Private Office
For Sale
Contact for pricing
266 Delaware Avenue Suite 6, Bethlehem, NY 12054
The suite includes an open work area, a conference room, and a separate private office.
Property Size11,680 SF
Price / SF$0.07
Days on Market203
Property Features for 266 Delaware Avenue Suite 6
General Information
Standard status
Active
Size
11,680 SF
Property subtype
Retail
Additional Details
Condition
Built-Out
Road Access
Yes
Property Use
Office
Amenities
Albany County Rail Trail
Building Details
Year Built
1950
Abandoned
No
Listing Agency:
Blue House Companies LLC
(518) 290-7611
Listed By:
Peter Tryon · License #10491209962
(518) 598-4000
Source:
Simplywoodardrealestate
Added: Apr 13
Changed: Nov 1
Last Checked: Nov 1 at 3:36PM
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 Blue House Companies LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 6 is configured with an open area, a conference room, and a private office within an office property built in 1950. The 11,680-square-foot property offers a defined mix of collaborative and private work areas.
The suite has direct access to the Albany County Rail Trail and signage on Delaware Avenue. Parking is available on site.
The suite has direct access to the Albany County Rail Trail and signage on Delaware Avenue. Parking is available on site.
Key Highlights
- Suite 6 has an open area, conference room, and private office
- Direct access to the Albany County Rail Trail
- Signage on Delaware Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$180,386
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,607,720
$3.6M
Cap Rate 7%
$2,576,943
$2.6M
Cap Rate 9%
$2,004,289
$2.0M
Market Conditions
NOI Build-Up for 11,680 SF
Gross rent
$308.4K $26.40/SF
− Vacancy
−$67.8K −$5.81/SF
EGI
$240.5K $20.59/SF
− OpEx
−$60.1K −$5.15/SF
NOI
$180.4K $15.44/SF
Area
Albany County, NY
Vacancy
22.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,607,720
Cap Rate 7%
$2,576,943
Cap Rate 9%
$2,004,289
Alternative Uses
Best Use
Office B
$2.58M
$2.25M – $3.01M
NOI $180,386 @ 7.0% cap · market cap 22,690.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.64M
$3.19M – $4.25M
NOI $255,127 @ 7.0% cap · market cap 32,091.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes an open work area, a conference room, and a separate private office.
Where is this office unit located?
The property is located at 266 Delaware Avenue Suite 6 Bethlehem, NY.
What are key features of this property?
This property features: Suite 6 has an open area, conference room, and private office; Direct access to the Albany County Rail Trail; Signage on Delaware Avenue
