Property profile

24 Computer Dr W Albany, NY 12205

FOR LEASE
Office buildings
Property ID
US63-2084112
21,494 SF 1.9 ac lot Built 1980
Entity Owned 8-yr Hold Free & Clear
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24 Computer Dr W, Albany, NY 12205 For Lease
$670,000 21,271 SF available
24 Computer Dr W, Albany, NY 12205
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Property summary

AI-generated overview

Computer Park offers 11,205 square feet of immediately available office space in a two-building campus located at 24 Computer Dr W, Albany, NY 12205. This Class B property, built in 1980, features a total of 21,271 square feet across one-story buildings. Suites range from a minimum of 300 square feet to a maximum contiguous space of 11,205 square feet, making it ideal for businesses of various sizes. The property boasts 80 total parking spaces for tenant and visitor convenience. The location is highly desirable, situated directly off the Wolf Road Corridor in Colonie, offering high visibility and easy access to Albany International Airport, major highways, and numerous amenities including restaurants, hotels, shopping, and parks. Its central location provides convenient commutes to Downtown Albany, Troy, Schenectady, and Saratoga Springs. While elevators are not available, the single-story design ensures easy accessibility. The property is professionally managed and maintained, providing a prestigious address in the Capital Region. Multiple tenancy is available.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 21,494 SF
Lot 1.9 ac (82,764 SF)
Zoning code 12
APN 012689 42.1-1-34
UPID US63-2084112

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
  • Title Company
  • Public Health Department
  • Physician
  • Physician

Location

24 Computer Dr W Albany, NY 12205
Albany metro Census 13703 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
$424k
Blend (final) Blend
$670k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2009
$1.3M

Zoning & alternative use

12 · Albany, 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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