Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Professional Office Building For Lease Title is generated by Realmo AI

    440 New Karner Road, Colonie, NY 12205

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $18 SF/Yr $11,832/Mo (calc)

    7,881 SF professional office building available for lease.

    Type:Commercial
    Property size:
    7,888 SF
    Lot size:
    0.79 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    106
    Last Refresh:
    Apr 5 at 11:37 pm

    Property Features for 440 New Karner Road

    General Information

    Standard status
    Active
    Size
    7,888 SF
    Lot size
    0.79 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1989

    We can help!

    Listing Contact
    JACQUELINE JOLLY

    Listing agent JACQUELINE JOLLY

    Listing office COLDWELL BANKER COMMERCIAL PRIME PROPERTIES

    Listing date Jan 30, 2026

    Source Corcoran

    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

    HighLights

    • Option to lease the entire 7,881 SF building or subdivide into multiple suites.
    • Two‑story professional office building.
    • Elevator access.
    • Flexible layout options suitable for a variety of professional users.
    • 3+ year NNN lease terms (preferable).
    • Easy to show.

    Overview

    This 7,881 SF professional office building is available for lease. The building offers the option to lease the entire space or subdivide it into multiple suites to suit various business needs. This two-story building features elevator access and flexible layout options suitable for a variety of professional users. The property is available on a 3+ year NNN lease term.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Up and Running Suites Hotel & Motel Rosenstein Chicatelli, PLLC Law Firm Law Ofs. of Charles ... Law Firm Sindy McBride Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -73.8433
    Latitude
    42.74

    Nearby Similar for Lease

    • $15 SF/Yr
      11,256 SF

      Renovated Office Building For Lease

      Lease opportunity in a renovated building in the Village of Colonie.
      14 Computer Drive West, Colonie, NY 12205
      View Details
    • $24 SF/Yr
      1,200 SF

      Retail Space on Wolf Road

      In-line retail space with Wolf Road frontage.
      116 Wolf Road, Colonie, NY 12205
      View Details
    • $2,100/Mo
      2,520 SF

      Professional Office Space For Rent

      Centrally located office space with included utilities and parking.
      250 Osborne Road, Colonie, NY 12205
      View Details
    • $1,950/Mo
      4,531 SF

      Loudonville Professional Building Office Space

      Commercial office space for lease in Loudonville Professional Building.
      264 Osborne Road, Colonie, NY 12211
      View Details
    • $2,300/Mo
      15,044 SF

      Retail Space on Central Avenue

      Affordable retail space in high-traffic Colonie location.
      1995 Central Avenue #Suite 5, Colonie, NY 12205
      View Details
    • $4,600/Mo
      15,044 SF

      Central Avenue Flex Space Available

      Flex space for rent on busy Central Avenue.
      1995 Central Avenue #1, Colonie, NY 12205
      View Details
    • $21 SF/Yr
      2,169 SF

      Renovated Office/Retail Building on Wolf

      Completely renovated stand-alone building on high-traffic Wolf Rd.
      267 Wolf Road, Colonie, NY 12205
      View Details
    • $900/Mo
      6,560 SF

      Office/Retail Space Near Northway

      Office or retail space with utilities included, near Northway.
      1531 Central #Su 202, Colonie, NY 12205
      View Details
    • $14 SF/Yr
      7,523 SF

      Plug and Play Office Suites

      Multiple office suites available for lease in Colonie, NY.
      1762 Central Avenue, Colonie, NY, 12205
      View Details
    • $3,000/Mo
      2,600 SF

      Versatile Commercial Space For Lease

      Commercial space for office, retail, fitness, manufacturing, or mixed-use.
      8 Nolan Road, Colonie, NY 12205
      View Details
    • Contact for pricing
      57,220 SF

      Industrial Building For Lease

      Industrial building with multiple options for lease.
      16 Commercial Avenue, Colonie, NY
      View Details
    • $2,200/Mo
      13,894 SF

      Retail Space Available For Rent

      Retail space available for lease, offering 13894 square feet.
      260 Osborne Road, Colonie, NY 12211
      View Details

    FAQs

    What type of property is this?
    Office building - 7,881 SF professional office building available for lease.
    Where is this office building located?
    The property is located at 440 New Karner Road Colonie, NY.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Option to lease the entire 7,881 SF building or subdivide into multiple suites.; Two‑story professional office building.; Elevator access.
    (518) 785-9000
    We can help!
    Listing Contact
    JACQUELINE JOLLY
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    440 New Karner Road, Colonie, NY 12205
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!