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
Entity Owned 10-yr Hold Free & Clear
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2 Empire Dr, Rensselaer, NY 12144 For Lease
$15.50 SF/Yr 40,000 SF available
2 Empire Dr, Rensselaer, NY 12144
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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 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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2001
Total area 40,000 SF
Lot 6.6 ac (287,496 SF)
Zoning code OC
APN 382400 155.-4-7.2
UPID US63-0510221

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
  • Physician
  • Physician
  • Physician
  • Physician
  • Medical Clinic

Location

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$811k
Blend (final) Blend
$1.21M

Owner & transaction history

since 2016
1 recorded transaction
2016
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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