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Property profile & analytics
FOR LEASE
Super regional malls
1892 Central Ave, Albany, NY 12205
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-1555377
For Lease
1 / 2
$740,000
1892 Central Ave, Albany, NY 12205
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1987
Total area
99,620 SF
Lot
15 ac (653,400 SF)
Zoning code
45
APN
012601 29.10-2-1.1
UPID
US63-1555377
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Big Lots Discount Store
-
Sue's Hair Care Hair Salon
-
Lit Hookah Lounge Bar & Pub (Bike/Boat/Book/etc) Store
-
Grace Nail & Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$740k
Owner & transaction history
Ts Two Pack Ny LLC · 8 yrs held
Ts Two Pack Ny LLC
since 2018
7 recorded transactions
Zoning & alternative use
45 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$7 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$9,000,000
Assessed 2023
Previous assessed
$9,000,000
+0.0% YoY
Assessed land
$2,250,000
Assessed improvement
$6,750,000
Land market value
$4,411,775
Improvement market value
$13,235,325
Total market value
$17,647,100
Applied tax rate
12,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1987
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
99,620 SF
Lot
15 ac (653,400 SF)
Zoning code
45
APN
012601 29.10-2-1.1
UPID
US63-1555377
Jurisdiction
ALBANY
Zoning & alternative use
45 · Albany, NY
Zoning 45 · permitted uses
45 · Albany, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
15 ac
Current owner
From public records · entity-resolved
Ts Two Pack Ny LLC
Entity
Mailing address
864 SILVER LK SCOTCHTOWN RD, MIDDLETOWN, NY 10941-1119
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2018
$2,000,000
Ts Two Pack Ny LLC
Rhinebeck Realty LLC
Grant Deed
$1,292,000 · Bank Of Nj
Mar 27, 2017
—
Colonie Plaza Owner LLC
—
Grant Deed
related
$11,890,000 · People's United Bk
Jan 28, 2010
—
Wp Colonie Associates LLC
—
Deed Of Trust
related
$7,891,161 · Ge Business Financial Svcs INC
Dec 11, 2006
$8,656,000
Wp Colonie Associates Ll
Colonie Plaza LLC
Warranty Deed
—
—
—
Wp Colonie Associates LLC
—
Loan Modification
related
$4,533,838 · Ge Business Financial Svcs INC
—
—
Wp Colonie Associates LLC
—
Loan Modification
related
$4,533,838 · Ge Business Financial Svcs INC
—
—
Wp Colonie Associates LLC
—
Deed Of Trust
related
$4,533,838 · Ge Business Financial Svcs INC
—
—
Wp Colonie Associates LLC
—
Deed Of Trust
related
$2,600,000 · Ge Business Financial Svcs INC
—
—
Scavio Bros LLC
—
Deed Of Trust
related
$16,488 · First Niagara Funding INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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