Property profile

500 Northern Blvd Albany, NY 12204

OFF-MARKET
Strip malls
Property ID
US63-5227822
4,913 SF 1.4 ac lot Built 2018
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 6,226 square foot retail property, built in 2016, is situated on a 1.4-acre lot in Albany, NY's Warehouse District, specifically in the Samaritan Hospital - Memorial Campus submarket. The property, zoned C2, features a single building with multiple suites and currently has 4,020 square feet of vacant space available. Units are divisible, with a minimum of 2,005 square feet and a maximum contiguous space of 4,020 square feet. This prime retail opportunity benefits from its strategic location adjacent to a thriving Dunkin' Donuts drive-thru and a newly constructed 184-unit apartment building, ensuring high visibility and foot traffic. Its proximity to I-90 and Samaritan Hospital provides excellent accessibility and a strong residential base. The property offers a dynamic and high-traffic environment ideal for businesses seeking to thrive in a bustling area. This is a rare chance to establish a presence in a vibrant and strategically positioned retail hub within Albany's Warehouse District. Don't miss this opportunity to secure your space in this thriving commercial center.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2018
Total area 4,913 SF
Lot 1.4 ac (60,984 SF)
Zoning code C2
APN 010100 65.7-4-1.12
UPID US63-5227822

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
  • Hotel & Motel
  • Hotel & Motel
  • Nightclub Theater & Performing Art Venue
  • Cafe & Coffee Shop

Location

500 Northern Blvd Albany, NY 12204-1036
Albany metro Census 202 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

Zoning & alternative use

C2 · 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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