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 Free & Clear
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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 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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Charitable Organization Social Service Agency
  • Financial Advisor
  • (Bike/Boat/Book/etc) Store Printing Service
  • Insurance Agency

Location

1 Empire Dr Rensselaer, NY 12144
Rensselaer metro Census 52406 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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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

Zoning & alternative use

OC · Rensselaer, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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