Freestanding Office/Warehouse Facility For
For Sale
$4,100,000
138 Sicker Road, Latham, NY 12110
27,698 SF office/warehouse with loading docks and fenced yard.
Property Size27,958 SF
Lot Size2.00 Acres
Price / SF$146.65
Days on Market153
Property Features for 138 Sicker Road
General Information
Standard status
Active
Size
27,958 SF
Lot size
2.00 Acres
Property subtype
Industrial
Building Details
Building Size
27,958 SF
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: May 8
Changed: Sep 4
Last Checked: Oct 5 at 3:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pyramidbrokerage
Investment Insights
Based on property information with market context.
This freestanding office/warehouse facility offers approximately 27,698 square feet of space on a site of approximately 2 acres. The building includes approximately 9,205 square feet of office space and approximately 18,493 square feet of warehouse space. The warehouse features ceiling heights of approximately 14 to 16 feet. Loading and access are facilitated by two 10’ x 10’ loading docks, four 12’ x 14’ overhead doors at grade, one 8’ x 10’ overhead door at grade, and one additional 10’ x 10’ overhead door at grade. The property also includes a fenced yard with outside storage. The electrical service is 400 amp/208 volt. The warehouse is equipped with two two-ton cranes.
Key Highlights
- Freestanding office/warehouse facility totaling ±27,698 SF.
- Large ±2 acre site with fenced yard and outside storage.
- Substantial warehouse space of ±18,493 SF.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$318,936
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,378,720
$6.4M
Cap Rate 7%
$4,556,229
$4.6M
Cap Rate 9%
$3,543,733
$3.5M
Market Conditions
NOI Build-Up for 27,958 SF
Gross rent
$402.6K $14.40/SF
− Vacancy
−$27.4K −$0.98/SF
EGI
$375.2K $13.42/SF
− OpEx
−$56.3K −$2.01/SF
NOI
$318.9K $11.41/SF
Area
Albany County, NY
Vacancy
6.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,378,720
Cap Rate 7%
$4,556,229
Cap Rate 9%
$3,543,733
Alternative Uses
Best Use
Warehouse
$4.56M
$3.99M – $5.32M
NOI $318,936 @ 7.0% cap · market cap 7.78%
Second Best
Industrial
$3.75M
$3.28M – $4.38M
NOI $262,653 @ 7.0% cap · market cap 6.41%
Theoretical Best
Office A
$8.72M
$7.63M – $10.18M
NOI $610,689 @ 7.0% cap · market cap 14.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
143
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12110, NY
19,682
Population
8,269
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
1,376
Density / Sq Mi
$101,839
Median Household Income
$53,658
Median Earnings
$1,431
Median Rent
$306,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- Room To Spare Storage — 151 Wade Rd, Latham, NY 12110
- A Metro Self Storage — 889 Troy-Schenectady Rd, Latham, NY 12110
Frequently Asked Questions
What type of property is this?
Warehouse - 27,698 SF office/warehouse with loading docks and fenced yard.
Where is this warehouse located?
The property is located at 138 Sicker Road Latham, NY.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Freestanding office/warehouse facility totaling ±27,698 SF.; Large ±2 acre site with fenced yard and outside storage.; Substantial warehouse space of ±18,493 SF.
