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    10 Russell Rd Albany, NY 12206

    For Sale
    $3,900,000

    Fully leased, renovated 3-story office building in Albany's commercial district.

    Property size:
    45,000 SF

    Property Features for 10 Russell Rd

    General Information

    Size
    45,000 SF

    Source: Pyramidbrokerage Agent Pyramid Brokerage Albany

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Albany Office Building For Sale

    This is a fully leased, three-story office building situated in the heart of Albany's commercial corridor, located just off Central Avenue. The property has undergone extensive renovations over the past five years. Key improvements include five new rooftop HVAC units, a new roof, a complete interior office remodel, and a fully repaved and updated parking lot. With strong tenancy in place and modern upgrades throughout, this 45,000 square foot property is suitable for both owner-users and investors. The property is located in a vibrant and growing commercial district, making it a potentially ideal location for a future headquarters.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Criterion Digital Productions Marketing Agency Knights of Pythias Fraternal Organization Mediation Matters Mediation Service Albany County Consumer ... Mental Health Service Parole Division Probation Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7917502
    Latitude
    42.6831972

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    FAQs

    What type of property is this?
    Office building - Fully leased, renovated 3-story office building in Albany's commercial district.
    Where is this office building located?
    The property is located at 10 Russell Rd Albany, NY.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: - Fully leased: a turnkey investment with immediate income.; - Prime location in the heart of Albany's commercial corridor, just off Central Avenue.; - Extensive renovations completed within the last five years.
    (518) 458-7000
    Request Owner's contact information
    10 Russell Rd 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
    10 Russell Rd Albany, NY 12206
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