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Financial
Distress signals
Property profile

5 Columbia Circle Dr Albany, NY

FOR LEASE
Office buildings
Property ID
US63-2992083
56,232 SF 5 ac lot Built 1993
Last sale Aug 2015 · $6,110,000
Individually Owned Owner of record is an individual. 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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5 Columbia Circle Dr, Albany, NY For Lease
$17 SF/Yr 57,035 SF available
5 Columbia Circle Dr, Albany, NY
View Listing

Property summary

AI-generated overview

This exceptional Class A office building at 5 Columbia Circle in Albany, NY, offers three available suites totaling approximately 25,272 square feet. Located in Albany County, this two-story building boasts a total of 56,232 square feet and features multiple tenancy options. The largest contiguous space available is 25,272 square feet, ideal for a single large tenant seeking a full floor occupancy. Alternatively, the space can be divided, with options including approximately 4,008, 9,248,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$4.50M
Assessed land$1.75M
Assessed improvement$2.75M

Value estimate

· Oct 2026
$1.92M
$1.72M – $2.11M
Submarket $/SF estimate$1.46M
NOI build-up
Gross scheduled income$1.27M
Vacancy & credit loss−$225k
Operating expenses−$260k
NOI · 4,591,752.94% cap applied$781k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$72/SF
Submarket average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$19 – $124
Qualifying comparables3

Cap rate analysis

How does the asset earn?
4,591,752.94%
$781k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CO
JurisdictionALBANY

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service9.9
Kitchen & Bath9.2
Plumbing Service9.1

Location

5 Columbia Circle Dr Albany, NY
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
15 Columbia, Albany, NY 12203-5156 $2,108,500 Mar 2025 85,020 SF
13 Columbia, Albany, NY 12203-5165 $791,000 Mar 2025 21,050 SF
26 Corporate, Albany, NY 12203-5121 $2,500,000 Jul 2024 53,940 SF
1004 Western, Albany, NY 12203-2743 $545,000 Jul 2024 3,552 SF
1 Columbia, Albany, NY 12203-6383 $3,996,000 Mar 2023 68,872 SF
1211 Western, Albany, NY 12203-3339 $2,400,000 Apr 2020 10,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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