Office Units with Shared Conference
For Sale
Contact for pricing
6 Airline Drive, Colonie, NY 12205
Flexible suite sizes are paired with shared meeting, training, and break-room facilities.
Property Size12,408 SF
Price / SF$0.21
Days on Market108
Property Features for 6 Airline Drive
General Information
Standard status
Active
Size
12,408 SF
Property subtype
Office
Additional Details
Condition
Move-in Ready
Highway Access
Yes
Property Use
Office
Amenities
conference room
training room
kitchen/break room
on-site parking
Building Details
Year Built
1972
Owner Occupied
Yes
Listing Agency:
KW Platform
(518) 724-5800
Listed By:
Benjamin R Romer · License #10401317745
(518) 368-3932
Source:
Simplywoodardrealestate
Added: Jul 21
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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Investment Insights
Based on property information with market context.
The 12,408-square-foot office building at 6 Airline Drive contains three available suites measuring 200 SF, 250 SF, and approximately 1,000 SF. The owner-occupied property was built in 1972 and includes shared access to a conference room, a 75-seat training room, and a kitchen and break room. The lease structure is full-service gross, and parking is available on site.
The building is in the Airport Park office campus, near Albany International Airport and major highways.
The building is in the Airport Park office campus, near Albany International Airport and major highways.
Key Highlights
- Three office suites: 200 SF, 250 SF, and ~1000 SF
- Shared 75‑seat training room, conference room, and kitchen/break room
- Full‑service gross lease structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$169,820
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,396,400
$3.4M
Cap Rate 7%
$2,426,000
$2.4M
Cap Rate 9%
$1,886,889
$1.9M
Market Conditions
NOI Build-Up for 12,408 SF
Gross rent
$275.5K $22.20/SF
− Vacancy
−$49.0K −$3.95/SF
EGI
$226.4K $18.25/SF
− OpEx
−$56.6K −$4.56/SF
NOI
$169.8K $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%
$3,396,400
Cap Rate 7%
$2,426,000
Cap Rate 9%
$1,886,889
Alternative Uses
Best Use
Office B
$2.43M
$2.12M – $2.83M
NOI $169,820 @ 7.0% cap · market cap 6,531.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.27M
$2.86M – $3.82M
NOI $229,151 @ 7.0% cap · market cap 8,813.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible suite sizes are paired with shared meeting, training, and break-room facilities.
Where is this office unit located?
The property is located at 6 Airline Drive Colonie, NY.
What are key features of this property?
This property features: Three office suites: 200 SF, 250 SF, and ~1000 SF; Shared 75‑seat training room, conference room, and kitchen/break room; Full‑service gross lease structure
