Office Units in Business
40 British American Boulevard, Colonie, NY 12110
For Sale
Contact for pricing
Flexible suite layouts and on-site parking accommodate a range of office configurations.
Property Size61,916 SF
Price / SF$0.00
Days on Market222
Property Features for 40 British American Boulevard
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Property Use
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: Apr 2
Changed: Nov 9
Last Checked: Nov 8 at 1:59PM
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.
At 40 British American Boulevard, the office property totals 61,916 square feet and was built in 2001. Suite configurations are flexible, with parking on site.
The property is in Airport Park, with access to I-87 and Albany International Airport. Hotels, dining, and regional amenities are in the surrounding area.
The property is in Airport Park, with access to I-87 and Albany International Airport. Hotels, dining, and regional amenities are in the surrounding area.
Key Highlights
- 61,916‑square‑foot office property
- Built in 2001
- Flexible suite configurations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$847,401
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,948,020
$16.9M
Cap Rate 7%
$12,105,729
$12.1M
Cap Rate 9%
$9,415,567
$9.4M
Market Conditions
NOI Build-Up for 61,916 SF
Gross rent
$1.37M $22.20/SF
− Vacancy
−$244.7K −$3.95/SF
EGI
$1.13M $18.25/SF
− OpEx
−$282.5K −$4.56/SF
NOI
$847.4K $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%
$16,948,020
Cap Rate 7%
$12,105,729
Cap Rate 9%
$9,415,567
Alternative Uses
Best Use
Office B
$12.11M
$10.59M – $14.12M
NOI $847,401 @ 7.0% cap · market cap 4,237,005.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.34M
$14.29M – $19.06M
NOI $1,143,465 @ 7.0% cap · market cap 5,717,325.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
580
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 Units in Albany County, NY
Properties on Market for Office Units in Albany County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible suite layouts and on-site parking accommodate a range of office configurations.
Where is this office unit located?
The property is located at 40 British American Boulevard Colonie, NY.
What are key features of this property?
This property features: 61,916‑square‑foot office property; Built in 2001; Flexible suite configurations
