Leased Flex Space with
For Sale
$1,143,625
49 Sicker Road, Latham, NY 12110
Fully leased office-and-warehouse property with dock and grade-level loading access.
Property Size11,250 SF
Price / SF$101.66
Days on Market136
Property Features for 49 Sicker Road
General Information
Standard status
Active
Size
11,250 SF
Property subtype
Industrial
Occupancy
100%
Amenities
dock doors
grade doors
Building Details
Buildings
1
Building Size
11,250 SF
Tenancy
Single
Owner Occupied
No
Listing Agency:
CBRE | Albany
Listed By:
Dan Davitt · License #Associate Real Estate Broker
(518) 312-7171
Source:
Cbre
Added: Jun 2
Changed: Oct 6
Last Checked: Oct 14 at 8:59PM
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 CBRE | Albany
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Investment Insights
Based on property information with market context.
This flex space combines office and warehouse functions within an approximately 11,250-square-foot building. The facility includes multiple dock doors and grade-level doors, supporting a range of receiving, storage, and operational needs.
The property is fully leased to Eckert Mechanical, an area mechanical contractor serving the Northeast since 1987. Located at 49 Sicker Road in Latham, NY, the asset offers an existing income-producing configuration with both office and industrial components.
The property is fully leased to Eckert Mechanical, an area mechanical contractor serving the Northeast since 1987. Located at 49 Sicker Road in Latham, NY, the asset offers an existing income-producing configuration with both office and industrial components.
Key Highlights
- Approximately 11,250 SF combination office/warehouse building
- Fully leased to Eckert Mechanical
- Multiple dock doors and grade doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,203
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,084,060
$2.1M
Cap Rate 7%
$1,488,614
$1.5M
Cap Rate 9%
$1,157,811
$1.2M
Market Conditions
NOI Build-Up for 11,250 SF
Gross rent
$168.8K $15.00/SF
− Vacancy
−$8.4K −$0.75/SF
EGI
$160.3K $14.25/SF
− OpEx
−$56.1K −$4.99/SF
NOI
$104.2K $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%
$2,084,060
Cap Rate 7%
$1,488,614
Cap Rate 9%
$1,157,811
Alternative Uses
Best Use
Office B
$2.48M
$2.17M – $2.90M
NOI $173,745 @ 7.0% cap · market cap 15.19%
Second Best
Warehouse
$1.83M
$1.60M – $2.14M
NOI $128,336 @ 7.0% cap · market cap 11.22%
Theoretical Best
Office A
$3.51M
$3.07M – $4.10M
NOI $245,735 @ 7.0% cap · market cap 21.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
402
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Fully leased office-and-warehouse property with dock and grade-level loading access.
Where is this flex space located?
The property is located at 49 Sicker Road Latham, NY.
What is the asking price?
The asking price for this property is $1,143,625.
What are key features of this property?
This property features: Approximately 11,250 SF combination office/warehouse building; Fully leased to Eckert Mechanical; Multiple dock doors and grade doors
