Listing Agency: Scott Film Realty, LLC s***@gmail.com Show Phone

Listed By: Scott M Film · License #49FI0903791 Show Phone

Source: Exprealty

Added: May 29, 2025 Changed: Aug 21 Last Checked: Aug 22 at 12:51PM

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Investment Insights

Based on property information with market context.

This multi-tenant office building features an EDPM roof, updated HVAC units, and all LED lighting. The property is located on public water. The building is fully occupied with well-established tenants and has a cap rate of 11.7%.

Key Highlights

• 11.7% CAP Rate makes this a lucrative investment opportunity.
• Multi‑Tenant Office Building offers diversified income potential.
• Well Established Tenants provide stable cash flow.

Property Analytics

Property Profile

Current Use

Karner Blue Marketing ... Advertising Agency George Communications Marketing & Advertising Venture Inward Center Spiritual Center Opus Virtual Offices Real Estate Agency

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Garden Center Restaurant Grocery & Convenience Store Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

237

Businesses Nearby

Explore this area Business Placement

Demographics for 12205, NY

27,168

Population

12,061

Households

2.3

Avg Household Size

45

Median Age

36%

College-Educated

94%

High-School Grad

15.4 sq mi

ZIP Area

1,764

Density / Sq Mi

$89,270

Median Household Income

$54,184

Median Earnings

$1,405

Median Rent

$264,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Multi-tenant office building with established tenants and updated systems.

Where is this office building located?

The property is located at 251 New Karner Rd Albany, NY.

What is the asking price?

The asking price for this property is $1,199,000.

What are key features of this property?

This property features: 11.7% CAP Rate makes this a lucrative investment opportunity.; Multi‑Tenant Office Building offers diversified income potential.; Well Established Tenants provide stable cash flow.