Mixed-Use Building with Corridor
New
For Sale
$845,000
1147 Troy-Schenectady Road, Latham, NY 12110
COMMERCIAL - Latham, NY
Property Size3,120 SF
Lot Size0.47 Acres
Price / SF$270.83
Days on Market4
Property Features for 1147 Troy-Schenectady Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
20
Directions
Take I-87 (the Northway) to Exit 6. At the ramp, follow signs for NY-7 West/Troy-Schenectady Road (toward Schenectady/the airport)- not NY-2 East toward Troy. Continue on Troy-Schenectady Road (NY-7) for roughly 1 mile. 1147 Troy-Schenectady Road is on the corridor just past the airport frontage.
Standard status
Active
APN
012689
Size
3,120 SF
Lot size
0.47 Acres
Taxes and HOA fees
Tax Annual Amount
14236
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Building materials
Vinyl Siding
Roof type
Shingle
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Philip Sabatino · License #10401299525
(518) 376-2717
Added: Aug 7
Last Checked: Aug 10 at 1:06PM
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.
Investment Insights
Based on property information with market context.
This mixed-use building provides 3,120+ SF on a 0.47-acre parcel with a configuration that includes commercial, office, and residential space. The property features vinyl siding, a shingle roof, natural gas heat, central air, public water, and public sewer. Constructed in 1950, it offers a combination of existing building infrastructure and flexible space planning.
The property fronts Troy-Schenectady Road, also identified as NY-7, where reported daily traffic ranges from 33,000 to 36,000+ vehicles. Its Latham location is minutes from Albany International Airport, Northway I-87 Exit 6, I-90, and the Route 9 retail corridor. Commercial zoning supports the property’s mixed-use positioning.
The property fronts Troy-Schenectady Road, also identified as NY-7, where reported daily traffic ranges from 33,000 to 36,000+ vehicles. Its Latham location is minutes from Albany International Airport, Northway I-87 Exit 6, I-90, and the Route 9 retail corridor. Commercial zoning supports the property’s mixed-use positioning.
Key Highlights
- 3,120+ SF mixed‑use building on 0.47 acres
- Frontage on Troy‑Schenectady Road, also known as NY‑7
- Reported traffic of 33,000‑36,000+ vehicles daily
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
$48,185
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
5.70%
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%
$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
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
$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 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%
$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.
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
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial building with office, retail, and residential components along Troy-Schenectady Road.
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+ SF mixed‑use building on 0.47 acres; Frontage on Troy‑Schenectady Road, also known as NY‑7; Reported traffic of 33,000‑36,000+ vehicles daily
