48 Corporate Cir, Albany, NY 12203
For Lease
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This brand-new, 93,000-square-foot industrial warehouse, slated for completion in 2024, offers flexible space solutions in Albany, NY. Located at 48 Corporate Circle, with prominent frontage on both Corporate Circle and New Karner Road, this property boasts exceptional visibility and convenient access to major highways and amenities. The building features a single story with a 30-foot clear-span ceiling height, providing ample vertical space for various operational needs. Loading capabilities are robust, with 24 dock-high doors (9x10 feet) and 4 ground-level doors (10x14 feet), with potential for additional ground-level doors. The property includes 50 parking spaces and is equipped with 800-amp electrical service, forced hot air/AC HVAC, and city water/sewer utilities. The space is divisible, with a minimum leasable area of 15,000 square feet and a maximum contiguous space of 93,000 square feet, allowing for customization to suit diverse tenant requirements. The building's construction utilizes high-quality materials, and the C1 zoning allows for a wide range of industrial and manufacturing uses. The warehouse space can be adapted to include office areas based on tenant needs, making it ideal for businesses requiring both warehouse and showroom functionality. This is a build-to-suit opportunity, allowing qualified tenants to tailor the space to their specific operational needs. Contact us today to discuss your build-out plans.
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
CM · Albany, NYAlbany. 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.