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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    250 Delaware Ave Delmar, NY 12054

    • Medical offices
    • 49,036 SF
    • 1.84 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    $1,010,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2867919
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Community Care General Surgery-Delmar / Surgical Center
    • Laura W. Scordino, MD / Doctor / Hand Surgeon
    • Capital District Pediatric Dentistry / Dental Clinic
    • Jacqueline E. Bredwood, PA / Physician Assistant
    • Andrew J. Robinson, MD / Ophthalmologist

    Property Details for 250 Delaware Ave

    Year built
    2012
    Lot size
    1.84 lot acres
    Property size
    49,036 SF
    Zone code
    CH
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    012200 86.09-4-12
    APU
    122008609412

    Description

    This exceptional Class A medical office building, located at 250 Delaware Avenue in Albany County, offers a prime opportunity for medical practices seeking flexible and modern space. The 48,000 square foot building features two suites, with up to 6,217 contiguous square feet available for lease. Currently, 12,217 square feet is vacant and can be subdivided to accommodate tenants needing a minimum of 6,000 square feet. The property boasts ample parking, ensuring convenient access for patients and staff. The building is ADA handicap accessible, demonstrating a commitment to inclusivity. For those seeking to customize their space, a generous build-out allowance is available to help create the perfect environment for your practice. This is an ideal location for medical professionals seeking a high-quality, well-maintained building in a desirable area. The multiple tenancy structure allows for a diverse range of medical practices to coexist, creating a vibrant and collaborative atmosphere. Don't miss this chance to secure your ideal medical office space in this exceptional building. Contact us today to learn more about leasing options and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,383,000
      Market price range: $536k - $2.04M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,185,000
      Current use
      WAREHOUSE, STORAGE
      $1,270,000
      Change: +7% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $1,125,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Delmar
    County
    Albany
    State
    New York
    Longitude
    -73.8204
    Latitude
    42.6259
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $380,000
    $6,532,150
    $6,912,150
    -
    $506,667
    $8,709,533
    $9,216,200

    Comparable in this City

    • Value Estimation by Request
      3,184 SF

      204 Delaware Ave

      MEDICAL CLINIC • 3,184 SF
      204 Delaware Ave, Delmar, NY 12054-1227
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    • Value Estimation by Request
      4,884 SF

      27 Adams Pl

      MEDICAL CLINIC • 4,884 SF
      27 Adams Pl, Delmar, NY 12054-1926
      View Details
    • Value Estimation
      $670,000
      29,824 SF

      99 Delaware Ave

      MEDICAL CLINIC • 29,824 SF
      99 Delaware Ave, Delmar, NY 12054-1506
      View Details
    • Value Estimation by Request
      2,232 SF

      528 Kenwood Ave

      MEDICAL CLINIC • 2,232 SF
      528 Kenwood Ave, Delmar, NY 12054-1822
      View Details
    • Value Estimation
      $1,525,000
      49,036 SF

      254256 Delaware Ave

      MEDICAL CLINIC • 49,036 SF
      254256 Delaware Ave, Delmar, NY 12054
      View Details
    • Value Estimation
      $515,000
      30,659 SF

      141 Rockefeller Rd

      HOMES (RETIRED, NURSING) • 30,659 SF
      141 Rockefeller Rd, Delmar, NY 12054-2221
      View Details

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    Similar Nearby for Lease

    • $18 SF/Yr
      47,850 SF

      Delmar Medical Office Space Available

      Class A medical office space for rent in Delmar, NY.
      250 Delaware Ave, Delmar, NY 12054
      View Details
    • $18 SF/Yr
      47,850 SF

      Delmar, NY Medical Office Space

      Class A medical office space available for rent in Delmar.
      250 Delaware Ave, Delmar, NY 12054
      View Details
    • $2,000 /Mo
      9,150 SF

      Delmar Office Space For Rent

      Well-maintained office space in Delmar, ideal for professional use.
      394 Elsmere Ave, Delmar, NY 12054
      View Details
    • $1,425 /Mo
      13,770 SF

      Delmar Office Suites Available

      Two office suites available in the heart of Delmar's business district.
      318 Delaware Ave Unit, Delmar, NY 12054
      View Details
    • $1.00 SF/Yr
      3,264 SF

      Delmar Office Space Available

      Prime office spaces for lease in a sought-after Delmar location.
      205 Delaware Ave, Delmar, NY 12054
      View Details
    • $1.00 SF/Yr

      Delmar Area Office Space

      Office space available for lease in a sought-after location.
      205 Delaware Ave, Delmar, NY 12054
      View Details
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    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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