Storefront Property with High-Visibility
For Sale
$739,800
NY, NY
COMMERCIAL - Other - NY
Property Size1,930 SF
Lot Size0.25 Acres
Price / SF$383.32
Days on Market137
Property Features
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
12
Basement
Unfinished
High school
Shaker HS
Elementary school district
North Colonie (including Maplewood)
Middle school district
North Colonie (including Maplewood)
High school district
North Colonie (including Maplewood)
Directions
New Loudon Rd. (Rte. 9) just North of Watervliet Shaker Rd (Rte. 155).
Standard status
Active
Size
1,930 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Annual Amount
5235
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1950
Building materials
Block
Architectural style
Other
Listing Agency:
Gucciardo Real Estate Group LLC
(518) 221-9079
Listed By:
Daniel Grebert · License #10401371037
(518) 441-8225
Added: Apr 6
Changed: Aug 4
Last Checked: Aug 20 at 6:06PM
MLS# 202614500
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.
This storefront property offers mixed-use space in a centrally located commercial setting, with a building that has been completely revamped interior space. The property is owner occupied, and it includes forced air heating with natural gas, public water, and public sewer service. Construction is block, and the building was built in 1950. The property sits on a 0.25-acre lot and is sized at 1,930 square feet, with one bathroom.
The site is positioned near the intersection of Loudon Rd (Rte. 9) and Watervliet Shaker Rd (Rte. 155) in the heart of Latham’s commercial district. The property is described as having high visibility road frontage and ample parking.
A lone tenant lease is in place, with the lease expiring in July. Showings are available by appointment only, and the public remarks request that businesses not be disturbed.
The site is positioned near the intersection of Loudon Rd (Rte. 9) and Watervliet Shaker Rd (Rte. 155) in the heart of Latham’s commercial district. The property is described as having high visibility road frontage and ample parking.
A lone tenant lease is in place, with the lease expiring in July. Showings are available by appointment only, and the public remarks request that businesses not be disturbed.
Key Highlights
- 0.25‑acre lot
- 1,930 square feet
- High‑visibility road frontage with ample parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,612
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$752,240
$752.2K
Cap Rate 7%
$537,314
$537.3K
Cap Rate 9%
$417,911
$417.9K
Market Conditions
NOI Build-Up for 1,930 SF
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.
Gross rent
$57.9K $30.00/SF
− Vacancy
−$4.2K −$2.16/SF
EGI
$53.7K $27.84/SF
− OpEx
−$16.1K −$8.35/SF
NOI
$37.6K $19.49/SF
Area
NY
Vacancy
7.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$752,240
Cap Rate 7%
$537,314
Cap Rate 9%
$417,911
Alternative Uses
Best Use
Retail
$537.3K
$470.2K – $626.9K
NOI $37,612 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.39M
NOI $83,654 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront with ample parking, high-visibility road frontage, and mixed-use space near Rte. 9 and Rte. 155.
Where is this storefront property located?
The property is located at NY.
What is the asking price?
The asking price for this property is $739,800.
What are key features of this property?
This property features: 0.25‑acre lot; 1,930 square feet; High‑visibility road frontage with ample parking
