Office
13 Cornell Road, Colonie, NY 12110
For Sale
Contact for pricing
The property sits in Airport Park with access to I-87, Albany International Airport, Wolf Road, and Route 7.
Property Size46,628 SF
Price / SF$0.00
Days on Market161
Property Features for 13 Cornell Road
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Building Details
Year Built
Listing Agency:
British American Realty LTD
(518) 786-6000
Listed By:
Christopher P Conners · License #31CO1136608
(518) 466-7665
Source:
Simplywoodardrealestate
Added: Jun 2
Changed: Nov 9
Last Checked: Nov 8 at 4:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of British American Realty LTD
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 46,628-square-foot office building was constructed in 1995 and is located at 13 Cornell Road in Airport Park, Latham, New York.
The property is accessible from I-87, Albany International Airport, Wolf Road, Route 7, and the greater Capital Region.
The property is accessible from I-87, Albany International Airport, Wolf Road, Route 7, and the greater Capital Region.
Key Highlights
- 46,628‑square‑foot office building
- Built in 1995
- Located in Airport Park in Latham, NY
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$638,165
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,763,300
$12.8M
Cap Rate 7%
$9,116,643
$9.1M
Cap Rate 9%
$7,090,722
$7.1M
Market Conditions
NOI Build-Up for 46,628 SF
Gross rent
$1.04M $22.20/SF
− Vacancy
−$184.3K −$3.95/SF
EGI
$850.9K $18.25/SF
− OpEx
−$212.7K −$4.56/SF
NOI
$638.2K $13.69/SF
Area
Albany, NY
Vacancy
17.80%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,763,300
Cap Rate 7%
$9,116,643
Cap Rate 9%
$7,090,722
Alternative Uses
Best Use
Office B
$9.12M
$7.98M – $10.64M
NOI $638,165 @ 7.0% cap · market cap 3,358,763.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.30M
$10.76M – $14.35M
NOI $861,126 @ 7.0% cap · market cap 4,532,242.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 12110, NY
19,682
Population
8,269
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
1,376
Density / Sq Mi
$101,839
Median Household Income
$53,658
Median Earnings
$1,431
Median Rent
$306,100
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Albany County, NY
Properties on Market for Office buildings in Albany County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The property sits in Airport Park with access to I-87, Albany International Airport, Wolf Road, and Route 7.
Where is this office building located?
The property is located at 13 Cornell Road Colonie, NY.
What are key features of this property?
This property features: 46,628‑square‑foot office building; Built in 1995; Located in Airport Park in Latham, NY
