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Four-Story Office Building
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1 Park Pl, Colonie, NY 12205

Four-story office building with efficient floor plates, multi-zone heat pump HVAC, and controlled after-hours access.

Property Size19,838 SF
Days on Market962

Property Features for 1 Park Pl

General Information

Standard status Active
Size 19,838 SF
Property subtype OFFICE

Warehouse & Industrial

Dock-High Doors 1
Sprinkler System Yes

Additional Details

Highway Access Yes

Amenities

multi-zone heat pump system
multi fiber optic providers
vehicle charging stations
2 passenger elevators, 1 freight elevator
full sprinkler/fire alarm system with monitoring
card access system for after-hours building access
1 bay loading dock
computerized controlled energy management system

Building Details

Stories 4
Listing Agency: Picotte Companies
Listed By: Tim McGuire
Source: Moodyscre
Added: Dec 12, 2023 Changed: Jul 27 Last Checked: Jul 31 at 3:47AM

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 Picotte Companies

Investment Insights

Based on property information with market context.

This four-story office building offers efficient floor plates of approximately 25,000 square feet and a multi-zone heat pump system. Building systems include a full sprinkler/fire alarm system with monitoring, a computerized controlled Energy Management System, and a card access system for after-hours use. Telecommunications support is available via multiple fiber optic providers, and the property includes an on-site loading setup with one bay dock, plus passenger elevator service and freight elevator capacity.

The property is located in the Wolf Road submarket of Albany, with immediate adjacency to both I-90 and I-87, providing convenient access to nearby residential and retail concentrations. The building is positioned for roadway exposure and includes ample parking with vehicle charging stations.

Operationally, the access and building systems are designed for tenant continuity, with controlled entry, elevator service that accommodates both people and freight, and centralized monitoring through the fire and alarm systems.

Key Highlights

  • Four‑story office building in Albany’s Wolf Road submarket with efficient 25,000 SF floor plates
  • Immediate adjacency to I‑90 and I‑87 provides easy highway access
  • Multi‑zone heat pump HVAC plus computerized controlled Energy Management System

Property Analytics

Current Use

Albany County Dental ... Dental Office Amica Mutual Insurance ... Insurance Agency Travelers Insurance Agency Capital District Regional ... Government Office Catholic Charities Social Service Agency

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Auto Repair Shop Auto Parts Store HVAC Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Dock-high doors
Yes
Sprinkler system
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

1,212
Businesses Nearby

Demographics for 12205, NY

27,168
Population
12,061
Households
2.3
Avg Household Size
45
Median Age
36%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
1,764
Density / Sq Mi
$89,270
Median Household Income
$54,184
Median Earnings
$1,405
Median Rent
$264,200
Median Home Value

Market

Lease Benchmarks for Colonie, NY

$16.26 /SF/Yr
Avg Asking Price
$0.52–$22.66 /SF/Yr
Price Range
79,894 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Four-story office building with efficient floor plates, multi-zone heat pump HVAC, and controlled after-hours access.
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: Four‑story office building in Albany’s Wolf Road submarket with efficient 25,000 SF floor plates; Immediate adjacency to I‑90 and I‑87 provides easy highway access; Multi‑zone heat pump HVAC plus computerized controlled Energy Management System
(518) 465-4747 Call to check price and availability
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