Flex Building with Fenced
New
For Sale
Contact for pricing
4 Northway Ln, Latham, NY 12110
Single-level office and warehouse configuration includes private yard space for exterior storage or staging.
Property Size15,032 SF
Price / SF$0.00
Days on Market2
Property Features for 4 Northway Ln
General Information
Standard status
Active
Size
15,032 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Year Built
1976
Stories
1
Listing Agency:
Continuum Commercial Realty
Listed By:
Brian Walters · License #30WA0832219
(518) 526-1800
Source:
Albanyprimeproperties
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:12AM
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 Continuum Commercial Realty
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Investment Insights
Based on property information with market context.
This 15,032-square-foot flex building combines six offices and two half baths with an open warehouse area at drive-in level. The one-story layout provides a division between office functions and warehouse space, with a fenced yard as an additional site feature. Built in 1976, the property is located between exits 4 and 5 of I-87.
Key Highlights
- 15,032‑square‑foot flex property
- Six offices and two half baths
- Open warehouse area at drive‑in level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,234
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,784,680
$2.8M
Cap Rate 7%
$1,989,057
$2.0M
Cap Rate 9%
$1,547,044
$1.5M
Market Conditions
NOI Build-Up for 15,032 SF
Gross rent
$225.5K $15.00/SF
− Vacancy
−$11.3K −$0.75/SF
EGI
$214.2K $14.25/SF
− OpEx
−$75.0K −$4.99/SF
NOI
$139.2K $9.26/SF
Area
Albany County, NY
Vacancy
5.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,784,680
Cap Rate 7%
$1,989,057
Cap Rate 9%
$1,547,044
Alternative Uses
Best Use
Warehouse
$2.45M
$2.14M – $2.86M
NOI $171,480 @ 7.0% cap · market cap 1,905,333.33%
Second Best
Industrial
$2.02M
$1.77M – $2.35M
NOI $141,219 @ 7.0% cap · market cap 1,569,100.00%
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $328,345 @ 7.0% cap · market cap 3,648,277.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
298
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
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Single-level office and warehouse configuration includes private yard space for exterior storage or staging.
Where is this flex space located?
The property is located at 4 Northway Ln Latham, NY.
What are key features of this property?
This property features: 15,032‑square‑foot flex property; Six offices and two half baths; Open warehouse area at drive‑in level
