Office and Warehouse Flex
For Sale
Contact for pricing
6 British American Boulevard, Latham, NY 12110
Office suite includes five private offices, open work area, break room, and shared bathrooms, with a warehouse area available.
Property Size72,967 SF
Price / SF$0.00
Days on Market198
Property Features for 6 British American Boulevard
General Information
Standard status
Active
Size
72,967 SF
Property subtype
Commercial
Building Details
Year Built
1981
Listing Agency:
Hanna Commercial
Listed By:
Jessica L Richer · License #10301202070
(518) 364-7406
Source:
Signatureonerealtygroup
Added: Apr 6
Changed: Oct 19
Last Checked: Oct 19 at 10:08AM
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 Hanna Commercial
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Investment Insights
Based on property information with market context.
This flex-style facility includes approximately 6,000 SF of office space configured with five private offices plus an open area for the remainder of the space. The common area features a staff break room and shared bathrooms. Tenant pays utilities and janitorial services.
An additional 13,000 SF of warehouse space is available for lease, providing room for storage and operations alongside the office component. The property is located at 6 British American Blvd in Latham, NY.
An additional 13,000 SF of warehouse space is available for lease, providing room for storage and operations alongside the office component. The property is located at 6 British American Blvd in Latham, NY.
Key Highlights
- Approximately 6,000 SF office space with five private offices and the remainder as open work area
- Includes staff break room and shared bathrooms in the common space
- Tenant pays utilities and janitorial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$675,857
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,517,140
$13.5M
Cap Rate 7%
$9,655,100
$9.7M
Cap Rate 9%
$7,509,522
$7.5M
Market Conditions
NOI Build-Up for 72,967 SF
Gross rent
$1.09M $15.00/SF
− Vacancy
−$54.7K −$0.75/SF
EGI
$1.04M $14.25/SF
− OpEx
−$363.9K −$4.99/SF
NOI
$675.9K $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%
$13,517,140
Cap Rate 7%
$9,655,100
Cap Rate 9%
$7,509,522
Alternative Uses
Best Use
Office B
$16.10M
$14.09M – $18.78M
NOI $1,126,902 @ 7.0% cap · market cap 9,390,850.00%
Second Best
Warehouse
$11.89M
$10.40M – $13.87M
NOI $832,384 @ 7.0% cap · market cap 6,936,533.33%
Theoretical Best
Office A
$22.77M
$19.92M – $26.56M
NOI $1,593,823 @ 7.0% cap · market cap 13,281,858.33%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
375
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 - Office suite includes five private offices, open work area, break room, and shared bathrooms, with a warehouse area available.
Where is this flex space located?
The property is located at 6 British American Boulevard Latham, NY.
What are key features of this property?
This property features: Approximately 6,000 SF office space with five private offices and the remainder as open work area; Includes staff break room and shared bathrooms in the common space; Tenant pays utilities and janitorial
