Mixed-Use Commercial
1147 Troy-Schenectady Road, Latham, NY 12110
For Sale
$845,000
Commercial Sale, Latham, NY
Property Size3,120 SF
Lot Size0.47 Acres
Price / SF$270.83
Days on Market96
Property Features for 1147 Troy-Schenectady Road
General Information
Property type
Property subtype
Zoning
Parking
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Philip Sabatino · License NY #10401299525
(518) 376-2717
Added: Aug 7
Changed: Oct 2
Last Checked: Nov 10 at 10:06PM
MLS# 202623511
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use commercial building contains 3,120 square feet on a 0.47-acre parcel, with space identified for commercial, office, and residential use. Built in 1950, the property has vinyl siding, a shingle roof, natural gas heat, central air, public water, and public sewer.
The building fronts Troy-Schenectady Road (NY-7), where traffic volume is reported at 33,000-36,000+ vehicles per day. The site is positioned near Albany International Airport, Northway (I-87) Exit 6, I-90, and the Route 9 retail corridor. The property is located in Latham, NY, within Albany County, and carries Commercial zoning.
The building fronts Troy-Schenectady Road (NY-7), where traffic volume is reported at 33,000-36,000+ vehicles per day. The site is positioned near Albany International Airport, Northway (I-87) Exit 6, I-90, and the Route 9 retail corridor. The property is located in Latham, NY, within Albany County, and carries Commercial zoning.
Key Highlights
- 3,120 square feet on 0.47 acres
- Frontage on Troy‑Schenectady Road (NY‑7)
- Reported traffic volume of 33,000‑36,000+ vehicles daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,185
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,700
$963.7K
Cap Rate 7%
$688,357
$688.4K
Cap Rate 9%
$535,389
$535.4K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$82.4K $26.40/SF
− Vacancy
−$18.1K −$5.81/SF
EGI
$64.2K $20.59/SF
− OpEx
−$16.1K −$5.15/SF
NOI
$48.2K $15.44/SF
Area
Albany County, NY
Vacancy
22.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$963,700
Cap Rate 7%
$688,357
Cap Rate 9%
$535,389
Alternative Uses
Best Use
Office B
$688.4K
$602.3K – $803.1K
NOI $48,185 @ 7.0% cap · market cap 5.70%
Second Best
Retail
$538.0K
$470.8K – $627.7K
NOI $37,661 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$973.6K
$851.9K – $1.14M
NOI $68,150 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
612
Businesses Nearby
Explore this area
Business Placement
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
$306,100
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Albany County, NY
Properties on Market for Mixed-use properties in Albany County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use configuration combines commercial, office, and residential space with public utilities and central building systems.
Where is this mixed-use property located?
The property is located at 1147 Troy-Schenectady Road Latham, NY.
What is the asking price?
The asking price for this property is $845,000.
What are key features of this property?
This property features: 3,120 square feet on 0.47 acres; Frontage on Troy‑Schenectady Road (NY‑7); Reported traffic volume of 33,000‑36,000+ vehicles daily
