Medical Office Space
Individually Owned
14-yr Hold
Absentee Owner
Free & Clear
Individually Owned 
For Lease
1 / 7
$18 SF/Yr
250 Delaware Ave, Delmar, NY 12054
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Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2012
Total area
49,036 SF
Lot
1.84 ac (80,150 SF)
Zoning code
CH
APN
012200 86.09-4-12
UPID
US63-2867919
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
-
Medical Clinic Hospital
-
Physician
-
Dental Office
-
Physician
-
Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.01M
Owner & transaction history
since 2012
5 recorded transactions
Zoning & alternative use
CH · Delmar, NY
Top alternative use upside
Warehouse, storage
$1.3M
+6.9%
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.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.01M
Value range
$909k – $1.11M
±10% around blend
Estimated value / SF
$21 / SF
Confidence
Property data
75
Comparable evidence
60
Income certainty
100
$909k
blend $1.01M
$1.11M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
49,036 SF
Lot area
1.84 ac
Year built
2012
Stories
2
APN
012200 86.09-4-12
Assessed value
$6,912,150
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
Sales approach indication
$1.38M
Range $536k – $2.04M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.01M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Warehouse, Storage
Gross theoretical uplift
+7%
vs current-use indication
Medical Building · current use
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
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.
17% off on annual
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
Analytics Standard · 5 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$7.54M
Move the market yield to see immediate price impact.
Value / SF
$154
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%
$475k
$9.50M
$6.79M
$5.28M
$528k
$10.56M
$7.54M
$5.86M
$581k
$11.61M
$8.29M
$6.45M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Property tax & assessments
Assessed value
$6,912,150
Assessed 2023
Previous assessed
$6,912,150
+0.0% YoY
Assessed land
$380,000
Assessed improvement
$6,532,150
Land market value
$506,667
Improvement market value
$8,709,533
Total market value
$9,216,200
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
For Lease
Year built
2012
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
49,036 SF
Lot
1.84 ac (80,150 SF)
Zoning code
CH
APN
012200 86.09-4-12
UPID
US63-2867919
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
2012
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
1.84 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.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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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