Property profile

250 Washington Avenue Ext Albany, NY 12203

FOR LEASE
Office Units
Property ID
US63-5730783
Entity Owned 10-yr Hold
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Property summary

AI-generated overview

The property consists of office suites within the Corporate Plaza office park in a two-story building totaling approximately 25,000 square feet, featuring a first-floor suite of approximately 5,448 square feet and a second-floor suite of approximately 9,285 square feet. The building is located on Washington Avenue Extension between Excelsior College and Teresian House, with access to CDTA Route 155 and proximity to the Pinebush Preserve walking and running trails. The site includes manicured outdoor areas, updated common areas, and professional signage, and provides parking for approximately 100 vehicles. Interior improvements include a passenger elevator, and the office layout is designed to support suite-level occupancy. The property is also configured for convenient access to UPS, USPS, and FedEx drop boxes.

Property profile

Verified
Property type Office Units
UPID US63-5730783

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Dental Office

Location

250 Washington Avenue Ext Albany, NY 12203
Albany metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request

Owner & transaction history

since 2016
2 recorded transactions
2020
Price N/A
2016
$12.0M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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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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