Entity Owned 
For Lease
$16 SF/Yr
180 Delaware Ave, Delmar, NY 12054
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Property summary
AI-generated overview
Delaware Plaza, located at 180 Delaware Ave, Delmar, NY 12054, presents a fantastic retail opportunity in Albany County. This multi-tenant property offers a total of 160,000 square feet of retail space, with five individual suites available. The minimum divisible space is 1,600 square feet, while the maximum contiguous space available is 5,229 square feet. Currently, 16,649 square feet are vacant, providing a significant opportunity for expansion or new businesses. The property boasts ample parking for customers and employees, ensuring convenient access. The building's design allows for abundant natural light, creating an inviting atmosphere for shoppers. This high-visibility location in the thriving Delmar community offers exceptional potential for businesses seeking a strong presence in a busy commercial area. The property is ideally suited for a variety of retail or service businesses seeking spaces ranging from smaller boutiques to larger operations. Its convenient location and ample parking make it an attractive option for both businesses and their customers. This is a rare opportunity to secure prime retail space in a desirable location.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1950
Total area
44,097 SF
Lot
9 ac (392,040 SF)
Zoning code
CH
APN
012200 86.10-1-8
UPID
US63-2327149
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hair Salon Nail Salon
-
Restaurant
-
Specialty Food Shop Wine and Liquor Store
-
Daycare Center
-
Real Estate Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
since 2017
1 recorded transaction
Zoning & alternative use
CH · Delmar, NY
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$640k
Value range
$576k – $704k
±10% around blend
Estimated value / SF
$15 / SF
Confidence
Property data
88
Comparable evidence
60
Income certainty
100
$576k
blend $640k
$704k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
44,097 SF
Lot area
9 ac
Year built
1950
Stories
1
APN
012200 86.10-1-8
Zoning
CH
Assessed value
$9,500,000
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$640k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$29.14M
Move the market yield to see immediate price impact.
Value / SF
$661
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.84M
$36.72M
$26.23M
$20.40M
$2.04M
$40.80M
$29.14M
$22.67M
$2.24M
$44.88M
$32.06M
$24.93M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Property tax & assessments
Assessed value
$9,500,000
Assessed 2023
Previous assessed
$9,500,000
+0.0% YoY
Assessed land
$1,175,000
Assessed improvement
$8,325,000
Land market value
$1,566,667
Improvement market value
$11,100,000
Total market value
$12,666,667
Applied tax rate
12,206.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1950
Heating
NONE
Cooling
CENTRAL
Buildings
4
Stories
1
Total area
44,097 SF
Lot
9 ac (392,040 SF)
Zoning code
CH
APN
012200 86.10-1-8
UPID
US63-2327149
Jurisdiction
ALBANY
Zoning & alternative use
CH · Delmar, NYZoning CH · permitted uses
CH · Delmar, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1950
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
9 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CH
Jurisdiction
Delmar, NY
Recorded code
CH
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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