1 Winners CirAlbany, NY 12205

  • Office properties
  • 50,831 SF
For Lease

Property Details for 1 Winners Cir

Year built
1983
Lot size
5.81 AC
Property size (Sq ft)
50,831 SF
Zone code
12
Property type
Office properties
Property subtype
Office buildings
APN
012689 42.2-1-16.6
APU
126894221166

Description

1 & 2 Winners Circle offer exceptional executive office space in Albany, NY. This two-building complex, totaling 24,260 square feet, boasts a prime location, just steps from Wolf Road's vibrant hospitality and shopping district, new residential developments, and the serene Crossings park. Built in 1983 and extensively renovated in 2016, the property features two stories and offers multiple tenancy options. Individual suites range from a minimum of 5,568 square feet to a maximum contiguous space of 9,399 square feet, with a total of 14,967 square feet currently vacant. The buildings are equipped with elevators and ample parking, providing a 4/1000 parking ratio. Conveniently situated near Interstate 87 and only two miles from Albany International Airport, this location ensures easy access for clients and employees alike. The property's modern design and desirable location make it an ideal choice for businesses seeking a prestigious and functional workspace in Albany County. The address is 1 & 2 Winners Circle, Albany, NY 12205.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $12,627,208
    6.5%
    $11,655,885
    7%
    $10,823,321
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,686,221
    Geo Method
    $6,641,578
  • Alternative Use

    Use
    Valuation
    Residential
    $14,453,297
    Hospitality
    $13,239,142
    Educational
    $11,014,811
    Medical
    $11,393,627
    Retail
    $17,134,150
1 Winners Cir, Albany, New York

Location Insight

City
Albany
County
Albany
State
New York
Latitude
42.7185
Longitude
-73.7973
CBSA code
10580
CBSA name
ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
$1,164,000
$1,536,000
$2,700,000
-
$2,282,345
$3,011,755
$5,294,100

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