Storefront Retail Building with
532 Delaware Ave, Albany, NY 12209
For Sale
New
Contact for pricing
The former bakery setup includes office and storage areas, with equipment and supplies available as an option.
Property Size1,140 SF
Price / SF$183.33
Days on Market4
Property Features for 532 Delaware Ave
General Information
Standard status
Size
Property subtype
Additional Details
Currently Operating
Amenities
full basement
handicap ramp
shed/storage
Building Details
Year Renovated
Buildings
Listing Agency:
NAI Platform
(518) 465-1400
Listed By:
Cory Tyksinski · License NY #10491200588
(518) 857-8396
Source:
Moodyscre
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:41PM
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 NAI Platform
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Investment Insights
Based on property information with market context.
At 532 Delaware Ave in Albany, this 1,140-square-foot retail building has operated as a specialty-cake bakery. The interior includes two compact office or storage rooms, while a full basement and rear shed provide additional storage. A front-entry accessibility ramp is in place, along with updated plumbing and electrical systems, flooring, heating and air conditioning, a hot water tank, and a stainless-steel hood and vent with an Ansul system.
Bakery equipment, shelving, and catering supplies may be included in a sale, or the property may be transferred without them. The building was renovated in 2017.
Bakery equipment, shelving, and catering supplies may be included in a sale, or the property may be transferred without them. The building was renovated in 2017.
Key Highlights
- 1,140‑square‑foot storefront property at 532 Delaware Ave, Albany, NY 12209
- Full basement and rear storage shed
- Two office or storage rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,795
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,900
$315.9K
Cap Rate 7%
$225,643
$225.6K
Cap Rate 9%
$175,500
$175.5K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$22.6K $19.80/SF
− Vacancy
−$1.5K −$1.33/SF
EGI
$21.1K $18.47/SF
− OpEx
−$5.3K −$4.62/SF
NOI
$15.8K $13.86/SF
Area
Albany, NY
Vacancy
6.70%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$315,900
Cap Rate 7%
$225,643
Cap Rate 9%
$175,500
Alternative Uses
Best Use
Specialty Retail
$225.6K
$197.4K – $263.3K
NOI $15,795 @ 7.0% cap · market cap 7.56%
Second Best
Retail
$196.8K
$172.2K – $229.6K
NOI $13,774 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$300.8K
$263.2K – $350.9K
NOI $21,054 @ 7.0% cap · market cap 10.07%
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
Location Intelligence
Trade Area within ½ mile
516
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
10,385 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
4,264 visits/mo
0.2 miles
American Automobile Association (AAA)
Shops & Services
1,094 visits/mo
0.2 miles
Demographics for 12209, NY
10,231
Population
4,768
Households
2.1
Avg Household Size
37
Median Age
46%
College-Educated
88%
High-School Grad
2.2 sq mi
ZIP Area
4,650
Density / Sq Mi
$81,642
Median Household Income
$51,848
Median Earnings
$1,165
Median Rent
$200,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Albany, NY
Properties on Market for Storefront properties in Albany
Vacancy Rate% for Retail in Albany, NY
Frequently Asked Questions
What type of property is this?
Storefront property - The former bakery setup includes office and storage areas, with equipment and supplies available as an option.
Where is this storefront property located?
The property is located at 532 Delaware Ave Albany, NY.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: 1,140‑square‑foot storefront property at 532 Delaware Ave, Albany, NY 12209; Full basement and rear storage shed; Two office or storage rooms
