Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

21 Aviation Rd Albany, NY 12205

FOR SALE
Office buildings
Property ID
US63-2138023
24,558 SF 1.8 ac lot Built 1972
Last sale Feb 2005 · $165,000
Individually Owned Owner of record is an individual. 21-yr Hold Held for 21 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

This single-story, Class B office building at 21 Aviation Road in Albany, NY, offers 24,558 square feet of space on a 1.8-acre site. Built in 1972, the property boasts approximately 108 parking spaces and features a 64% occupancy rate. Three suites are currently available for lease, measuring approximately 900, 2,650, and 4,437 square feet. The building benefits from cross easements with neighboring properties at 14 Computer Drive East and 19 Aviation Road, and is part of a multi-building…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$1.23M
Assessed land$360k
Assessed improvement$874k

Value estimate

· Oct 2026
$790k
$711k – $869k
Submarket $/SF estimate$507k
NOI build-up
Gross scheduled income$545k
Vacancy & credit loss−$97k
Operating expenses−$112k
NOI · 2,168,438.71% cap applied$336k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$72/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$19 – $124
Qualifying comparables3

Cap rate analysis

How does the asset earn?
2,168,438.71%
$336k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
12
JurisdictionALBANY

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop19.9
Auto Repair Shop18.3
Building Supply18.3

Location

21 Aviation Rd Albany, NY 12205
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8 Airline, Albany, NY 12205-1040 $370,000 Jul 2024 60,092 SF
69 Fuller, Albany, NY 12205-5707 $207,000 Jul 2023 8,904 SF
7 Wembley, Albany, NY 12205-3851 $1,225,000 Apr 2022 11,232 SF
121 Everett, Albany, NY 12205-1474 $9,750,000 Jan 2022 40,824 SF
10 Russell, Albany, NY 12205 $1,230,000 Jan 2020 30,000 SF
5 Washington, Albany, NY 12205-5547 $1,950,000 Dec 2019 30,372 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved