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    FOR LEASE
    Office buildings

    1365 Washington Ave, Albany, NY 12206

    80,736 SF 4.05 ac lot Built 1998
    Individually Owned 15-yr Hold Free & Clear
    Property ID
    US63-4124260
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, located at 1365 Washington Ave in Albany, NY 12206, offers a prime opportunity for healthcare providers. The property, totaling 26,552 square feet, boasts five suites with flexible space options ranging from a minimum of 1,472 square feet to a maximum contiguous space of 18,752 square feet. Currently, 28,400 square feet is available for lease. Situated within Albany's Washington Avenue Medical Corridor, this location provides unparalleled visibility and accessibility, directly across from The University at Albany. The building benefits from its position within a thriving medical hub, encompassing over one million square feet of medical office space and surrounded by numerous healthcare providers. The property features proactive and professional management, offering the advantage of customizable build-outs to meet specific tenant requirements and the flexibility to subdivide larger spaces. This is an ideal location for practices seeking a prominent presence in a high-demand medical market. The building is in Albany County and offers multiple tenancy options. Contact us today to learn more about leasing opportunities in this exceptional medical office building.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING
    Year built 1998
    Total area 80,736 SF
    Lot 4.05 ac (176,418 SF)
    Zoning code C2
    APN 010100 53.00-1-15
    UPID US63-4124260
    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
    • Affordable Dental Implants Albany Dental Office
    • Adirondack Radiology - Albany Medical Clinic
    • St Peter's Laboratory Medical Laboratory
    • East Greenbush Neurology Medical School
    • Upstate Internal Medicine Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $755k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $840k
    Owner & transaction history
    Hta-washington Medical Arts I · 15 yrs held
    Hta-washington Medical Arts I
    since 2010
    Last sale
    $565,693
    3 recorded transactions
    2024
    2010
    $62,000
    1969
    Zoning & alternative use
    C2 · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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