Realmo Analytics

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Financial
Distress signals
Property profile

394 Elsmere Ave Delmar, NY 12054

FOR LEASE
Showrooms
Property ID
US63-5064603
9,150 SF 2.18 ac lot Built 2018
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a building constructed in 2018 that includes approximately 1,000 square feet of open space configured for professional office use, including use as a call center. The building provides 5 unassigned parking spaces, with the layout allowing for the possibility of additional parking arrangements. It consists of 8 units total: 3 office suites and 5 apartments. Electric vehicle charging stations are available on site, and the building is set up for mixed-use occupancy with existing office tenants in the financial services and insurance sectors.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$750k
Assessed land$250k
Assessed improvement$500k

Value estimate

· Oct 2026
$475k
$428k – $523k
NOI build-up
Gross scheduled income$27k
Vacancy & credit loss−$6k
Operating expenses−$5k
NOI · 883.72% cap applied$16k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
County average, outlier-cleaned · 154 recorded sales of this use type
Observed band · Q1–Q3$41 – $108
Qualifying comparables9

Cap rate analysis

How does the asset earn?
883.72%
$16k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
H
JurisdictionALBANY

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant20.1
Law Firm19.5
Building Supply15.7

Location

394 Elsmere Ave Delmar, NY 12054
County assessor Recorded deeds · not on file 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 11 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
44 Kendall, Delmar, NY 12054-8228 $317,500 Jan 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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