Property profile

455 New Karner Rd Albany, NY 12205

OFF-MARKET
Office buildings
Property ID
US63-3466483
5,599 SF 0.51 ac lot Built 1985
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This 5,599 square foot office building at 455 New Karner Road in Albany, NY, is available for $266,000. Currently vacant, this Class C property offers a flexible layout suitable for various office uses, including executive, medical, or traditional office settings. The building features a healthy mix of open concept and private office spaces, complemented by two conference rooms, ample storage, updated kitchens in two separate areas, and multiple bathrooms. The property boasts over 30 dedicated parking spaces, a significant advantage in a high-traffic area. Located along a main thoroughfare with approximately 15,000 vehicles per day and 370 feet of frontage, this property enjoys high visibility and accessibility. Its zoning as Office Residential District allows for a wide range of redevelopment possibilities. Minutes from Central Avenue and surrounded by residential neighborhoods, this location offers both convenience and strong potential for future growth. The property is available immediately and priced to sell as-is. The building's existing infrastructure provides a solid foundation for immediate occupancy or a comprehensive redevelopment project.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Total area 5,599 SF
Lot 0.51 ac (22,216 SF)
Zoning code 19
APN 012689 29.2-1-35.3
UPID US63-3466483

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

455 New Karner Rd Albany, NY 12205-3821
Albany metro Census 13804 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$175k

Owner & transaction history

since 2025
Last sale
$189,000
2 recorded transactions
2025
$189,000
2006
$510,000

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 455 New Karner Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message