455 New Karner Rd, Albany, NY 12205-3821
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
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
19 · Albany, NYAlbany. Always verify with local authorities before improvements.
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.