Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

2 Empire Dr Rensselaer, NY 12144

FOR LEASE
Office buildings
Property ID
US63-0510221
40,000 SF 6.6 ac lot Built 2001
Last sale Mar 2016
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon
2 Empire Dr, Rensselaer, NY 12144 For Lease
$14.50 SF/Yr 8,596 SF available
2 Empire Dr, Rensselaer, NY 12144
View Listing

Property summary

AI-generated overview

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…

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$3.36M
Assessed land$117k
Assessed improvement$3.24M

Value estimate

· Oct 2026
$1.21M
$1.09M – $1.33M
Submarket $/SF estimate$811k
NOI build-up
Gross scheduled income$178k
Vacancy & credit loss−$38k
Operating expenses−$35k
NOI · 727,351.72% cap applied$105k

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?
727,351.72%
$105k 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: Building Supply
Demand index
Building Supply11.5
Law Firm11.4
Auto Parts Store11.0

Location

2 Empire Dr Rensselaer, NY 12144
County assessor Recorded deeds · 1 transfer 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
Try Rey
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
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved
Reason not saved — we won't ask again