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Property profile & analytics
FOR LEASE
Office buildings
12 Metro Park Rd Albany, NY 12205
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-2150233
For Lease
1 / 2
$16 SF/Yr
12 Metro Park Rd, Albany, NY 12205
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
27,552 SF
Lot
2.4 ac (104,544 SF)
Zoning code
12
APN
012689 42.2-1-9
UPID
US63-2150233
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Edward M Sossner Law Firm
-
Little Light Mental Health Counseling, PLLC Crisis Center Medical Clinic
-
AVNA Learning Center - Albany Training Center Tutoring Service
-
Sligo Software Solutions Inc Corporate Office
-
IS Consilium Inc. (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.69M
Owner & transaction history
Metro 12 Property Management LLC · 3 yrs held
Metro 12 Property Management LLC
since 2023
Last sale
$1.8M
2 recorded transactions
Zoning & alternative use
12 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+9.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Albany submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Albany submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,405,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,980,000
Current use
COMMERCIAL (GENERAL)
$2,160,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±10% · vs last sale $1.75M (Jan 13 2023)
Last sale anchor
$1.75M
Jan 13 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$61 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$1,400,000
Assessed 2023
Previous assessed
$1,250,000
+12.0% YoY
Assessed land
$480,000
Assessed improvement
$920,000
Land market value
$941,177
Improvement market value
$1,803,923
Total market value
$2,745,100
Applied tax rate
12,605.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1980
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
27,552 SF
Lot
2.4 ac (104,544 SF)
Zoning code
12
APN
012689 42.2-1-9
UPID
US63-2150233
Jurisdiction
ALBANY
Zoning & alternative use
12 · Albany, NY
Zoning 12 · permitted uses
12 · Albany, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$2.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Metro 12 Property Management LLC
Entity
Mailing address
13 HAMILTON ST #4, COHOES, NY 12047-1909
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
$1,750,000
Metro 12 Property Management LLC
Eastwood Enterprises LLC
Deed
$2,142,857 · Mako International LLC
Jan 13, 2023
—
Eastwood Enterprises LLC
Wychwood Associates
Deed
$2,142,857 · Mako International LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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