Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9 Cornell Road Latham, NY 12110

    View on Map
    For Lease
    $12 SF/Yr

    COMMERCIAL - Latham, NY

    Type:Office
    Property size:
    39,826 SF
    Lot size:
    9.35 Acres
    Added:
    Apr 16, 2025
    Days on Market:
    351
    Last Refresh:
    Apr 1 at 1:06 am

    Property Features for 9 Cornell Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Parking
    160
    Standard status
    Active
    APN
    012689 18.-1-32.17-1
    Size
    39,826 SF
    Lot size
    9.35 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    51344

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1999
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Rubber

    We can help!

    Listing Contact
    Karen A Wentz
    Karen A Wentz

    Listing agent Karen A Wentz License #10301220111

    Listing office Hanna Commercial 20 Aviation Road, Clifton Park, NY

    Listing date Apr 16, 2025

    MLS# 202515385

    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.

    Overview

    Class A Office Space

    This Class A office space is available for lease at a rate of $12 per square foot, plus nets. The property is situated in the prestigious Airport Park and benefits from on-site property management. Amenities include an EV charging station and ample parking. The location offers convenient access to public transportation and a fitness trail within a park-like setting. The available space is subdividable. The lot size is 9.35 acres. The property contains 39,826 square feet and is located in Latham, New York.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Northeast Association Management ... Business Management Consultant PERMA - Public Employer ... Financial Advisor AGRiP Association / Organization Graziane Elizabeth A Law Firm

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Law Firm Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Latham
    County
    Albany
    State
    New York
    Longitude
    -73.824744
    Latitude
    42.757771

    Nearby Similar for Lease

    • $17/mo

      Latham Retail/Warehouse Space Available

      Retail and warehouse space with high visibility on Route 7.
      836 Troy Schenectady Road, Latham, NY 12110
      View Details
    • $17/mo

      Latham Retail Space Available

      Large open floor plan in excellent Latham location.
      5 Herbert Drive, Latham, NY 12110
      View Details
    • $12/mo

      Colonie Office Building For Lease

      23,127 SF office building on 2.6 acres for lease.
      12 Avis Drive, Latham, NY, 12110
      View Details
    • $10/mo

      Industrial Warehouse with Office Space

      11,300 SF industrial warehouse with office and showroom capabilities.
      773 Watervliet Shaker Road, Latham, NY, 12110
      View Details
    • $18/mo

      Professional Office Space For Lease

      Second floor office suite available in Century Hill Office Park.
      11 Century Hill Drive, Latham, NY, 12110
      View Details
    • $12/mo

      FlexIndustrial

      7 Avis Drive, Latham, NY, 12110
      View Details
    • $25/mo

      Modern Office Space in Latham

      Unoccupied office space available for sublease through June 2030.
      17 Plaza Drive, Latham, NY, 12110
      View Details
    • $8/mo

      Warehouse with Office Sublease

      64,000 SF warehouse sublease with office space near I-87.
      4 Stanley Circle, Latham, NY, 12110
      View Details
    • $10/mo

      Industrial Facility in Colonie Location

      Class A industrial facility for sale or lease in Colonie.
      291 Wolf Road, Latham, NY, 12110
      View Details
    • Contact for pricing

      Restaurant End Cap Space Available

      Former restaurant space with patio in Latham Farms power center.
      601 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • Contact for pricing

      Warehouse/Flex Space Near Airport

      Up to 40,000 SF warehouse/flex space for lease.
      317 Old Niskayuna Road, Latham, NY, 12110
      View Details
    • $13/mo

      Latham Flex Space Near Airport

      Flex space near Albany Airport with loading dock and OH door.
      6 British American Blvd, Latham, NY
      View Details

    FAQs

    What type of property is this?
    Office building - Class A office space for lease in Airport Park.
    Where is this office building located?
    The property is located at 9 Cornell Road Latham, NY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Prestigious Airport Park location.; Benefit from on‑site property management.; Lease rate of $12 psf + nets.
    (516) 317-3184
    We can help!
    Listing Contact
    Karen A Wentz
    Karen A Wentz
    Real Estate License ID: 10301220111
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!