You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
New search
Property profile & analytics
FOR LEASE
Office buildings

7 Wembley Ct Albany, NY 12205

11,232 SF 1.3 ac lot Built 1992
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US63-2488249
Property summary
AI-generated overview

This exceptional two-story medical office building, located at 7 Wembley Ct in Albany, NY, offers 11,232 square feet of versatile space. Currently, 5,616 square feet is available for lease, perfect for a variety of medical or traditional office uses. The building features multiple suites, allowing for flexibility in accommodating businesses of different sizes. Built in 1992, the property sits on 1.3 acres of land and boasts a 12-foot ceiling height throughout. With 50 total parking spaces, ample parking is readily available for tenants and their clients. The building includes an elevator for convenient access to both floors. Its prime location offers easy access to Central Avenue, providing excellent visibility and convenient access to major transportation routes. The property's APN is 012689 29.2-1-12.2, and the zip code is 12205. This is an excellent opportunity for businesses seeking a well-maintained, conveniently located office space in Albany County, New York. The building is comprised of one structure and is zoned for both medical and traditional office uses. The first floor space is particularly well-suited for medical, therapy, health, and wellness practices.

Property profile
Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 1992
Total area 11,232 SF
Lot 1.3 ac (56,628 SF)
Zoning code 19
APN 012689 29.2-1-12.2
UPID US63-2488249
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
  • First Choice Evaluations Medical Examiner
  • Colleen Parent Pediatrician Physician
  • Dr. Kerry Deyo Alternative Medicine Practice
  • Dr. Eric Siegel Physician
  • Gloria Bivona-Sciavolino Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$880k
CAP Approach CAP
by Request
Comparable Approach Comparable
$874k
Blend (final) Blend
$875k
Owner & transaction history
7 Wembley Court Albany LLC · 4 yrs held
7 Wembley Court Albany LLC
since 2022
Last sale
$1.2M
2 recorded transactions
2022
$1.2M
2017
$930,000
Zoning & alternative use
19 · Albany, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.2M +51.5%
Commercial (general) $880,000 +9.1%
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?”
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