Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    941 Albany Shaker Rd Latham, NY

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Corner lot with existing building and high traffic exposure.

    Type:LAND
    Lot size:
    7.17 Acres
    Added:
    Mar 25, 2025
    Days on Market:
    404
    Last Refresh:
    Apr 5 at 11:05 pm

    Property Features for 941 Albany Shaker Rd

    General Information

    Standard status
    Active
    Lot size
    7.17 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Rudy R. Lynch
    Rudy R. Lynch

    Listing agent Rudy R. Lynch License #10301200002

    Listing office Carrow Real Estate Services

    Listing date Mar 25, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Carrow Real Estate Services

    Overview

    Prime Commercial Land For Sale

    This commercial land is located at the hard corner of Albany Shaker Road and Sicker Road. The parcel, also known as 4 Sicker Rd, is situated in a business corridor. The property features approximately 446 feet of frontage on Albany Shaker Road, which experiences an Average Annual Daily Traffic (AADT) of 17,781. The ABA zoning permits multiple commercial uses. The site is connected to municipal water and sewer. Existing structures include an approximately 1,132 square foot office building and a three-bay garage. The total land area is approximately 7.17 acres, with approximately 5.58 acres of usable land. A full property survey is available upon request.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Law Firm Dental Office Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Latham
    County
    Albany
    State
    New York
    Longitude
    -73.8153
    Latitude
    42.7649

    Nearby Similar for Sale

    • $749,800
      1,680 SF

      Latham Office Building For Sale

      Premium office building in Latham with high visibility.
      1134 Troy Schenectady Road, Latham, NY 12110
      View Details
    • $525,000
      4,000 SF

      Latham Commercial Property with NCOR Zoning

      Versatile commercial property in Latham, NY with development potential.
      21 Purtell Avenue, Latham, NY 12110
      View Details
    • $30,000

      Latham Restaurant Business For Sale

      Fully operational Asian cuisine business with beer and wine license.
      1186 Troy-Schenectady Road, Latham, NY 12110
      View Details
    • $79,900

      Approved Building Lot in Latham

      Approved building lot in Latham, NY, ready for your dream home.
      98 Pollock Road, Latham, NY 12110
      View Details
    • $4,100,000
      27,698 SF

      Freestanding Office/Warehouse Facility For Sale

      27,698 SF office/warehouse with loading docks and fenced yard.
      138 Sicker Road, Latham, NY, 12110
      View Details
    • $800,000

      Latham Commercial Land For Sale

      Commercial land in Latham, NY, near major thoroughfares.
      7-10 School Street, Latham, NY 12110
      View Details
    • $700,000

      Latham Land in North Colonie

      13.3 acres of buildable land in Latham, New York.
      230A Old Niskayuna Road, Latham, NY 12110
      View Details
    • $18,079,106
      1,250 SF

      Latham Office Space Available

      Office space available for rent in Latham, New York.
      952 Troy Schenectady Rd, Latham, NY
      View Details
    • Contact for pricing

      Latham Land For Sale

      Land with cross access and signage rights in Latham.
      800 Loudon Rd, Latham, NY 12110
      View Details
    • $324,900

      Turn-Key Commercial Building For Sale

      Remodeled commercial building, operating as a hair salon for 20+ years.
      300 Old Niskayuna Rd, Latham, NY, 12110-3514
      View Details
    • $149,900

      Commercial Land on Route 7

      Vacant commercial land with high traffic count in Latham.
      957 Troy-Schenectady Road, Latham, NY 12110
      View Details
    • $150,000

      Prime Development Land For Sale

      0.6 acres of land in a prime development area.
      7 School Street Latham, NY 12110, NY 12110
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot with existing building and high traffic exposure.
    Where is this commercial land located?
    The property is located at 941 Albany Shaker Rd Latham, NY.
    What is the asking price?
    The asking price for this property is $2,589,000.
    What are key features of this property?
    This property features: Prime location at the hard corner of Albany Shaker Road & Sicker Road in a key business corridor.; High traffic exposure with approximately 446 feet of frontage on Albany Shaker Road (17,781 AADT).; ABA zoning allows for multiple commercial uses, providing great flexibility.
    (518) 462-7491 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rudy R. Lynch
    Rudy R. Lynch
    Real Estate License ID: 10301200002
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    941 Albany Shaker Rd, Latham, NY

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!