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    7 Wembley Ct Albany, NY 12205

    Sponsored
    For Lease
    $12 SF/Yr ($11,934 /Mo)

    11,232 SF Office Space, Ample Parking

    Lot size:
    11,232 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story medical office building, located at 7 Wembley Ct in Albany, NY, offers 11,232 square feet of versatile space. Currently, 5,616 square feet is available for lease, perfect for a variety of medical or traditional office uses. The building features multiple suites, allowing for flexibility in accommodating businesses of different sizes. Built in 1992, the property sits on 1.3 acres of land and boasts a 12-foot ceiling height throughout. With 50 total parking spaces, ample parking is readily available for tenants and their clients. The building includes an elevator for convenient access to both floors. Its prime location offers easy access to Central Avenue, providing excellent visibility and convenient access to major transportation routes. The property's APN is 012689 29.2-1-12.2, and the zip code is 12205. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located office space in Albany County, New York. The building is comprised of one structure and is zoned for both medical and traditional office uses. The first floor space is particularly well-suited for medical, therapy, health, and wellness practices.

    Property Features for 7 Wembley Ct

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,232 SF
    Total Rate
    11934

    Building Details

    Year Built
    1992
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    1st Floor
    Size
    5,616 SF
    Rate per SF
    $12

    HighLights

    • 11,232 SF two‑story medical office building in Albany, NY.
    • 5,616 SF available for lease, ideal for medical or general office use.
    • Multiple suites offer flexible space for various business sizes.
    • 1.3‑acre lot with 50 parking spaces and an elevator.
    • Prime location near Central Avenue, offering excellent visibility and access to major transportation routes.
    Property Profile Location Intelligence

    Current Use by Public Records

    First Choice Evaluations Medical Examiner Colleen Parent Family Practice Physician Dr. Kerry Deyo Chiropractor Dr. Eric Siegel Obstetrician-Gynecologist Gloria Bivona-Sciavolino Social Worker

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.8442566
    Latitude
    42.7411199

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    FAQs

    What type of property is this?
    Medical office - 11,232 SF Office Space, Ample Parking
    Where is this medical office located?
    The property is located at 7 Wembley Ct Albany, NY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 11,232 SF two-story medical office building in Albany, NY.; 5,616 SF available for lease, ideal for medical or general office use.; Multiple suites offer flexible space for various business sizes.
    Request Owner's contact information
    7 Wembley Ct Albany, NY 12205
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    Albany, NY 12205
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    Realmo Value Estimation

    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.

    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.

    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
    7 Wembley Ct Albany, NY 12205
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