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    Property profile & analytics

    226 North Allen St Albany, NY 12206

    • Investment properties
    • 40,364 SF
    • 1.18 lot acres
    For Sale
    View listing
    $1,800,000
    Value Estimation
    Last Sale
    Jun 02, 2021
    $50,000
    Location Intelligence
    Property ID
    US63-3295692
    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

    • Capital Region Furniture Bank / Non-Profit Organization
    • For Pete’s Sake Thrift Shop / Thrift Store

    Property Details for 226 North Allen St

    Year built
    1900
    Lot size
    1.18 lot acres
    Property size
    40,364 SF
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    010100 64.36-1-10.1
    APU
    1010064361101

    Description

    This exceptional commercial land parcel, located at 226 N Allen Street in Albany County, presents a unique build-to-suit opportunity. The property is designated as Special Purpose land with a single-tenant occupancy. Currently undeveloped, this raw space offers unparalleled flexibility for a variety of commercial uses, ideal for a small office or retail establishment. The asking price is a competitive $13.50 per square foot, based on a gross lease structure with utilities paid separately by the tenant. This attractive pricing makes it an excellent investment for businesses seeking a customizable space to meet their specific needs. The property benefits from its strategic location within a thriving area, offering convenient access to a range of amenities, and surrounded by a mix of residential and commercial properties, ensuring high visibility and foot traffic potential. The single-suite building allows for a streamlined and efficient development process, minimizing complexities and maximizing return on investment. This is a rare chance to acquire a prime piece of commercial real estate in a desirable location, ready for immediate development. Don't miss this opportunity to create your ideal commercial space in a vibrant and growing community. Contact us today to learn more and schedule a site visit.

    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
    -73.7849
    Latitude
    42.674
    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
    $100,000
    $247,000
    $347,000
    -
    $141,183
    $348,722
    $489,905

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    226 North Allen St
    Albany, NY 12206
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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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