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    Property profile & analytics

    198 Central Ave Albany, NY 12206-2645

    • Investment properties
    • 6,597 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $285,000
    Location Intelligence
    Property ID
    US63-2790155
    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

    • El Patron / Mexican Restaurant

    Property Details for 198 Central Ave

    Year built
    1950
    Lot size
    0.11 lot acres
    Property size
    6,597 SF
    Zone code
    C3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    010100 65.63-3-16
    APU
    101006563316

    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
    -73.7698
    Latitude
    42.6619
    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
    $51,800
    $258,200
    $310,000
    -
    $73,133
    $364,535
    $437,668

    Comparable in this City

    • Value Estimation by Request
      2,464 SF

      259 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,464 SF
      259 Central Ave, Albany, NY 12206-2611
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    • Value Estimation by Request
      1,200 SF

      79 Lexington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,200 SF
      79 Lexington Ave, Albany, NY 12206-3017
      View Details
    • Value Estimation by Request
      1,760 SF

      44 Lexington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,760 SF
      44 Lexington Ave, Albany, NY 12206-3130
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    • Value Estimation by Request
      2,376 SF

      82 Ontario St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,376 SF
      82 Ontario St, Albany, NY 12206-2430
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    • Value Estimation by Request
      1,242 SF

      857 Washington Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,242 SF
      857 Washington Ave, Albany, NY 12206-1403
      View Details
    • Value Estimation by Request
      1,923 SF

      421 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,923 SF
      421 Central Ave, Albany, NY 12206-2211
      View Details

    Similar Nearby for Sale

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      Albany Mixed-Use Investment Opportunity

      Prime Albany location, 0.03-acre lot, $489,000.
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      Mixed-Use Buildings with Renovated Apartments

      Mixed-use property with apartments and office spaces near highways.
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      Albany Office Building For Sale

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    Similar Nearby for Lease

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      Medical office space for lease in Albany's medical corridor.
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    • Contact for pricing
      900 SF

      Retail Space Near Home Depot

      Retail space shadow-anchored by Home Depot with signalized entrance.
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      50,000 SF

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    • $14 SF/Yr
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      First Floor Office Space Available

      First floor office space with ample parking and build-out options.
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      Retail Space Near Interstate 87

      Retail space available near Interstate 87, Albany, NY.
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    • $1.00 SF/Yr
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      Medical Space on Washington Avenue

      Medical office space for rent in Albany's medical corridor.
      400 Patroon Creek Blvd, Albany, NY 12206
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    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      1.4k
    • Avg Time on site
      30 min
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    198 Central Ave
    Albany, NY 12206-2645
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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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