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    45 Prospect Ave Albany, NY 12206

    Sponsored
    For Lease
    $6 SF/Yr

    50,000 SF Warehouse - I-90 Access

    Lot size:
    50,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 50,000-square-foot warehouse space is ideally situated in Albany, New York, offering unparalleled convenience with its strategic location off Interstate 90, Exit 5. The property is classified as a Class B industrial building and features a multi-tenant occupancy. The warehouse itself boasts ample space for storage and distribution needs. Beyond the expansive warehouse area, the property includes well-appointed office and conference spaces, providing a comfortable and professional environment for administrative functions. Loading and unloading operations are streamlined with five covered exterior truck docks, each equipped with hydraulic levelers for efficient material handling. For added flexibility, three additional dock doors are located on the opposite side of the building. This property presents a unique opportunity for businesses seeking a functional and strategically located warehouse space in the Albany area. The combination of convenient highway access, substantial warehouse space, and well-equipped office areas makes this an attractive option for a variety of industrial and logistical operations. One space is currently available for lease within this multi-tenant building in Albany County. Contact us today to learn more about leasing this prime industrial property.

    Property Features for 45 Prospect Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,000 SF
    Class
    B

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    50,000 SF
    Rate per SF
    $6

    HighLights

    • 50,000 SF warehouse available for lease.
    • Located near Interstate 90, Exit 5, Albany, NY.
    • Features include nicely appointed office and conference space.
    • Five (5) covered exterior truck docks with hydraulic levelers.
    • Three (3) additional dock doors.
    Property Profile Location Intelligence

    Current Use by Public Records

    F S Marketing ... Marketing Agency Hearing Aid Marketing Marketing Agency Autopart International Auto Body Parts Supplier

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Albany
    State
    New York
    Longitude
    -73.7747981
    Latitude
    42.6748962

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    FAQs

    What type of property is this?
    Distribution property - 50,000 SF Warehouse - I-90 Access
    Where is this distribution property located?
    The property is located at 45 Prospect Ave Albany, NY.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 50,000 SF warehouse available for lease.; Located near Interstate 90, Exit 5, Albany, NY.; Features include nicely appointed office and conference space.
    Request Owner's contact information
    45 Prospect Ave Albany, NY 12206
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    Albany, NY 12206
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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
    45 Prospect Ave Albany, NY 12206
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