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

    2020 Central Ave Albany, NY 12205-4427

    • Specialty properties
    • 10,251 SF
    • 1.76 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2535920
    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

    • Cannon Funeral Home / Cremation Service / Funeral Home
    • Jones Funeral Home Inc / Social Service Agency

    Property Details for 2020 Central Ave

    Year built
    1954
    Lot size
    1.76 lot acres
    Property size
    10,251 SF
    Zone code
    12
    Property type
    Specialty properties
    APN
    012689 17.17-3-16
    APU
    126891717316

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8658
    Latitude
    42.7456
    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
    $352,000
    $548,000
    $900,000
    -
    $690,194
    $1,074,506
    $1,764,700

    Comparable in this City

    • Value Estimation by Request
      8,922 SF

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      FUNERAL HOME • 8,922 SF
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      25,675 SF

      235 Washington Ave Ext

      PROFESSIONAL CLUBS/ASSOCIATIONS • 25,675 SF
      235 Washington Ave Ext, Albany, NY 12205-5504
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    • Value Estimation by Request
      4,238 SF

      1946 Central Ave

      VETERINARY, ANIMAL HOSPITAL • 4,238 SF
      1946 Central Ave, Albany, NY 12205-4218
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    • Value Estimation by Request
      21,702 SF

      265 Washington Ave Ext

      PROFESSIONAL CLUBS/ASSOCIATIONS • 21,702 SF
      265 Washington Ave Ext, Albany, NY 12205
      View Details
    • Value Estimation by Request
      11,200 SF

      4 Everett Rd Ext

      CHARITABLE ORGANIZATION • 11,200 SF
      4 Everett Rd Ext, Albany, NY 12205-3342
      View Details
    • Value Estimation by Request
      45,900 SF

      1979 Central Ave

      Schools • 45,900 SF
      1979 Central Ave, Albany, NY 12205
      View Details

    Similar Nearby for Sale

    • $595,000
      Pending

      Central Avenue Church Opportunity

      Church property on Central Ave in Colonie for sale.
      1312 Central Ave, Albany, NY 12205
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    • $595,000
      7,373 SF

      Colonie Church Building For Sale

      Church building on Central Ave in Colonie, New York.
      1312 Central Ave, Colonie, NY 12205
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    • $1,450,000
      0.66 Acres

      1735 Central Avenue

      Land • 12,000 SF
      1735 Central Ave, Albany, NY 12205
      View Details
    • $1,150,000
      9,019 SF

      Commercial Buildings on Central Avenue

      Two commercial buildings with large parking lot on 0.74 acres.
      1702 Central Ave, Albany, NY 12205
      View Details
    • $369,000
      1,312 SF

      Versatile Mixed-Use Property in Colonie

      Mixed-use property with new roof and detached garage.
      34 Russell Rd, Colonie, NY 12205
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    • New
      $450,000
      2,496 SF

      Modern Albany Two-Family Opportunity

      Two-family property built in 1999 with 6 bedrooms and 4.5 baths.
      32 Richmond St, Albany, NY 12205
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space for Lease

      Commercial space available for lease at 911 Central Ave.
      911 Central Ave, Albany, NY 12205
      View Details
    • Contact for pricing

      NY, Albany - New Karner Rd

      Workspaces, services and support to help you work better in WI, Appleton - W College Ave
      401 New Karner Rd, Albany, NY 12205
      View Details
    • Contact for pricing

      Neighborhood Shopping Center Retail Space

      141,000 SF shopping center anchored by Kohl’s and Farmer's India Market.
      1814 Central Ave, Colonie, NY 12205
      View Details
    • $1,775 /Mo
      1,500 SF

      Albany Commercial Space For Rent

      Versatile commercial space ideal for warehousing, light industrial, distribution.
      4J Vatrano Rd, Albany, NY 12205
      View Details
    • Contact for pricing

      Colonie Retail Space for Rent

      Neighborhood shopping center in Colonie, New York, with available spaces.
      1839 Central Ave, Albany, NY 12205
      View Details
    • $900 /Mo
      6,560 SF

      Office/Retail Space Near Northway

      Office or retail space with utilities included, near Northway.
      1531 Central St, Colonie, NY 12205
      View Details
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    2020 Central Ave
    Albany, NY 12205-4427
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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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