Flex Space with Loading Dock
38 Hudson Ave, Delmar, NY 12054
For Sale
Contact for pricing
Office and showroom areas accompany an open, adaptable interior.
Property Size4,920 SF
Lot Size0.35 Acres
Price / SF$141.26
Days on Market8
Property Features for 38 Hudson Ave
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Warehouse & Industrial
Clear Height
Dock-High Doors
Additional Details
Asking Price
Utilities to Site
Property Use
Listing Agency:
TITAN Commercial Realty Group LLC
Listed By:
Todd J. Drowlette · License NY #10491200889
(518) 400-0668
Source:
Crexi
Added: Nov 3
Changed: Nov 9
Last Checked: Nov 10 at 7:45AM
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 TITAN Commercial Realty Group LLC
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Investment Insights
Based on property information with market context.
This 4,920 SF flex property combines office and showroom areas with an open interior. The 0.35-acre parcel includes parking for approximately 15 vehicles and access to public utilities. Building features include approximately 18-foot ceilings and a 12-foot overhead door equipped with a loading dock lift.
The property is just off Delaware Ave, with downtown Albany and I-787 and I-87 a short drive away. Its layout is identified for potential flex, retail, or studio use.
The property is just off Delaware Ave, with downtown Albany and I-787 and I-87 a short drive away. Its layout is identified for potential flex, retail, or studio use.
Key Highlights
- 4,920 SF building with office and showroom areas
- Approximately 18‑foot ceilings
- 12‑foot overhead door with loading dock lift
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,126
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,122,520
$1.1M
Cap Rate 7%
$801,800
$801.8K
Cap Rate 9%
$623,622
$623.6K
Market Conditions
NOI Build-Up for 4,920 SF
Gross rent
$70.8K $14.40/SF
− Vacancy
−$4.8K −$0.98/SF
EGI
$66.0K $13.42/SF
− OpEx
−$9.9K −$2.01/SF
NOI
$56.1K $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%
$1,122,520
Cap Rate 7%
$801,800
Cap Rate 9%
$623,622
Alternative Uses
Best Use
Warehouse
$801.8K
$701.6K – $935.4K
NOI $56,126 @ 7.0% cap · market cap 8.08%
Second Best
Industrial
$660.3K
$577.8K – $770.4K
NOI $46,221 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,468 @ 7.0% cap · market cap 15.46%
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
18 ft
Clear height
1
Dock-high doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
Under-served
Demand for This Use
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
$334,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Albany County, NY
Properties on Market for Flex space in Albany County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Office and showroom areas accompany an open, adaptable interior.
Where is this flex space located?
The property is located at 38 Hudson Ave Delmar, NY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 4,920 SF building with office and showroom areas; Approximately 18‑foot ceilings; 12‑foot overhead door with loading dock lift
