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    1 Empire Dr Rensselaer, NY 12144

    For Lease
    $17 SF/Yr

    60,980 SF Office Building, 30,164 SF Available

    Lot size:
    60,980 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional two-story, Class B office building, totaling 60,980 square feet, presents a unique opportunity in Rensselaer, NY. Located at 1 Empire Drive, this property boasts a highly desirable location with convenient access to Interstate 90, less than a mile from exit 9. The building features a single suite encompassing the entire structure, currently offering 30,164 square feet of immediately available space. This versatile space is adaptable to various office configurations, catering to diverse business needs. The property sits on a substantial 6.51-acre lot, zoned for Corporate Office/Regional Commercial District use. Building amenities include elevators. The building's modern design and excellent maintenance are evident throughout. Its strategic location within a thriving commercial corridor, near the Tech Valley Corporate Park, places it in close proximity to prominent businesses such as HANYS, Regeneron, and FedEx, as well as several medical practices. This presents an unparalleled chance to establish a presence in a dynamic and rapidly growing area. The property's size and flexibility make it ideal for a large single tenant or a potential multi-tenant configuration. Inquire today to explore the possibilities.

    Property Features for 1 Empire Dr

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    60,980 SF
    Class
    B
    Total Rate
    88929.17

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    1 Empire Drive
    Size
    30,164 SF
    Rate per SF
    $17

    HighLights

    • High‑visibility frontage on I‑90, less than one mile from Exit 9.
    • Modern, well‑maintained building.
    • Highly adaptable floor plan suitable for diverse tenants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DataGen Software Company Healthcare Association of New ... Non-Profit Organization TruePlan Benefit and Retirement ... Financial Consultant HANYS Printing Services Print Shop Strategic Benefit Services Insurance Broker

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    Rensselaer
    State
    New York
    Longitude
    -73.7041135
    Latitude
    42.6328004

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    FAQs

    What type of property is this?
    Office space - 60,980 SF Office Building, 30,164 SF Available
    Where is this office space located?
    The property is located at 1 Empire Dr Rensselaer, NY.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: High-visibility frontage on I-90, less than one mile from Exit 9.; Modern, well-maintained building.; Highly adaptable floor plan suitable for diverse tenants.
    Request Owner's contact information
    1 Empire Dr Rensselaer, NY 12144
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    Realmo Value Estimation

    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.

    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.

    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
    1 Empire Dr Rensselaer, NY 12144
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