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    OFF-MARKET
    Medical Office Space

    447 New Karner Rd, Albany, NY 12205

    5,599 SF
    Property ID
    US63-1355989
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Medical Office Space
    Total area 5,599 SF
    UPID US63-1355989
    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
    • Albany Engineering Engineer
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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