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    251 New Karner Rd Colonie, NY 12205

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    For Sale
    $1,599,000

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

    Property size:
    17,976 SF
    Lot size:
    1.50 Acres

    Property Features for 251 New Karner Rd

    General Information

    Standard status
    Active
    Size
    17,976 SF
    Lot size
    1.50 Acres

    Building Details

    Year built
    1982

    Source: SCOTT FILM REALTY, LLC Agent SCOTT M FILM

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

    Overview

    Multi-Tenant Office Building For Sale

    This multi-tenant office building features well-established tenants and a 7.4% cap rate. The property includes an EDPM roof, updated HVAC units, and all LED lighting. It is connected to public water. The building has a total size of 17976 square feet. The current owner may consider holding a second mortgage if retained as the building manager. This property is suitable for office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Karner Blue Marketing ... Marketing Agency George Communications Advertising Agency Venture Inward Center Psychic Opus Virtual Offices Executive Suite Rental Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Colonie
    County
    Albany
    State
    New York
    Longitude
    -73.8636229
    Latitude
    42.7214652

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    FAQs

    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 Colonie, NY.
    What is the asking price?
    The asking price for this property is $1,599,000.
    What are key features of this property?
    This property features: - Enjoy a solid 7.4% Cap Rate on this investment property.; - Well established tenants already in place.; - Updated HVAC units ensure efficient climate control.
    (518) 274-8001
    Request Owner's contact information
    251 New Karner Rd Colonie, NY 12205
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    Colonie, NY 12205
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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
    251 New Karner Rd Colonie, NY 12205
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