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    947 Mill Rd Latham, NY 12110

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    For Lease
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    Proposed mixed-use development site at Route 7 and Mill Road.

    Property Features for 947 Mill Rd

    General Information

    Zoning
    Commercial Office Residential (COR)

    Source: Shannon Older Agent Shannon Older

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

    Overview

    Mixed-Use Development Opportunity

    This property is a proposed new mixed-use development site located at the signalized intersection of Route 7 and Mill Road. The property is surrounded by Albany International Airport, British American Office Park, and the Wade Road industrial corridor, which are heavy traffic generators. Route 7 connects Niskayuna with Latham and provides access to major retailers and I-87 & I-890. Mill Road is a local access road that connects dense residential neighborhoods to Route 7. Proposed access points are planned off Mill Road and Route 7. Zoning allows for various configurations to include retail, office/medical, or residential development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Latham
    County
    Albany
    State
    New York
    Longitude
    -73.78366
    Latitude
    42.768831

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    FAQs

    What type of property is this?
    Commercial land - Proposed mixed-use development site at Route 7 and Mill Road.
    Where is this commercial land located?
    The property is located at 947 Mill Rd Latham, NY.
    What are key features of this property?
    This property features: - High-traffic location at the **signalized intersection of Route 7 & Mill Road.**; - Mixed-use development potential (retail, office/medical, or residential).; - Proximity to Albany International Airport, British American Office Park, and Wade Road industrial corridor.
    (518) 785-8200
    Request Owner's contact information
    947 Mill Rd Latham, NY 12110
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    Latham, NY 12110
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    Realmo Value Estimation

    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.

    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.

    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
    947 Mill Rd Latham, NY 12110
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