Office Suite with Training
9 Cornell Road, Colonie, NY 12110
For Sale
Contact for pricing
First-floor space combines private offices, reception, a kitchenette, and a large group training area.
Property Size39,826 SF
Price / SF$0.00
Days on Market573
Property Features for 9 Cornell Road
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Public Transit
Property Use
Amenities
on-site property management
EV charging station
fitness trail
Building Details
Year Built
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Karen A Wentz · License #10301220111
(516) 317-3184
Source:
Simplywoodardrealestate
Added: Apr 16, 2025
Changed: Nov 9
Last Checked: Nov 8 at 4:04PM
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
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.
This 5,052-square-foot first-floor office suite includes a reception area, seven private offices, a kitchenette, a small bullpen, and a training room sized for more than 30 people. The building was constructed in 1999, and on-site property management is available.
The property is in Airport Business Park, with an EV charging station and ample parking on site. Public transportation is nearby, and a fitness trail runs within the park setting.
The property is in Airport Business Park, with an EV charging station and ample parking on site. Public transportation is nearby, and a fitness trail runs within the park setting.
Key Highlights
- 5,052 square feet of first‑floor office space
- Training room accommodates 30+
- Seven private offices, reception, kitchenette, and small bullpen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$545,071
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,901,420
$10.9M
Cap Rate 7%
$7,786,729
$7.8M
Cap Rate 9%
$6,056,344
$6.1M
Market Conditions
NOI Build-Up for 39,826 SF
Gross rent
$884.1K $22.20/SF
− Vacancy
−$157.4K −$3.95/SF
EGI
$726.8K $18.25/SF
− OpEx
−$181.7K −$4.56/SF
NOI
$545.1K $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%
$10,901,420
Cap Rate 7%
$7,786,729
Cap Rate 9%
$6,056,344
Alternative Uses
Best Use
Office B
$7.79M
$6.81M – $9.08M
NOI $545,071 @ 7.0% cap · market cap 3,406,693.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.51M
$9.19M – $12.26M
NOI $735,507 @ 7.0% cap · market cap 4,596,918.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
325
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 - First-floor space combines private offices, reception, a kitchenette, and a large group training area.
Where is this office unit located?
The property is located at 9 Cornell Road Colonie, NY.
What are key features of this property?
This property features: 5,052 square feet of first‑floor office space; Training room accommodates 30+; Seven private offices, reception, kitchenette, and small bullpen
