Property profile

30 Kraft Ave Albany, NY 12205

OFF-MARKET
Warehouses
Property ID
US63-1817155
27,200 SF 1.4 ac lot Built 1960
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 27,200-square-foot industrial flex building is situated on a 1.4-acre lot in Albany, New York, within the desirable Railroad Avenue industrial corridor. The single-story structure boasts a 14.5-foot ceiling height, providing ample vertical space for various industrial and flex uses. Currently, 4,822 square feet of space is immediately available for lease. The building features convenient access for both loading and customer pickup, with one dock-high door and an overhead door facing the passenger parking area. The property is zoned for industrial use and is located in Albany County, NY, with a zip code of 12205. This is a single-tenant building offering a sublease opportunity extending through June 2028. The strategic location offers proximity to major transportation routes and established businesses, making it an ideal location for a variety of industrial and light industrial operations. The property's size, features, and location combine to present a compelling opportunity for businesses seeking efficient and well-located industrial space in the Albany market. This is a rare opportunity to secure a well-maintained and strategically positioned industrial property in a thriving area.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1960
Total area 27,200 SF
Lot 1.4 ac (60,984 SF)
Zoning code 15
APN 012689 53.10-3-2
UPID US63-1817155

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Supply Store
  • Big Box & Wholesale Store Production Facility
  • Holding Company
  • Park
  • Big Box & Wholesale Store

Location

30 Kraft Ave Albany, NY 12205-5468
Albany metro Census 14001 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
$363k
Blend (final) Blend
$385k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

15 · Albany, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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