Property profile

436 New Karner Rd Albany, NY 12205

OFF-MARKET
Office buildings
Property ID
US63-2929155
4,396 SF 3.7 ac lot Built 1972
Entity Owned 20-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 436 New Karner Rd Unit 436 in Colonie, NY, presents a unique opportunity for businesses seeking ample space and strategic positioning. The property boasts a substantial 3.7-acre lot, offering significant potential for expansion, additional parking, or future development. The building itself is classified as an office space, though the precise square footage is currently unavailable. Its location in Colonie, NY provides easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. The property's size and location make it suitable for a wide range of businesses, from small startups to established corporations. The expansive lot offers significant flexibility and potential for future growth, making this an attractive investment for those seeking a long-term solution. Given the substantial land area and the office building's potential, this property represents a rare opportunity in the Colonie commercial real estate market. Further details regarding the building's interior and specifications are available upon request. Serious inquiries are encouraged to explore this promising investment opportunity. The asking price is currently being determined.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1972
Total area 4,396 SF
Lot 3.7 ac (161,172 SF)
Zoning code 19
APN 012689 29.2-1-13
UPID US63-2929155

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

Location

436 New Karner Rd Albany, NY 12205-3810
Albany metro Census 13804 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
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2024
Last sale
$500,000
1 recorded transaction
2024
$500,000

Zoning & alternative use

19 · 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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