Mixed-Use Property with Treed
For Sale
$690,000
1221 Loudon Road, Colonie, NY 12047
Commercial zoning and public water serve the existing residence, with a treed rear area for parking or expansion.
Property Size1,648 SF
Price / SF$418.69
Days on Market210
Property Features for 1221 Loudon Road
General Information
Standard status
Active
Size
1,648 SF
Total Parking Spaces
6
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$8,479
Building Details
Year Built
1937
Buildings
1
Stories
2
Listing Agency:
The Property Shop
Listed By:
Sylvia Elkin · License #30EL0592269
(518) 573-1230
Source:
Capmarkrealty
Added: Mar 23
Changed: Oct 14
Last Checked: Oct 16 at 6:22AM
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 The Property Shop
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Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,648-square-foot frame residence on 1.6 acres with commercial zoning. Built in 1937, the structure retains original woodwork, a fireplace, library doors, hardwood and tile surfaces, and two full baths. A deck, security lighting, natural gas service, 150 Amp Service, 220 Volts, and circuit breakers are also present. Public water and septic serve the property.
The parcel includes four lots within the deed and offers a treed area behind the house, a parking pad, and room for vehicle maneuvering. The existing building is currently configured as a residence, while the source information identifies potential for residential or commercial office use. The property provides access to the Northway and Thruway through Exit 8 and is located on Loudon Road in Colonie.
The parcel includes four lots within the deed and offers a treed area behind the house, a parking pad, and room for vehicle maneuvering. The existing building is currently configured as a residence, while the source information identifies potential for residential or commercial office use. The property provides access to the Northway and Thruway through Exit 8 and is located on Loudon Road in Colonie.
Key Highlights
- 1,648‑square‑foot structure on 1.6 acres
- Commercial zoning with public water and septic
- Four parcels included within the deed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,424
Cap Rate
2.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,480
$388.5K
Cap Rate 7%
$277,486
$277.5K
Cap Rate 9%
$215,822
$215.8K
Market Conditions
NOI Build-Up for 1,648 SF
Gross rent
$34.6K $21.00/SF
− Vacancy
−$3.5K −$2.14/SF
EGI
$31.1K $18.86/SF
− OpEx
−$11.7K −$7.07/SF
NOI
$19.4K $11.79/SF
Area
Albany, NY
Vacancy
10.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$388,480
Cap Rate 7%
$277,486
Cap Rate 9%
$215,822
Alternative Uses
Best Use
Mixed Use
$277.5K
$242.8K – $323.7K
NOI $19,424 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.8K
$380.4K – $507.3K
NOI $30,435 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 12047, NY
23,347
Population
10,963
Households
2.1
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
2,653
Density / Sq Mi
$66,970
Median Household Income
$46,476
Median Earnings
$1,213
Median Rent
$237,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning and public water serve the existing residence, with a treed rear area for parking or expansion.
Where is this mixed-use property located?
The property is located at 1221 Loudon Road Colonie, NY.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 1,648‑square‑foot structure on 1.6 acres; Commercial zoning with public water and septic; Four parcels included within the deed
