457 New Karner Rd, Albany, NY 12205-3821
This 8,100 square foot Class C executive office building is located at 457 New Karner Rd, Albany, NY 12205, situated along a main thoroughfare in Colonie with approximately 15,000 vehicles passing daily. Currently vacant, the property offers immediate occupancy and presents a compelling opportunity for either continued use as an office space or redevelopment. The existing building features a blend of open concept and private offices, complemented by a dedicated conference room. Ample parking is available on-site. The asking price is $427,000, translating to $52.72 per square foot. This property's prime location and flexible use potential make it an attractive investment for a variety of buyers. The building is ready for immediate occupancy and presents a unique opportunity to capitalize on a high-traffic location in a thriving area. Consider the potential for redevelopment to further enhance the property's value and functionality. The existing infrastructure provides a solid foundation for a variety of future uses. Don't miss this chance to acquire a strategically located commercial property in Albany, New York.
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5280 Solutions (Bike/Boat/Book/etc) Store Corporate Office
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.