12 Metro Park RdAlbany, NY 12205

Property Details for 12 Metro Park Rd

Year built

1980

Lot size

2.40 AC

Property size (Sq ft)

27,552 SF

Zone code

12

Property type

Office properties

Property subtype

Office buildings

APN

012689 42.2-1-9

APU

1268942219

Description

12 Metro Park Road in Albany, NY offers 6,525 square feet of executive and professional office space in a two-story building. Currently, 4,125 square feet is available, with spaces divisible down to 587 square feet and contiguous space up to 2,328 square feet. The building boasts ample parking with 150 spaces and convenient elevator access. Located in the Colonie submarket, near the Wolf Road retail corridor and Aviation Road, this property provides easy access to major highways. Recently renovated in 2023, the building features a modern design, large windows, and a soon-to-be-completed updated lobby. The property is situated near The Crossings park, offering a pleasant and convenient work environment. This is an excellent opportunity for businesses seeking a sophisticated and inspiring workspace in a prime Albany location. The building is multi-tenant, offering flexibility for businesses of various sizes. The address is 12 Metro Park Rd, Albany, NY 12205, in Albany County.

• CAP approach

  CAP return

  Valuation

  6%

  $6,844,344

  6.5%

  $6,317,856

  7%

  $5,866,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,624,142

  Geo Method

  $3,599,944

• Alternative Use

  Use

  Valuation

  Residential

  $7,834,142

  Hospitality

  $7,176,032

  Educational

  $5,970,374

  Medical

  $6,175,704

  Retail

  $9,287,248

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.7178

Longitude

-73.7987

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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