436 New Karner RdColonie, NY 12205

Property Details for 436 New Karner Rd

Year built

1972

Lot size

3.70 AC

Property size (Sq ft)

4,396 SF

Zone code

19

Property type

Office properties

Property subtype

Office buildings

APN

012689 29.2-1-13

APU

12689292113

Description

This exceptional commercial property, located at 436 New Karner Rd Unit 436 in Colonie, NY, presents a unique opportunity for businesses seeking ample space and strategic positioning. The property boasts a substantial 3.7-acre lot, offering significant potential for expansion, additional parking, or future development. The building itself is classified as an office space, though the precise square footage is currently unavailable. Its location in Colonie, NY provides easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. The property's size and location make it suitable for a wide range of businesses, from small startups to established corporations. The expansive lot offers significant flexibility and potential for future growth, making this an attractive investment for those seeking a long-term solution. Given the substantial land area and the office building's potential, this property represents a rare opportunity in the Colonie commercial real estate market. Further details regarding the building's interior and specifications are available upon request. Serious inquiries are encouraged to explore this promising investment opportunity. The asking price is currently being determined.

• CAP approach

  CAP return

  Valuation

  6%

  $1,092,034

  6.5%

  $1,008,032

  7%

  $936,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $578,242

  Geo Method

  $574,381

• Alternative Use

  Use

  Valuation

  Residential

  $1,249,960

  Hospitality

  $1,144,956

  Educational

  $952,590

  Medical

  $985,351

  Retail

  $1,481,807

Location Insight

City

Albany

County

Albany

State

New York

Latitude

42.7395

Longitude

-73.8447

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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