Multi-Tenant Office Building For
For Sale
$7,500,000
5 Columbia Circle, Albany, NY
Well-maintained multi-tenant office building with basement storage for sale.
Property Size57,035 SF
Price / SF$153.06
Days on Market402
Property Features for 5 Columbia Circle
General Information
Standard status
Active
Size
57,035 SF
Property subtype
Office
Building Details
Building Size
57,035 SF
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:46AM
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 Pyramidbrokerage
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-tenant office building offers approximately 49,000 rentable square feet of space. The property includes a partial basement, which is sprinklered and serviced by an elevator, suitable for storage purposes. The basement storage area measures approximately 8,035 square feet and is not included in the building's total square footage. The building has been well-maintained and features upgrades including newer HVAC and roof systems, bathroom upgrades, and lobby improvements. The owner-used building is equipped with Key FOB access and a loading dock. It is situated in a quiet, professional campus that is centrally located near highways and retail areas.
Key Highlights
- Well‑maintained and upgraded building with newer HVAC and roof.
- +/-49,000 RSF multi‑tenant office building in a professional campus.
- Convenient location central to highways and retail.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$670,629
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,412,580
$13.4M
Cap Rate 7%
$9,580,414
$9.6M
Cap Rate 9%
$7,451,433
$7.5M
Market Conditions
NOI Build-Up for 49,000 SF
Gross rent
$1.09M $22.20/SF
− Vacancy
−$193.6K −$3.95/SF
EGI
$894.2K $18.25/SF
− OpEx
−$223.5K −$4.56/SF
NOI
$670.6K $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%
$13,412,580
Cap Rate 7%
$9,580,414
Cap Rate 9%
$7,451,433
Alternative Uses
Best Use
Office B
$9.58M
$8.38M – $11.18M
NOI $670,629 @ 7.0% cap · market cap 8.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.93M
$11.31M – $15.08M
NOI $904,932 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
560
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained multi-tenant office building with basement storage for sale.
Where is this office building located?
The property is located at 5 Columbia Circle Albany, NY.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Well‑maintained and upgraded building with newer HVAC and roof.; +/-49,000 RSF multi‑tenant office building in a professional campus.; Convenient location central to highways and retail.
