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
Entity Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This Class A medical office building, located at 400 Patroon Creek Blvd in Albany, NY 12206, offers 180,000 square feet of prime medical space. The building features six total suites, with 50,411 square feet currently available for lease. Individual suites range from a minimum of 1,003 square feet to a maximum contiguous space of 26,293 square feet, offering flexibility for various medical practices. The property is situated in Albany's Washington Avenue Medical Corridor, providing convenient access to major area hospitals and Albany International Airport (less than a 15-minute drive). The building benefits from its location within a thriving healthcare community, surrounded by a diverse range of local medical providers. Amenities include a convenient on-site café offering breakfast, lunch, and gourmet coffee, recently renovated common areas, and ample on-site parking. The property management team is proactive and professional. The landlord is willing to subdivide spaces and build to suit tenant requirements. This exceptional opportunity is ideal for medical practices seeking a well-appointed and strategically located space in Albany County, New York.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2006
Total area 180,000 SF
Lot 8.25 ac (359,570 SF)
Zoning code CO
APN 010100 53.00-1-11
UPID US63-3723796

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
  • Physician
  • Medical Clinic
  • Medical Laboratory Blood Testing Service
  • Postal Service Courier Service
  • Physician

Location

400 Patroon Creek Blvd Albany, NY 12206
Albany metro Census 302 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.41M
Blend (final) Blend
$5.32M

Owner & transaction history

since 2010
3 recorded transactions
2010
$33.1M
2005
$2.7M
2005
Price N/A

Zoning & alternative use

CO · Albany, NY

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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