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    1 Park Pl Colonie, NY 12205

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    For Lease
    Contact for pricing

    Four-story office building in Albany's Wolf Road submarket.

    Property size:
    19,838 SF
    Lot size:
    6.08 Acres

    Property Features for 1 Park Pl

    General Information

    Size
    19,838 SF
    Lot size
    6.08 Acres

    Source: Picotte Companies Agent Tim McGuire

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Four-Story Office Building For Lease

    This four-story building is situated in the Wolf Road submarket of Albany, offering convenient access to residential and retail areas due to its proximity to I-90 and I-87. The property features 25,000 square-foot floor plates, making it suitable for high-profile tenants. The building is equipped with a multi-zone heat pump system, multiple fiber optic providers, and ample parking, including vehicle charging stations. It also includes two passenger elevators and one freight elevator. A full sprinkler and fire alarm system with monitoring, a card access system for after-hours entry, and a computerized controlled Energy Management System are in place. Additionally, the property has one bay loading dock.
    Location Intelligence

    Current Use by Public Records

    Albany County Dental ... Dental Implants Periodontist Amica Mutual Insurance ... Insurance Agency Travelers Auto Insurance Agency Capital District Regional ... Government Office Catholic Charities Social Services Organization

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Colonie
    County
    Albany
    State
    New York
    Longitude
    -73.8145306
    Latitude
    42.7157474

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    FAQs

    What type of property is this?
    Office building - Four-story office building in Albany's Wolf Road submarket.
    Where is this office building located?
    The property is located at 1 Park Pl Colonie, NY.
    What are key features of this property?
    This property features: - Excellent location immediately adjacent to I-90 and I-87, providing easy access to residential and retail areas.; - Efficient 25,000 square-foot floor plates ideal for high-profile tenants.; - Ample parking and vehicle charging stations.
    (518) 465-4747
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    1 Park Pl Colonie, NY 12205
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1 Park Pl Colonie, NY 12205
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