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    160 Delaware Ave Delmar, NY 12054
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    160 Delaware Ave, Delmar, NY 12054

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    • Specialty properties
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Roc N Dom's Restaurant / Take-out & Catering
    • Mancuso's Luncheonette / Restaurant
    • Inferno Gym / Gym & Fitness Center
    • Cindy's Academy of Dance / Training Center
    • Delmar Sign Shop / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 160 Delaware Ave

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 160 Delaware Avenue in Delmar, New York, presents a unique opportunity for a single tenant. The property is classified as special purpose land with a single suite totaling approximately 800 square feet, ideal for retail or office use. Situated in the highly desirable Delmar area of Albany County (zip code 12054), this space boasts excellent visibility and ample parking, ensuring convenient access for customers and employees. The building is currently fully leased except for this last available space, offering the chance to join a thriving retail community. The property's location at 42.6274214 latitude and -73.8098102 longitude provides easy access to major transportation routes and a strong customer base. This is a single-tenant occupancy property in a plaza setting. The property type is listed as Special Purpose, Land, with a commercial subtype. Don't miss this chance to secure a prime retail or office space in a bustling and convenient location. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Delmar
    County
    Albany
    State
    New York
    Longitude
    -73.8098
    Latitude
    42.6274

    Comparable in this City

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      5,868 SF

      421 Kenwood Ave

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      6,248 SF

      403 Kenwood Ave

      FUNERAL HOME
      403 Kenwood Ave, Delmar, NY 12054-3248
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    • Value Estimation by Request
      5,360 SF

      741 Delaware Ave

      FUNERAL HOME
      741 Delaware Ave, Delmar, NY 12054-9715
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    • Value Estimation by Request
      5,442 SF

      16 Poplar Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS
      16 Poplar Dr, Delmar, NY 12054-2106
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    • Value Estimation by Request
      4,350 SF

      910 Delaware Ave

      VETERINARY, ANIMAL HOSPITAL
      910 Delaware Ave, Delmar, NY 12054-2400
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    • Value Estimation by Request
      3,744 SF

      88 Delaware Ave

      VETERINARY, ANIMAL HOSPITAL
      88 Delaware Ave, Delmar, NY 12054-1536
      View Details

    Similar Nearby for Lease

    • $795 /Mo
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      Office Space with Rail Trail Access

      Office space available for lease with rail trail access.
      266 Delaware Ave, Bethlehem, NY 12054
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      Modern Office Space Available

      Well-maintained office space in newer building, ideal for professionals.
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    • Contact for pricing

      Delmar Office Suite For Lease

      Office suite for lease in Bethlehem, NY with parking.
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    • $1,425 /Mo
      13,770 SF

      Delmar Business District Suites

      Suites in a highly visible neighborhood center for rent.
      318 Delaware Ave, Bethlehem, NY 12054
      View Details
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    160 Delaware Ave
    Delmar, NY 12054
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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