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    OFF-MARKET
    Office buildings

    436 New Karner Rd, Albany, NY 12205-3810

    4,396 SF 3.7 ac lot Built 1972
    Entity Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-2929155
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • National Planning Group Insurance Agency
    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
    WORKING PROPERTIES LLC · 2 yrs held
    WORKING PROPERTIES LLC
    since 2024
    Last sale
    $500,000
    1 recorded transaction
    2024
    $500,000
    Zoning & alternative use
    19 · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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