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Second-Floor Office Suite

471 Albany Shaker Road, Colonie, NY 12211

For Lease
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An elevator-served workspace combines private offices, meeting rooms, reception, and flexible open area.

Space Size3,000 SF
Property Size21,727 SF
Days on Market961

Property Features for 471 Albany Shaker Road

General Information

Standard status Active
Size 3,000 SF
Net Rentable 3,000 SF
Total Parking Spaces 50
Elevators Yes
Zoning Commercial
Lease Type Modified Gross

Space & Availability

Available Space 3,000 SF
Contiguous Space 3,000 SF
Floor 2
Space Use Office
Sublease Yes
Private Offices 11
Meeting Rooms 2

Taxes and HOA fees

Annual Taxes $55,361

Amenities

Elevator

Building Details

Building Size 21,727 SF
Year Built 1980
Stories 2
Listing Agency: Hanna Commercial
Listed By: Jessica L Richer · License #NY 10301202070
Source: Chadmajewski
Added: Mar 22, 2024 Changed: Nov 4 Last Checked: Nov 7 at 3:57AM

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 Hanna Commercial

Rey
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Investment Insights

Based on property information with market context.

Located on the second floor of a commercial building, this 3,000-square-foot office suite is reached by elevator. Its layout includes a large reception area, 2 conference rooms, 11 private offices, an open area for cubicles, a kitchenette, and 2 private bathrooms. The building was constructed in 1980, and the property is zoned Commercial.

The building occupies the corner of Albany Shaker Road and Osborne Road in Colonie. The space is offered as a sublease, with the landlord open to negotiating a new lease. The modified-gross arrangement assigns gas, electric, water and sewer, garbage collection, telephone, internet, and janitorial costs to the tenant.

Stated permitted uses include professional office, medical, personal care services, artisan studio or shop, retail, preschool, adult day care, and place of worship.

Key Highlights

  • 3,000 SF of second‑floor office space with elevator access
  • 11 private offices and 2 conference rooms
  • Reception area, open cubicle area, kitchenette, and 2 private bathrooms

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Pearl of the Orient Restaurant The Little Gym Gym & Fitness Center Howard Hanna Loudonville/Latham Loan Service Edward Barber, Better ... Real Estate Agency Sandy Speranza, Howard ... Real Estate Agency

Suggested Use

Top Pick Law Firm Auto Repair Shop Real Estate Agency Building Supply Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

289
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Colonie, NY

$14.63 /SF/Yr
Avg Asking Price
$1.34–$27 /SF/Yr
Price Range
48,164 SF
Avg Space Size

Average Price Trend$/SF/Yr for Office Units in Colonie, NY

$6.7 Jul
$7.46 Aug
$8.51 Sep
$7.72 Oct

Properties on Market for Office Units in Colonie

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office unit - An elevator-served workspace combines private offices, meeting rooms, reception, and flexible open area.
Where is this office unit located?
The property is located at 471 Albany Shaker Road Colonie, NY.
What are key features of this property?
This property features: 3,000 SF of second‑floor office space with elevator access; 11 private offices and 2 conference rooms; Reception area, open cubicle area, kitchenette, and 2 private bathrooms
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