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    OFF-MARKET
    Office buildings

    455 New Karner Rd, Albany, NY 12205-3821

    5,599 SF 0.51 ac lot Built 1985
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US63-3466483
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Rosewood Plaza LP · 1 yrs held
    Rosewood Plaza LP
    since 2025
    Last sale
    $189,000
    2 recorded transactions
    2025
    $189,000
    2006
    $510,000
    Zoning & alternative use
    19 · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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