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Property profile & analytics
OFF-MARKET
Office buildings

403 New Karner Rd Albany, NY 12205-3809

14,762 SF 1 ac lot Built 1989
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US63-3376534
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Total area 14,762 SF
Lot 1 ac (43,560 SF)
Zoning code 13
APN 012689 29.11-6-7.2
UPID US63-3376534
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Applied High Voltage, LLC Electric Utility Company
  • Albany Kitchen Renovations Renovation Specialist General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Trio Fund Lalbany Ny LLC · 3 yrs held
Trio Fund Lalbany Ny LLC
since 2022
Last sale
$3.0M
5 recorded transactions
2022
$3.0M
2022
Price N/A
2005
$1.2M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
13 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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