Thirteen-Unit Retail
For Sale
$3,900,000
644 Loudon Road, Latham, NY 12110
COMMERCIAL - Other - Latham, NY
Property Size15,375 SF
Lot Size2.50 Acres
Price / SF$253.66
Days on Market81
Property Features for 644 Loudon Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Commercial
Parking
75
Directions
From Latham Circle going south on Rt 9, pass Fresh Market Plaza to 644 Loudon Road on right side.
Standard status
Active
APN
012689 31.1-5-19
Size
15,375 SF
Lot size
2.50 Acres
Taxes and HOA fees
Tax Annual Amount
43397
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1959
Floors in Building
1
Building materials
Block
Roof type
Flat
Architectural style
Other
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Hany Y Ayoub · License #30AY0937221
(518) 429-6966
Added: May 12
Changed: Jul 24
Last Checked: Jul 31 at 3:06AM
MLS# 202616970
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A thirteen-tenant retail plaza is offered for sale at 644 Loudon Road in Latham, NY, featuring a mix of apartment and retail space. The property is described as always rented, including gross lease stores. The total land area is approximately 2.5 acres, with a stated property size of 15,375 square feet.
The plaza is located on New Loudon Rd (Route 9) next to Fresh Market, within Commercial zoning. A large lot is included, which the remarks indicate could support additional projects, if desired.
The plaza is located on New Loudon Rd (Route 9) next to Fresh Market, within Commercial zoning. A large lot is included, which the remarks indicate could support additional projects, if desired.
Key Highlights
- Thirteen‑tenant plaza featuring apartment and retail space
- Property reports as always rented with gross lease tenants on New Loudon Rd (Route 9) next to Fresh Market
- Built in 1959 with block construction
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $276.8k | $18.00 |
| − Vacancy | −$11.6k | −$0.76 |
| EGI | $265.1k | $17.24 |
| − OpEx | −$79.5k | −$5.17 |
| NOI | $185.6k | $12.07 |
15,375 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.65M
$2.32M – $3.09M
NOI $185,589 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.80M
$4.20M – $5.60M
NOI $335,837 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
187k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 27%
Groceries 12%
Beauty & Spa 4%
Crumbl Cookies
Dining
23,909 visits/mo
0.2 miles
The Fresh Market
Groceries
23,214 visits/mo
0.1 miles
Taco Bell
Dining
17,561 visits/mo
0.2 miles
Burger King
Dining
15,690 visits/mo
0.1 miles
Dunkin' Donuts
Dining
15,450 visits/mo
0.2 miles
Demographics for 12110, NY
19,682
Population
8,269
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
1,376
Density / Sq Mi
$101,839
Median Household Income
$53,658
Median Earnings
$1,431
Median Rent
$306,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Newton Plaza — 580 - 602 Loudon Rd, Latham, NY 12110
- Bayberry Square — 637 Loudon Rd, Latham, NY 12110
- Latham circle mall — 617 Watervliet Shaker Rd, Latham, NY 12110, United States
- Siena Square Plaza — 644 Loudon Rd, Latham, NY 12110
Frequently Asked Questions
What type of property is this?
Shopping center - Thirteen-tenant retail plaza with apartment and retail units, all reported as always rented, positioned beside Fresh Market.
Where is this shopping center located?
The property is located at 644 Loudon Road Latham, NY.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Thirteen‑tenant plaza featuring apartment and retail space; Property reports as always rented with gross lease tenants on New Loudon Rd (Route 9) next to Fresh Market; Built in 1959 with block construction
