447 New Karner Rd, Albany, NY 12205
This 5,599 square foot office building at 447 New Karner Road in Albany, NY, is available for $294,000. Currently vacant, the property offers immediate occupancy and significant upside potential. The building features over fifteen offices, multiple conference rooms, ample storage, and several bathrooms. Thirty dedicated parking spaces are included. The property is zoned for Office Residential District, allowing for a wide range of redevelopment options. Its highly visible location along a main thoroughfare boasts approximately 15,000 vehicles per day and 370 feet of frontage. Situated minutes from Central Avenue and surrounded by residential neighborhoods, this location provides excellent access to amenities and a strong potential customer base. The building is offered as-is and is priced to sell. This presents a unique opportunity for investors seeking a prime location with immediate income potential or a redevelopment project with significant upside. The property is ready for immediate occupancy.
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Albany Engineering Engineer
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.