2 Empire DrRensselaer, NY 12144

Property Details for 2 Empire Dr

Year built

2001

Lot size

6.60 AC

Property size (Sq ft)

40,000 SF

Zone code

OC

Property type

Office properties

Property subtype

Office buildings

APN

382400 155.-4-7.2

APU

382400155472

Description

This exceptional office property at 2 Empire Drive in Rensselaer, NY, offers a total of 40,000 square feet of traditional office space across two stories. Currently, 8,596 square feet of contiguous space is available for lease, divisible into smaller units with a minimum of 4,000 square feet. Two suites are immediately available: one approximately 4,596 square feet and another approximately 4,000 square feet. These suites can be combined to create a larger space totaling approximately 8,596 square feet, ideal for expanding businesses. The building boasts a 9-foot ceiling height throughout, providing ample space and a modern feel. Conveniently located with frontage on I-90, the property also features 200 parking spaces and elevators for easy access. The building's address is 2 Empire Drive, Rensselaer, NY 12144. This location offers excellent visibility and accessibility for employees and clients alike. The available space is perfect for a variety of office uses, including medical practices, though one suite is particularly well-suited for non-medical tenants. Inquire today to learn more about leasing opportunities.

• CAP approach

  CAP return

  Valuation

  6%

  $9,936,620

  6.5%

  $9,172,265

  7%

  $8,517,103

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,261,530

  Geo Method

  $5,226,400

• Alternative Use

  Use

  Valuation

  Residential

  $11,373,608

  Hospitality

  $10,418,164

  Educational

  $8,667,790

  Medical

  $8,965,889

  Retail

  $13,483,229

Location Insight

City

Rensselaer

County

Rensselaer

State

New York

Latitude

42.6307

Longitude

-73.7031

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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