Class A Office
New
For Sale
Contact for pricing
29 British American Blvd, Latham, NY 12309
Office space in Airport Park offers convenient connections to Albany International Airport and I-87.
Property Size35,424 SF
Price / SF$0.00
Days on Market6
Property Features for 29 British American Blvd
General Information
Standard status
Active
Size
35,424 SF
Class
Class A
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Office
Building Details
Year Built
2003
Listing Agency:
M J J Realty
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Oct 24
Changed: Oct 28
Last Checked: Oct 28 at 8:22AM
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 M J J Realty
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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.
Office units at 29 British American Boulevard provide 16,371 square feet of Class A space. The property was built in 2003 and is located in Airport Park in Latham.
Albany International Airport is nearby, with access to I-87 and the Capital Region’s major highways. The office setting serves businesses seeking space in the Latham area.
Albany International Airport is nearby, with access to I-87 and the Capital Region’s major highways. The office setting serves businesses seeking space in the Latham area.
Key Highlights
- 16,371 SF of Class A office space
- Located in Airport Park in Latham
- Near Albany International Airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$596,887
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,937,740
$11.9M
Cap Rate 7%
$8,526,957
$8.5M
Cap Rate 9%
$6,632,078
$6.6M
Market Conditions
NOI Build-Up for 35,424 SF
Gross rent
$935.2K $26.40/SF
− Vacancy
−$139.3K −$3.93/SF
EGI
$795.8K $22.47/SF
− OpEx
−$199.0K −$5.62/SF
NOI
$596.9K $16.85/SF
Area
Schenectady County, NY
Vacancy
14.90%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,937,740
Cap Rate 7%
$8,526,957
Cap Rate 9%
$6,632,078
Alternative Uses
Best Use
Office B
$8.53M
$7.46M – $9.95M
NOI $596,887 @ 7.0% cap · market cap 3,141,510.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.60M
$9.28M – $12.37M
NOI $742,204 @ 7.0% cap · market cap 3,906,336.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
592
Businesses Nearby
Explore this area
Business Placement
Demographics for 12309, NY
31,273
Population
13,623
Households
2.3
Avg Household Size
43
Median Age
59%
College-Educated
97%
High-School Grad
17.6 sq mi
ZIP Area
1,777
Density / Sq Mi
$119,830
Median Household Income
$68,167
Median Earnings
$1,472
Median Rent
$301,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office space in Airport Park offers convenient connections to Albany International Airport and I-87.
Where is this office unit located?
The property is located at 29 British American Blvd Latham, NY.
What are key features of this property?
This property features: 16,371 SF of Class A office space; Located in Airport Park in Latham; Near Albany International Airport
