Office Building with Rear
For Sale
$449,000
Pending
255 Lark Street, Albany, NY 12210
Commercial Sale, Albany, NY
Property Size2,824 SF
Lot Size0.11 Acres
Days on Market236
Property Features for 255 Lark Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Parking
5
Directions
Lark Street south - two blocks before Madison.
Standard status
Pending
APN
010100 76.23-3-15
Size
2,824 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Annual Amount
11491
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Building materials
Brick
Listing Agency:
Berkshire Hathaway Home Services Blake · Berkshire Hathaway HomeServices
(518) 464-0870
Listed By:
Karen Zalewski-Wildzunas · License #10301219752
(518) 858-4719
Added: Feb 12
Changed: Sep 12
Last Checked: Oct 6 at 8:06AM
MLS# 202612009
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,824-square-foot office property includes a primary building and a detached rear annex, creating a flexible configuration for professional offices, creative space, or multi-tenant occupancy. The improvements feature brick construction, electric forced-air heating, central air conditioning, public water, and public sewer. On-site parking accommodates five vehicles, adding practical convenience for occupants and visitors.
The property is located on Lark Street in Albany’s Lark Street district, surrounded by restaurants, retail, government offices, and residential density. The setting provides access to downtown and major routes, with visibility along an established mixed-use commercial corridor.
The property is located on Lark Street in Albany’s Lark Street district, surrounded by restaurants, retail, government offices, and residential density. The setting provides access to downtown and major routes, with visibility along an established mixed-use commercial corridor.
Key Highlights
- 2,824‑square‑foot office property with a main building and detached rear annex
- Flexible layout for professional offices, creative space, or multi‑tenant use
- On‑site parking for five vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,650
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,000
$773.0K
Cap Rate 7%
$552,143
$552.1K
Cap Rate 9%
$429,444
$429.4K
Market Conditions
NOI Build-Up for 2,824 SF
Gross rent
$62.7K $22.20/SF
− Vacancy
−$11.2K −$3.95/SF
EGI
$51.5K $18.25/SF
− OpEx
−$12.9K −$4.56/SF
NOI
$38.7K $13.69/SF
Area
Albany, NY
Vacancy
17.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,000
Cap Rate 7%
$552,143
Cap Rate 9%
$429,444
Alternative Uses
Best Use
Office B
$552.1K
$483.1K – $644.2K
NOI $38,650 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$745.1K
$651.9K – $869.2K
NOI $52,154 @ 7.0% cap · market cap 11.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,369
Businesses Nearby
Explore this area
Business Placement
Demographics for 12210, NY
10,559
Population
6,580
Households
1.6
Avg Household Size
33
Median Age
44%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
9,599
Density / Sq Mi
$55,873
Median Household Income
$35,439
Median Earnings
$1,110
Median Rent
$217,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Brick office property with detached annex, central air, public utilities, and on-site parking for five vehicles.
Where is this office building located?
The property is located at 255 Lark Street Albany, NY.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 2,824‑square‑foot office property with a main building and detached rear annex; Flexible layout for professional offices, creative space, or multi‑tenant use; On‑site parking for five vehicles
