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    FOR LEASE
    Warehouses

    45 Prospect Ave, Albany, NY 12206

    123,952 SF 11 ac lot Built 1940
    Entity Owned 25-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-0524150
    Property summary
    AI-generated overview

    This exceptional 50,000-square-foot warehouse space is ideally situated in Albany, New York, offering unparalleled convenience with its strategic location off Interstate 90, Exit 5. The property is classified as a Class B industrial building and features a multi-tenant occupancy. The warehouse itself boasts ample space for storage and distribution needs. Beyond the expansive warehouse area, the property includes well-appointed office and conference spaces, providing a comfortable and professional environment for administrative functions. Loading and unloading operations are streamlined with five covered exterior truck docks, each equipped with hydraulic levelers for efficient material handling. For added flexibility, three additional dock doors are located on the opposite side of the building. This property presents a unique opportunity for businesses seeking a functional and strategically located warehouse space in the Albany area. The combination of convenient highway access, substantial warehouse space, and well-equipped office areas makes this an attractive option for a variety of industrial and logistical operations. One space is currently available for lease within this multi-tenant building in Albany County. Contact us today to learn more about leasing this prime industrial property.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1940
    Total area 123,952 SF
    Lot 11 ac (479,160 SF)
    Zoning code M1
    APN 010100 65.5-1-3
    UPID US63-0524150
    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
    • F S Marketing Services Advertising Agency Marketing & Advertising
    • Hearing Aid Marketing Advertising Agency Marketing & Advertising
    • Autopart International Auto Parts Store (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $3.00M
    Blend (final) Blend
    $2.40M
    Owner & transaction history
    NEWMAN COURT REALTY INC
    NEWMAN COURT REALTY INC
    Zoning & alternative use
    M1 · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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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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