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Property profile & analytics
FOR LEASE
Office buildings

1 Empire Dr Rensselaer, NY 12144

60,980 SF 6.51 ac lot Built 2000
Entity Owned Free & Clear
Property ID
US63-3897064
Property summary
AI-generated overview

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 profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2000
Total area 60,980 SF
Lot 6.51 ac (283,576 SF)
Zoning code OC
APN 382400 155.-4-7.1
UPID US63-3897064
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • DataGen (Bike/Boat/Book/etc) Store Corporate Office
  • Healthcare Association of New York State (HANYS) Charitable Organization Social Service Agency
  • TruePlan Benefit and Retirement Advisors Financial Advisor
  • HANYS Printing Services (Bike/Boat/Book/etc) Store Printing Service
  • Strategic Benefit Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.21M
Blend (final) Blend
$1.73M
Owner & transaction history
RENSSELAER COUNTY IDA
RENSSELAER COUNTY IDA
Zoning & alternative use
OC · Rensselaer, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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