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Property profile & analytics

403 New Karner Rd Albany, NY 12205-3809

  • Office buildings
  • 14,762 SF
  • 1.00 lot acres
OFF-MARKET
Last Sale
Jul 15, 2022
$2,950,000
Value Estimations
$1,830,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US63-3376534
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Applied High Voltage, LLC / Electric Utility Company
  • Albany Kitchen Renovations / Bathroom Remodeler / General Contractor

Property Details for 403 New Karner Rd

Year built
1989
Lot size
1.00 lot acres
Property size
14,762 SF
Zone code
13
Property type
Office buildings
APN
012689 29.11-6-7.2
APU
126892911672

Description

This exceptional commercial property, located at 403 New Karner Road in Colonie, New York, presents a unique investment opportunity. Situated on a full acre of land, this office building offers significant potential for a variety of businesses. The property's size and location provide ample space for expansion or redevelopment, catering to businesses seeking a prominent presence in a thriving area. While the exact square footage is currently unavailable, the substantial one-acre lot allows for considerable flexibility in terms of building configuration and future development. The property's address in Colonie, NY, places it within easy reach of major transportation arteries, ensuring convenient access for employees and clients alike. This presents a rare chance to acquire a significant commercial property in a desirable location, offering substantial potential for growth and return on investment. The absence of a listed price indicates a flexible negotiation process, allowing for tailored terms to suit the buyer's needs. Serious inquiries are encouraged to explore this promising opportunity further. Interested parties should contact the listing agent for further details and to schedule a viewing.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,830,000
    ML approach
    $1,950,000
  • Alternative Use

    Use
    Estimation
    AUTO REPAIR, GARAGE
    $1,605,000
    COMMERCIAL (GENERAL)
    $1,155,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Albany
County
Albany
State
New York
Longitude
-73.8469
Latitude
42.7341
CBSA code
10580
CBSA name
ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$125,000
$700,000
$825,000
-
$245,091
$1,372,509
$1,617,600
More about this property
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