Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fully Leased Office Building Title is generated by Realmo AI

    14 Computer Drive East, Colonie, NY 12205

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,125,000

    Two-story, 15,315 SF office building in Colonie, NY for sale.

    Type:Office
    Property size:
    15,315 SF
    Lot size:
    0.89 Acres
    Price / SF:
    $73/SF
    Added:
    Mar 25, 2026
    Days on Market:
    58
    Last Refresh:
    Mar 16 at 10:21 am

    Property Features for 14 Computer Drive East

    General Information

    Standard status
    Active
    Size
    15,315 SF
    Lot size
    0.89 Acres
    Property subtype
    Office

    We can help!

    Listing Contact
    Dan Simpson
    Dan Simpson

    Listing agent Dan Simpson License #Associate Real Estate Broker

    Listing office CBRE - Albany

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE - Albany

    HighLights

    • Fully leased, providing immediate income stream.
    • Located directly off the Wolf Road corridor, a primary commercial area.
    • Two‑story office building with ±15,315 SF.
    • Long‑term tenants in place.
    • Elevator access.
    • Parking for ±60 vehicles.

    Overview

    This two-story office building, totaling approximately 15,315 square feet, is located directly off the Wolf Road corridor on Computer Drive East in Colonie. Constructed in 1972, the property is situated on an approximately 0.89-acre site and is fully leased with several long-term tenants. The building features one passenger elevator and parking space for approximately 60 vehicles. The property has cross easements with 19 and 21 Aviation Road and can be purchased as a package with those properties. Computer Drive is a multi-building office park within the Wolf Road Business District, a primary commercial area that includes shopping centers, hotel and conference centers, office buildings, and retail and restaurant establishments.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BioFit Personal Training Gym & Fitness Center CADimensions, Inc. Electronics & Wireless Store EMSI Laboratory US Army Health ... Military Base Hunger Solutions New ... Charitable Organization

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store 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
    -73.8055133
    Latitude
    42.716208

    Nearby Similar for Sale

    • $415,000
      1,904 SF

      Colonie Duplex with Recent Updates

      Updated duplex in Colonie with strong rental potential.
      5 Deer Path Drive, Colonie, NY 12205
      View Details
    • $1,895,000
      7,700 SF

      Prime Retail and Restaurant Opportunity

      Two buildings on 1.4 acres in Albany's retail hub.
      240-242 Wolf Road, Colonie, NY 12205
      View Details
    • $325,000
      1,579 SF

      Turn-Key Colonie Hair Salon

      Move-in ready salon with expansion potential in Colonie, NY.
      18 Fuller Road, Colonie, NY 12205
      View Details
    • $369,000
      1,312 SF

      Mixed-Use Property in Colonie, NY

      Versatile mixed-use property with new roof and convenient location.
      34 Russell Road, Colonie, NY 12205
      View Details
    • $399,900

      High-Visibility Retail/Office Space For Sale

      Adaptable space suitable for retail, office, spa, or medical use.
      1208 Loudon Road, Colonie, NY 12047
      View Details
    • $1,150,000
      9,019 SF

      Commercial Buildings on Central Avenue

      Two buildings on 0.74 acres with parking for 40 vehicles.
      1704 Central Avenue, Colonie, NY, 12205
      View Details
    • $659,900
      3,450 SF

      Mixed-Use Property in Colonie

      Mixed-use property with income and value-add potential in Colonie.
      1879 Central Avenue, Colonie, NY 12205
      View Details
    • $339,000
      651 SF

      Central Avenue Retail Opportunity

      High-visibility retail space with flexible zoning on Central Avenue.
      1361 Central Avenue, Colonie, NY 12205
      View Details
    • $1,895,000
      7,700 SF

      Wolf Road Retail and Restaurant

      Two buildings on 1.4 acres in Albany retail hub.
      240-242 Wolf Road, Colonie, NY 12205
      View Details
    • $595,000
      7,373 SF

      Colonie Church Building For Sale

      Church building on Central Ave in Colonie, New York.
      1312 Central Avenue, Colonie, NY 12205
      View Details
    • $324,900
      1,518 SF

      Turn-Key Commercial Building For Sale

      Commercial building operating as a hair salon for over 20 years.
      300 Old Niskayuna Road, Colonie, NY 12110
      View Details
    • $224,999

      Vacant Quadplex in Colonie, NY

      Four residential units, ideal for investors seeking upside potential.
      79 Alexander Street, Colonie, NY 12202
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story, 15,315 SF office building in Colonie, NY for sale.
    Where is this office building located?
    The property is located at 14 Computer Drive East Colonie, NY.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: Fully leased, providing immediate income stream.; Located directly off the Wolf Road corridor, a primary commercial area.; Two‑story office building with ±15,315 SF.
    (518) 452-2700
    We can help!
    Listing Contact
    Dan Simpson
    Dan Simpson
    Real Estate License ID: Associate Real Estate Broker
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    14 Computer Drive East, Colonie, NY, 12205
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!