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    453 New Karner Rd Albany, NY 12203

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    For Sale
    $1,150,000

    Recently renovated office building with flexible layout in Albany, NY.

    Property size:
    5,600 SF
    Lot size:
    7.91 Acres

    Property Features for 453 New Karner Rd

    General Information

    Size
    5,600 SF
    Lot size
    7.91 Acres

    Source: NAI Platform Agent Cory Tyksinski

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

    Overview

    Renovated Office Building For Sale

    This recently purchased and renovated office building features a combination of numerous large private offices, a huge bullpen area, 4 bathrooms, a full breakroom, and a large training area. The property includes a brand new roof, new flooring, walls, and carpet. All mechanical systems are in great condition. Located in a commercial office park, the property is part of a condo association with bylaws and a monthly fee. The building has a total size of 5600 square feet. The current owner is looking to do a sale/leaseback, with a new long term lease.
    Location Intelligence

    Current Use by Public Records

    Association of School Business ... Association Or Organization Hesnor Engineering Co Engineering Consultant Old Heritage Title ... Title Company Mor Pac Inc Mortgage Lender

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8404969
    Latitude
    42.7411262

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    FAQs

    What type of property is this?
    Office building - Recently renovated office building with flexible layout in Albany, NY.
    Where is this office building located?
    The property is located at 453 New Karner Rd Albany, NY.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Recently renovated with new roof, flooring, walls, carpet, and well-maintained mechanicals.; - Combination of private offices, large bullpen area, training area, breakroom, and 4 bathrooms.; - Opportunity for a sale/leaseback with a new long-term lease.
    (518) 857-8396
    Request Owner's contact information
    453 New Karner Rd Albany, NY 12203
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    Albany, NY 12203
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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
    453 New Karner Rd Albany, NY 12203
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