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Property profile & analytics
FOR LEASE
Investment properties
205 Delaware Ave, Delmar, NY 12054
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3499809
For Lease
1 / 49
$850/Mo
205 Delaware Ave, Delmar, NY 12054
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1969
Total area
3,264 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CH
APN
012200 86.05-5-49
UPID
US63-3499809
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Matthew Reilly Real Estate Agent Garden Center
-
Julia Rosen - Berkshire Hathaway Real Estate Real Estate Agency
-
Colin McDonald, Berkshire Hathaway Blake Real Estate Agency
-
Leon Levy Licensed Associate Real Estate Broker, Berkshire Hathaway HomeServices Real Estate Agency
-
Realtor Ursula Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
$495k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$640k
Owner & transaction history
Mmj9615 LLC · 1 yrs held
Mmj9615 LLC
since 2025
Last sale
$717,500
2 recorded transactions
Zoning & alternative use
CH · Delmar, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Delmar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Delmar submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$660,000
ML approach
$615,000
CAP Approach
CAP Return
Estimation
6%
$540,000
6.5%
$495,000
7%
$460,000
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $718k (Feb 5 2025)
Last sale anchor
$718k
Feb 5 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$196 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$342,000
Assessed 2023
Previous assessed
$342,000
+0.0% YoY
Assessed land
$188,000
Assessed improvement
$154,000
Land market value
$250,667
Improvement market value
$205,333
Total market value
$456,000
Applied tax rate
12,206.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1969
Heating
NONE
Buildings
1
Stories
2
Total area
3,264 SF
Lot
0.38 ac (16,553 SF)
Zoning code
CH
APN
012200 86.05-5-49
UPID
US63-3499809
Jurisdiction
ALBANY
Zoning & alternative use
CH · Delmar, NY
Zoning CH · permitted uses
CH · Delmar, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Delmar. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Stories
2
Buildings
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Mmj9615 LLC
Entity
Mailing address
8 AIRLINE DR STE #104, ALBANY, NY 12205-1029
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2025
$717,500
Mmj9615 LLC
Cljb Properties LLC
Warranty Deed
$574,400 · Nbt Bank National Association
—
—
Blake Realty INC
—
Loan Modification
related
$400,000 · Rbs Citizens NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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