Two-Story Office
For Sale
Contact for pricing
6 Walker Way, Albany, NY 12205
Renovation work is underway to prepare the building for a new tenancy.
Property Size5,100 SF
Price / SF$1.03
Days on Market82
Property Features for 6 Walker Way
General Information
Standard status
Active
Size
5,100 SF
Additional Details
Property Use
Office
Building Details
Buildings
1
Stories
2
Listing Agency:
REALTY ONE GROUP KEY
(518) 630-0360
Listed By:
Leah Witko · License #10401256547
(518) 649-7505
Source:
Gosenproperties
Added: Aug 10
Changed: Oct 28
Last Checked: Oct 28 at 3:58PM
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 REALTY ONE GROUP KEY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-story office building contains approximately 5,100 square feet and is undergoing renovation for new tenancy. The interior includes a large open office area with abundant natural light.
The property is at 6 Walker Way in Albany, off Central Avenue in Colonie. On-site parking is available.
The property is at 6 Walker Way in Albany, off Central Avenue in Colonie. On-site parking is available.
Key Highlights
- Approximately 5,100 square feet across two stories
- Large open office area with natural light
- Renovation underway for new tenancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,800
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,396,000
$1.4M
Cap Rate 7%
$997,143
$997.1K
Cap Rate 9%
$775,556
$775.6K
Market Conditions
NOI Build-Up for 5,100 SF
Gross rent
$113.2K $22.20/SF
− Vacancy
−$20.2K −$3.95/SF
EGI
$93.1K $18.25/SF
− OpEx
−$23.3K −$4.56/SF
NOI
$69.8K $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%
$1,396,000
Cap Rate 7%
$997,143
Cap Rate 9%
$775,556
Alternative Uses
Best Use
Office B
$997.1K
$872.5K – $1.16M
NOI $69,800 @ 7.0% cap · market cap 1,329.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,187 @ 7.0% cap · market cap 1,794.04%
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
804
Businesses Nearby
Explore this area
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
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 - Renovation work is underway to prepare the building for a new tenancy.
Where is this office building located?
The property is located at 6 Walker Way Albany, NY.
What are key features of this property?
This property features: Approximately 5,100 square feet across two stories; Large open office area with natural light; Renovation underway for new tenancy
