Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    601 Troy Schenectady Rd Latham, NY 12110

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Former restaurant space with patio in Latham Farms power center.

    We can help!

    Listing Contact
    Shannon Older
    Shannon Older
    Source: Atlanticretail

    Listing Agent: Shannon Older

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Restaurant End Cap Space Available

    This 5,000 square foot end cap space, formerly a restaurant, includes a patio. The property benefits from visibility from I-87 and Route 7. It shares an entrance with Latham Farms, a 600,000 square foot power center anchored by Home Depot, Sam's Club, Dick’s House of Sport, and Hannaford Supermarket. Located in the heart of the Capital District off Exit 6 of I-87, this regional market offers ample parking and signalized access off Route 7. A new tenant pylon is available on Route 7. Co-tenants include Staples, PetSmart, Panera Bread, Chuck E. Cheese and West Marine.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Amazon Locker - Tig Shipping And Mailing Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Latham
    County
    Albany
    State
    New York
    Longitude
    -73.7665124
    Latitude
    42.7545757

    Nearby Similar for Lease

    • $12 SF/Yr
      39,826 SF

      Class A Office Space

      Class A office space for lease in Airport Park.
      9 Cornell Rd, Latham, NY 12110
      View Details
    • $16 SF/Yr
      5,414 SF

      Latham Office Space Sublease

      First floor office space available for sublease through June 2030.
      20 Century Hill Dr, Latham, NY 12110
      View Details
    • $525 /Mo
      3,400 SF

      Multi-Tenant Office Suites for Lease

      Multiple office suites available for lease in Latham, NY.
      790 Watervliet Shaker Rd, Latham, NY 12110
      View Details
    • $12 SF/Yr
      2,955 SF

      Flex Space in Latham, NY

      Flex building suite for lease with office and warehouse space.
      7 Avis Dr, Latham, NY 12110
      View Details
    • $25 SF/Yr
      4,500 SF

      Prime Retail Space in Latham

      Remodeled retail space in Latham's busiest commercial corridor available for lease.
      678 Loudon Rd, Latham, NY 12110
      View Details
    • Contact for pricing
      40,000 SF

      Warehouse/Flex Space Near Airport

      Up to 40,000 SF warehouse/flex space for lease near Albany Airport.
      317 Old Niskayuna Rd, Latham, NY 12110
      View Details
    • $14 SF/Yr
      54,000 SF

      Lear Jet Park: Flex Space Available

      Modern Office/Warehouse Space, Latham, NY
      0 Lear Jet Ln, Latham, NY 12110
      View Details
    • $25 SF/Yr
      27,000 SF

      Modern Office Space Available

      Sublease of 27,000 SF office space in Colonie, NY
      17 Plaza Dr, Latham, NY 12110
      View Details
    • $1.00 SF/Yr
      82,923 SF

      Professional Office Building in Latham

      Prime office space with excellent access and amenities in Latham.
      30 Century Hill Dr, Latham, NY 12110
      View Details
    • Contact for pricing
      6,400 SF

      Latham Restaurant Space For Lease

      6,400 SF Free-Standing Restaurant
      675 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • Contact for pricing
      40,000 SF

      Latham, NY Industrial Flex Space

      40,000 SF Warehouse/Flex Space Available
      317 Old Niskayuna Rd, Latham, NY 12110
      View Details
    • $10 SF/Yr
      9,800 SF

      Industrial Warehouse with Office Space

      9,800 SF industrial warehouse with office and showroom capabilities.
      773 Watervliet Shaker Rd, Latham, NY 12110
      View Details

    FAQs

    What type of property is this?
    Restaurant - Former restaurant space with patio in Latham Farms power center.
    Where is this restaurant located?
    The property is located at 601 Troy Schenectady Rd Latham, NY.
    What are key features of this property?
    This property features: - High visibility location at the intersection of I-87 and Route 7.; - Shared entrance with Latham Farms, a 600,000 SF power center anchored by major retailers.; - Located in the heart of the Capital District, off Exit 6 of I-87.
    (518) 785-8200
    Request Owner's contact information
    601 Troy Schenectady Rd Latham, NY 12110
    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.
    601 Troy Schenectady Rd
    Latham, NY 12110
    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
    601 Troy Schenectady Rd Latham, NY 12110
    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

    We can help!
    Listing Contact
    Shannon Older
    Shannon Older
    (518) 785-8200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.