Two-Story Office Building with
For Sale
Contact for pricing
440 New Karner Road, Colonie, NY 12205
The interior can be configured as a full-building occupancy or divided into multiple office suites.
Property Size7,881 SF
Price / SF$0.00
Days on Market281
Property Features for 440 New Karner Road
General Information
Standard status
Active
Size
7,881 SF
Elevators
Yes
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
1989
Buildings
1
Stories
2
Building Size
7,881 SF
Listing Agency:
Coldwell Banker Commercial Prime Properties
(518) 785-9000
Listed By:
Jacqueline Jolly · License #10401367606
(845) 546-5868
Source:
Simplywoodardrealestate
Added: Jan 29
Changed: Nov 4
Last Checked: Nov 4 at 8:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Prime Properties
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Investment Insights
Based on property information with market context.
Built in 1989, this two-story office property includes elevator access and a layout that can be arranged for occupancy as a whole building or divided into multiple suites. Lease terms of three or more years on an NNN basis are preferred.
Key Highlights
- Two‑story office building constructed in 1989
- Elevator access between floors
- Can be leased as one property or split into multiple suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,958
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,159,160
$2.2M
Cap Rate 7%
$1,542,257
$1.5M
Cap Rate 9%
$1,199,533
$1.2M
Market Conditions
NOI Build-Up for 7,888 SF
Gross rent
$175.1K $22.20/SF
− Vacancy
−$31.2K −$3.95/SF
EGI
$143.9K $18.25/SF
− OpEx
−$36.0K −$4.56/SF
NOI
$108.0K $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%
$2,159,160
Cap Rate 7%
$1,542,257
Cap Rate 9%
$1,199,533
Alternative Uses
Best Use
Office B
$1.54M
$1.35M – $1.80M
NOI $107,958 @ 7.0% cap · market cap 771,128.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,676 @ 7.0% cap · market cap 1,040,542.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
593
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The interior can be configured as a full-building occupancy or divided into multiple office suites.
Where is this office building located?
The property is located at 440 New Karner Road Colonie, NY.
What are key features of this property?
This property features: Two‑story office building constructed in 1989; Elevator access between floors; Can be leased as one property or split into multiple suites
