32 Russell Rd, Colonie, NY 12205-3313
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.
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NorDutch Technologies, Inc. Tech Support Center (Bike/Boat/Book/etc) Store
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Murdock Abstract Corporation Title Company
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Gifford Abstract Corporation Title Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
M1 · Colonie, NYColonie. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.