Three-Office Professional
For Sale
Contact for pricing
264 Osborne Road, Colonie, NY 12211
First-floor office space includes a conference area, kitchenette, storage, and a waiting area.
Property Size4,531 SF
Price / SF$0.44
Days on Market149
Property Features for 264 Osborne Road
General Information
Standard status
Active
Size
4,531 SF
Property subtype
Office
Additional Details
Floor
1st floor
Property Use
Office
Amenities
handicap access
conference area
kitchenette
storage space
waiting area
Building Details
Year Built
1970
Listing Agency:
KW Platform
(518) 724-5800
Listed By:
Dominick Ieraci · License #30IE0802009
(518) 339-0052
Source:
Simplywoodardrealestate
Added: Jun 10
Changed: Nov 4
Last Checked: Nov 4 at 8:57AM
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 KW Platform
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1,400-square-foot office suite occupies the first floor of a professional building constructed in 1970. Its layout includes three private offices, a conference area, kitchenette, storage space, and a waiting area. Handicap access is available.
The property at 264 Osborne Road in Colonie is described as being close to Albany airport. Parking is provided, with the landlord responsible for lot maintenance.
The property at 264 Osborne Road in Colonie is described as being close to Albany airport. Parking is provided, with the landlord responsible for lot maintenance.
Key Highlights
- 1,400‑square‑foot first‑floor office suite
- Three private offices, conference area, kitchenette, storage, and waiting area
- Handicap access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,013
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,240,260
$1.2M
Cap Rate 7%
$885,900
$885.9K
Cap Rate 9%
$689,033
$689.0K
Market Conditions
NOI Build-Up for 4,531 SF
Gross rent
$100.6K $22.20/SF
− Vacancy
−$17.9K −$3.95/SF
EGI
$82.7K $18.25/SF
− OpEx
−$20.7K −$4.56/SF
NOI
$62.0K $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%
$1,240,260
Cap Rate 7%
$885,900
Cap Rate 9%
$689,033
Alternative Uses
Best Use
Office B
$885.9K
$775.2K – $1.03M
NOI $62,013 @ 7.0% cap · market cap 3,100.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.39M
NOI $83,679 @ 7.0% cap · market cap 4,183.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
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Business Placement
Demographics for 12211, NY
13,532
Population
4,561
Households
3
Avg Household Size
41
Median Age
59%
College-Educated
99%
High-School Grad
8.1 sq mi
ZIP Area
1,671
Density / Sq Mi
$145,709
Median Household Income
$48,658
Median Earnings
$2,685
Median Rent
$396,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - First-floor office space includes a conference area, kitchenette, storage, and a waiting area.
Where is this office unit located?
The property is located at 264 Osborne Road Colonie, NY.
What are key features of this property?
This property features: 1,400‑square‑foot first‑floor office suite; Three private offices, conference area, kitchenette, storage, and waiting area; Handicap access
