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    Property profile & analytics
    OFF-MARKET Estimated value $1,280,000
    Office buildings

    32 Russell Rd, Colonie, NY 12205-3313

    41,920 SF 2.68 ac lot Built 1960
    Entity Owned 15-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-1072847
    Property summary
    AI-generated overview

    This exceptional three-story executive office building, located at 32 Russell Road in Albany, NY, offers a rare opportunity for businesses seeking premium space. The property boasts a total of 41,920 square feet, with flexible suite sizes ranging from a minimum of 4,002 square feet to a maximum contiguous space of 24,208 square feet. Currently, there are 28,210 square feet of vacant space available, perfect for a single tenant or multiple occupants. Built in 1960 and situated on a generous 2.8-acre lot, the building features convenient amenities including ample parking with 246 spaces and modern elevators. The property benefits from robust 3-phase, 208-volt electrical service, ensuring reliable power for even the most demanding businesses. The building's location in Albany County, with a 12205 zip code, provides excellent access to major transportation routes and a thriving business community. This is an ideal location for companies seeking a prestigious address and functional workspace in the heart of Albany. The property is available for lease and offers a unique opportunity to establish a strong presence in a desirable market. Contact us today to schedule a viewing and explore the possibilities.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1960
    Total area 41,920 SF
    Lot 2.68 ac (116,700 SF)
    Zoning code M1
    APN 010100 53.67-1-4
    UPID US63-1072847
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • NorDutch Technologies, Inc. Tech Support Center (Bike/Boat/Book/etc) Store
    • Murdock Abstract Corporation Title Company
    • Gifford Abstract Corporation Title Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $826k
    Blend (final) Blend
    $1.28M
    Owner & transaction history
    14 Petra LLC · 15 yrs held
    14 Petra LLC
    since 2010
    4 recorded transactions
    2020
    2010
    $2.8M
    1969
    1969
    Zoning & alternative use
    M1 · Colonie, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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