Property profile

457 New Karner Rd Albany, NY 12205

OFF-MARKET
Office buildings
Property ID
US63-3285381
8,101 SF 0.95 ac lot Built 1985
Entity Owned 1-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Total area 8,101 SF
Lot 0.95 ac (41,382 SF)
Zoning code 19
APN 012689 29.2-1-35.2
UPID US63-3285381

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

457 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
$180k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2025
Last sale
$301,000
2 recorded transactions
2025
$301,000
2006
$690,000

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 457 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