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Property profile & analytics
FOR LEASE
Office buildings
7 Southwoods Blvd Colonie, NY 12211
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2233642
For Lease
Contact for pricing
7 Southwoods Blvd, Colonie, NY 12211
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Total area
99,380 SF
Lot
6.24 ac (271,814 SF)
Zoning code
14
APN
012689 54.3-1-40.11
UPID
US63-2233642
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
Current use
Occupant on record · Public records
-
Herzog Law Firm, P.C. Law Firm
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Herzog Law Firm, P.C.: Miller Harry VB Law Firm
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Reilly James M Law Firm
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Smith Jr Wayne A Law Firm
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Dr. Daniel Esper, MD, FACC, FSCAI Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Choya Gibson · 4 yrs held
Choya Gibson
since 2022
Last sale
$323,000
6 recorded transactions
Zoning & alternative use
14 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Colonie submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colonie submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$5,791,772
Assessed 2023
Previous assessed
$5,791,772
+0.0% YoY
Assessed land
$1,560,000
Assessed improvement
$4,231,772
Land market value
$3,058,819
Improvement market value
$8,297,581
Total market value
$11,356,400
Applied tax rate
12,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1996
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
99,380 SF
Lot
6.24 ac (271,814 SF)
Zoning code
14
APN
012689 54.3-1-40.11
UPID
US63-2233642
Jurisdiction
ALBANY
Zoning & alternative use
14 · Albany, NY
Zoning 14 · permitted uses
14 · Albany, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Albany. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Cooling
Yes
Stories
4
Buildings
1
Lot
6.24 ac
Current owner
From public records · entity-resolved
Choya Gibson
Individual
Mailing address
20 CORPORATE WOODS BLVD, ALBANY, NY 12211-2396
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
$323,000
Choya Gibson
Michael A Boots
Warranty Deed
—
Apr 18, 2018
—
7 Southwoods LLC
—
Deed
related
$953,600 · Nbt Bk
—
—
7 Southwoods LLC
—
Deed Of Trust
related
$6,700,000 · Manufacturers Traders & Trust
—
—
7 Southwoods LLC
—
Loan Modification
related
$6,700,000 · Nbt Bk
—
—
7 Southwoods LLC
—
Deed Of Trust
related
$953,600 · Nbt Bk
—
—
7 Southwoods LLC
—
Deed Of Trust
related
$319,330 · Manufacturers Traders & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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?”
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