Retail
For Sale
Contact for pricing
154 Delaware Avenue, Bethlehem, NY 12054
Retail premises are available along Delaware Avenue in Delmar, in a building constructed in 1957.
Property Size9,300 SF
Days on Market109
Property Features for 154 Delaware Avenue
General Information
Standard status
Active
Size
9,300 SF
Property subtype
Retail
Building Details
Year Built
1957
Listing Agency:
Realty One Group Key
(518) 630-5360
Listed By:
Teresa R Gitto · License #10401255608
(518) 225-3689
Source:
Simplywoodardrealestate
Added: Jul 17
Changed: Nov 1
Last Checked: Nov 1 at 3:46PM
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 Realty One Group Key
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Retail space is offered at 154 Delaware Avenue in Delmar, New York. The building was constructed in 1957 and has a reported property size of 9,300 square feet. Approximately 5,500 square feet of retail area is available for lease.
Key Highlights
- Approximately 5,500 square feet of retail space available for lease
- Reported property size of 9,300 square feet
- Building constructed in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,258
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,245,160
$2.2M
Cap Rate 7%
$1,603,686
$1.6M
Cap Rate 9%
$1,247,311
$1.2M
Market Conditions
NOI Build-Up for 9,300 SF
Gross rent
$167.4K $18.00/SF
− Vacancy
−$7.0K −$0.76/SF
EGI
$160.4K $17.24/SF
− OpEx
−$48.1K −$5.17/SF
NOI
$112.3K $12.07/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,245,160
Cap Rate 7%
$1,603,686
Cap Rate 9%
$1,247,311
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.87M
NOI $112,258 @ 7.0% cap · market cap 11,225,800.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.90M
$2.54M – $3.39M
NOI $203,141 @ 7.0% cap · market cap 20,314,100.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
601
Businesses Nearby
102k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 39%
Groceries 27%
Dining 26%
Electronics 4%
Hannaford
Groceries
27,787 visits/mo
0.0 miles
McDonald's
Dining
13,313 visits/mo
0.1 miles
Hoffman Car Wash
Shops & Services
11,528 visits/mo
0.4 miles
Dollar Tree
Shops & Services
10,857 visits/mo
0.1 miles
Dunkin' Donuts
Dining
9,860 visits/mo
0.4 miles
Demographics for 12054, NY
17,282
Population
7,221
Households
2.4
Avg Household Size
46
Median Age
68%
College-Educated
98%
High-School Grad
15.5 sq mi
ZIP Area
1,115
Density / Sq Mi
$128,684
Median Household Income
$69,853
Median Earnings
$1,658
Median Rent
$334,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Retail premises are available along Delaware Avenue in Delmar, in a building constructed in 1957.
Where is this retail space located?
The property is located at 154 Delaware Avenue Bethlehem, NY.
What are key features of this property?
This property features: Approximately 5,500 square feet of retail space available for lease; Reported property size of 9,300 square feet; Building constructed in 1957
