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Financial
Distress signals
Property profile

400 Patroon Creek Blvd Albany, NY 12206

FOR LEASE
Office buildings
Property ID
US63-3723796
180,000 SF 8.25 ac lot Built 2006
Last sale Dec 2010 · $33,083,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
400 Patroon Creek Blvd, Albany, NY 12206 For Lease 1 / 11
$5,320,000 180,000 SF available
400 Patroon Creek Blvd, Albany, NY 12206
View Listing

Property summary

AI-generated overview

The property is located on Patroon Creek Boulevard within Albany’s Washington Avenue medical corridor. It is configured to support healthcare-related uses for medical practices and healthcare organizations and is suited to accommodate a range of office sizes, from smaller offices through larger facility setups. The building’s placement along Patroon Creek Boulevard provides street-facing exposure consistent with a highly visible medical corridor location.

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$9.70M
Assessed land$1.29M
Assessed improvement$8.41M

Value estimate

· Oct 2026
$5.32M
$4.79M – $5.85M
Submarket $/SF estimate$3.41M
NOI build-up
Gross scheduled income$4.21M
Vacancy & credit loss−$354k
Operating expenses−$1.54M
NOI · 231,491,500.00% cap applied$2.31M

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
231,491,500.00%
$2.31M 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?
CO
JurisdictionALBANY

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand index
Hair Salon10.1
Nail Salon9.7
Convenience Store8.9

Location

400 Patroon Creek Blvd Albany, NY 12206
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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

2 recorded sales · 12 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1365 Washington Ave, Albany, NY 12206-1068 $565,693 Jul 2024 No data
500 Patroon Crk Blvd, Albany, NY 12206-5006 $6,300,000 May 2024 No data
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

Comparable nearby

  • Value Estimation
    $5,500,000
    62,376 SF
    455 Patroon Crk Blvd
    OFFICE BUILDING
    455 Patroon Crk Blvd, Albany, NY 12206-5003
    View Details
  • Value Estimation
    $3,180,000
    35,068 SF
    555 Patroon Crk Blvd
    OFFICE BUILDING
    555 Patroon Crk Blvd, Albany, NY 12206-5007
    View Details
  • Value Estimation
    $755,000
    25,693 SF
    890 3rd St
    OFFICE BUILDING
    890 3rd St, Albany, NY 12206-1626
    View Details
  • Value Estimation
    $445,000
    23,600 SF
    130 Ontario St
    OFFICE BUILDING
    130 Ontario St, Albany, NY 12206-2344
    View Details
  • Value Estimation
    $1,765,000
    20,000 SF
    28 Essex St
    OFFICE BUILDING
    28 Essex St, Albany, NY 12206-2039
    View Details
  • Value Estimation
    $505,000
    19,000 SF
    8 Colvin Ave
    OFFICE BUILDING
    8 Colvin Ave, Albany, NY 12206
    View Details

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    View Details
  • $270,000
    3,376 SF
    Office Building with Conversion Potential
    Block-built office property with public utilities, forced-air heat, and ductless cooling in an adaptable commercial configuration.
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  • $899,000
    0.51 Acres
    Versatile Mixed-Use Commercial Building
    Mixed-use property with storefront, office, warehouse, parking, and additional unfinished spaces along Central Avenue.
    233 Central Avenue, Albany, NY 12206
    View Details

Similar Nearby for Lease

  • New
    Contact for pricing
    34,132 sqft
    Albany Office/Retail Building For Lease
    34,132 SF office/retail building with parking in Albany, NY.
    145 Central Avenue, Albany, NY 12206
    View Details
  • New
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    24,208 sqft
    Build-to-Suit Office Building
    Up to 28,210 SF of ADA-accessible office space with ample free parking and build-to-suit availability.
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    View Details
  • New
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    748 sqft
    Albany Office Suites For Lease
    Multiple office suites available for lease in Albany, NY.
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    View Details
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