Mixed-Use Building with Full
New
For Sale
Contact for pricing
35 Fuller Rd, Albany, NY 12205
The multi-tenant property combines office and retail space with on-site parking and direct service from a public bus route.
Property Size16,632 SF
Lot Size1.79 Acres
Price / SF$0.16
Days on Market2
Property Features for 35 Fuller Rd
General Information
Standard status
Active
Size
16,632 SF
Total Parking Spaces
45
Lot size
1.79 Acres
Property subtype
Commercial
Zoning
COR
Site & Location
Traffic Count
14,874 vehicles/day
Highway Access
Yes
Public Transit
Yes
Mixed-Use Components
office, retail
Additional Details
Floor
Ground
Office Units
1
Property Use
Office/Retail
Amenities
public bus route
full basement
Building Details
Year Built
1968
Building Size
16,632 SF
Tenancy
Multi
Listing Agency:
Heer Realty Inc
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Nov 1
Last Checked: Nov 1 at 3:44PM
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 Heer Realty Inc
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Investment Insights
Based on property information with market context.
The 16,632-square-foot mixed-use building dates to 1968 and includes retail and office space across multiple tenants. A 3,000-square-foot office/retail space occupies the first floor. The property has a full basement, a rubber roof replaced in 2019, and approximately 45 surface parking spaces. Occupancy is approximately 65%.
Situated on approximately 1.79 acres across two parcels at 35 Fuller Rd and 10A Katherine St, the property is adjacent to a Stewart’s convenience store and lies directly on a public bus route. Access to I-90 is available. UAlbany is a 3-minute drive away, Colonie Center is 4 minutes away, and Albany International Airport is 9 minutes away. Traffic is reported at 14,874 AADT. The property is zoned COR in the Town of Colonie.
Situated on approximately 1.79 acres across two parcels at 35 Fuller Rd and 10A Katherine St, the property is adjacent to a Stewart’s convenience store and lies directly on a public bus route. Access to I-90 is available. UAlbany is a 3-minute drive away, Colonie Center is 4 minutes away, and Albany International Airport is 9 minutes away. Traffic is reported at 14,874 AADT. The property is zoned COR in the Town of Colonie.
Key Highlights
- 16,632‑square‑foot mixed‑use building with a 3,000‑square‑foot first‑floor office/retail space
- Approximately 1.79 acres across two parcels: 35 Fuller Rd and 10A Katherine St
- Approximately 45 vehicle parking spaces; directly on a public bus route
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,029
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,920,580
$3.9M
Cap Rate 7%
$2,800,414
$2.8M
Cap Rate 9%
$2,178,100
$2.2M
Market Conditions
NOI Build-Up for 16,632 SF
Gross rent
$349.3K $21.00/SF
− Vacancy
−$35.6K −$2.14/SF
EGI
$313.6K $18.86/SF
− OpEx
−$117.6K −$7.07/SF
NOI
$196.0K $11.79/SF
Area
Albany, NY
Vacancy
10.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,920,580
Cap Rate 7%
$2,800,414
Cap Rate 9%
$2,178,100
Alternative Uses
Best Use
Office B
$3.25M
$2.85M – $3.79M
NOI $227,631 @ 7.0% cap · market cap 8,755.04%
Second Best
Retail
$2.87M
$2.51M – $3.35M
NOI $200,957 @ 7.0% cap · market cap 7,729.12%
Theoretical Best
Office A
$4.39M
$3.84M – $5.12M
NOI $307,160 @ 7.0% cap · market cap 11,813.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
14,874 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
766
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The multi-tenant property combines office and retail space with on-site parking and direct service from a public bus route.
Where is this mixed-use property located?
The property is located at 35 Fuller Rd Albany, NY.
What are key features of this property?
This property features: 16,632‑square‑foot mixed‑use building with a 3,000‑square‑foot first‑floor office/retail space; Approximately 1.79 acres across two parcels: 35 Fuller Rd and 10A Katherine St; Approximately 45 vehicle parking spaces; directly on a public bus route
