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Financial
Distress signals
Property profile

1 Empire Dr Rensselaer, NY 12144

FOR LEASE
Office buildings
Property ID
US63-3897064
60,980 SF 6.51 ac lot Built 2000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$5.00M
Assessed land$116k
Assessed improvement$4.88M

Value estimate

· Oct 2026
$1.73M
$1.56M – $1.90M
Submarket $/SF estimate$1.21M
NOI build-up
Gross scheduled income$1.27M
Vacancy & credit loss−$268k
Operating expenses−$249k
NOI · 4,676,081.25% cap applied$748k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$54/SF
County average, outlier-cleaned · 31 recorded sales of this use type
Observed band · Q1–Q3$32 – $78
Qualifying comparables3

Cap rate analysis

How does the asset earn?
4,676,081.25%
$748k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
OC
JurisdictionRENSSELAER

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand index
Auto Parts Store11.0
Law Firm10.7
Building Supply10.6

Location

1 Empire Dr Rensselaer, NY 12144
County assessor Recorded deeds · not on file 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
620 Washington, Rensselaer, NY 12144-1300 $355,000 Dec 2025 2,364 SF
22 High, Rensselaer, NY 12144-3009 $1,700,000 Sep 2024 116,305 SF
Middle Mannix, Rensselaer, NY 12144 $200,000 Mar 2024 6,193 SF
516 Washington, Rensselaer, NY 12144-1440 $225,000 Feb 2021 2,715 SF
141 Broadway, Rensselaer, NY 12144-2806 $350,000 Jan 2020 7,902 SF
64 Washington, Rensselaer, NY 12144-2735 $20,250,000 Oct 2018 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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