min
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    Albany, NY 12205-4221
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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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