Medical Office
63 Shaker Rd, Albany, NY 12204
For Sale
Contact for pricing
The property is beside Memorial Hospital and just off I-787 and I-90.
Property Size3,287 SF
Price / SF$0.01
Days on Market48
Property Features for 63 Shaker Rd
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Building Details
Year Built
Listing Agency:
Roohan Realty
Listed By:
Brian Walters · License NY 30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 10 at 8:36AM
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 Roohan Realty
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Investment Insights
Based on property information with market context.
This medical office condominium contains 3,287 square feet and was built in 1991. It is offered for sale as a medical office property.
The building is next to Memorial Hospital, with access just off I-787 and I-90.
The building is next to Memorial Hospital, with access just off I-787 and I-90.
Key Highlights
- 3,287‑square‑foot medical office condominium
- Built in 1991
- Next to Memorial Hospital
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,273
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,460
$845.5K
Cap Rate 7%
$603,900
$603.9K
Cap Rate 9%
$469,700
$469.7K
Market Conditions
NOI Build-Up for 3,287 SF
Gross rent
$76.9K $23.40/SF
− Vacancy
−$6.5K −$1.97/SF
EGI
$70.5K $21.43/SF
− OpEx
−$28.2K −$8.57/SF
NOI
$42.3K $12.86/SF
Area
Albany, NY
Vacancy
8.40%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$845,460
Cap Rate 7%
$603,900
Cap Rate 9%
$469,700
Alternative Uses
Best Use
Office B
$642.7K
$562.3K – $749.8K
NOI $44,987 @ 7.0% cap
Second Best
Healthcare Medical
$603.9K
$528.4K – $704.6K
NOI $42,273 @ 7.0% cap
Theoretical Best
Office A
$867.2K
$758.8K – $1.01M
NOI $60,704 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12204, NY
7,818
Population
4,290
Households
1.8
Avg Household Size
37
Median Age
39%
College-Educated
91%
High-School Grad
4.1 sq mi
ZIP Area
1,907
Density / Sq Mi
$75,197
Median Household Income
$48,911
Median Earnings
$1,294
Median Rent
$226,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - The property is beside Memorial Hospital and just off I-787 and I-90.
Where is this medical office space located?
The property is located at 63 Shaker Rd Albany, NY.
What are key features of this property?
This property features: 3,287‑square‑foot medical office condominium; Built in 1991; Next to Memorial Hospital
