Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Rensselaer Office Space For Rent Title is generated by Realmo AI

    446 N Greenbush Road, Rensselaer, NY 12144

    View on Map
    Claim this Listing
    Pending
    $15 SF/Yr $2,112/Mo (calc)

    COMMERCIAL - Other - Rensselaer, NY

    Type:Office
    Property size:
    1,690 SF
    Lot size:
    0.71 Acres
    Added:
    May 20, 2025
    Days on Market:
    366
    Last Refresh:
    May 20 at 10:06 am

    Property Features for 446 N Greenbush Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    Commercial
    Parking
    20
    Parking features
    Off Street
    Standard status
    Pending
    APN
    383200 134.13-11-1
    Size
    1,690 SF
    Lot size
    0.71 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6400

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Year built
    1940
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Karen Zalewski-Wildzunas

    Listing agent Karen Zalewski-Wildzunas License #10301219752

    Listing office Berkshire Hathaway Home Services Blake 3 Winners Circle Suite 305, Albany, NY

    Listing date May 20, 2025

    MLS# 202517792

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Exceptional visibility with 195 feet of frontage on Route 4.
    • Prime location just a quarter mile from I‑90 (Exit 8).
    • Parking for over 15 vehicles.
    • Central air conditioning.
    • Newer furnace.
    • Brick construction.

    Overview

    Located just a quarter mile from Exit 8 off I-90, this commercial property offers 1690 square feet of office space on the 3rd and 4th floors. The property features 195 feet of frontage on Route 4, providing exceptional visibility suitable for any business or high-traffic use. The space includes central air conditioning and a newer furnace. There is parking available for over 15 vehicles. The lot size is 0.71 acres. The property is located in Rensselaer, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Berkshire Hathaway HomeServices ... Real Estate Agency Emily Dessingue, Real ... Real Estate Agency Ellen Boldis Real ... Real Estate Agency Christine Fish, Real ... Real Estate Agency A. Kathren Jaeger, Berkshire ... Real Estate Agency

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    Rensselaer
    State
    New York
    Longitude
    -73.692524
    Latitude
    42.661421

    Nearby Similar for Lease

    • $14 SF/Yr
      8,596 SF

      Modern Medical Office Space Available

      Two suites available for lease, medical or office use.
      2 Empire Drive, Rensselaer, NY, 12144
      View Details
    • $9 SF/Yr
      42,000 SF

      Industrial Cold Storage Space Available

      42,000 SF industrial cold storage space for lease.
      301 American Oil Road, Rensselaer, NY, 12144
      View Details
    • $25 SF/Yr
      2,000 SF

      Retail Space on Columbia Turnpike

      Retail space available for lease on Columbia Turnpike.
      574 Columbia Tpke, Rensselaer, NY
      View Details
    • Contact for pricing
      31,752 SF

      Functional Lab Space for Sublease

      Three-floor lab space in Capitol District's biomedical hub.
      3 University Pl, Rensselaer, NY
      View Details
    • $20 SF/Yr
      1,572 SF

      Retail Space on Route 4

      Retail spaces available in Rensselaer, excellent visibility and access.
      278 Troy Rd, Rensselaer, NY
      View Details
    • Contact for pricing
      9,554 SF

      Retail Space in Rensselaer Center

      Retail space available within established shopping center.
      600 N Greenbush Rd, Rensselaer, NY
      View Details
    • Contact for pricing
      1,461 SF

      Retail Space in Rensselaer, NY

      Retail space for lease in Rensselaer, New York.
      307 Troy Rd, Rensselaer, NY
      View Details
    • Contact for pricing
      8,596 SF

      Modern Medical Office Space Available

      Two Class A suites available for medical or office use.
      2 Empire Dr, Rensselaer, NY 12144
      View Details
    • Contact for pricing

      Office Building Near Interstate 90

      Modern office building in growing commercial corridor near Tech Valley.
      1 Empire Dr, Rensselaer, NY 12144
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with high visibility and ample parking available for rent.
    Where is this office units located?
    The property is located at 446 N Greenbush Road Rensselaer, NY.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Exceptional visibility with **195 feet of frontage on Route 4.**; Prime location just a quarter mile from I‑90 (Exit 8).; Parking for over 15 vehicles.
    (518) 858-4719
    We can help!
    Listing Contact
    Karen Zalewski-Wildzunas
    Real Estate License ID: 10301219752
    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
    446 N Greenbush Road, Rensselaer, NY 12144
    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!