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 Market270
Property Features for 1221 Loudon Road
General Information
Standard status
Active
Size
1,648 SF
Total Parking Spaces
6
Property subtype
Commercial Sale / Mixed Use
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$8,479
Amenities
Asphalt
None, No
Hot Water, Zoned, Other, Natural Gas, Yes
2
Full
150 Amp Service, 220 Volts, Circuit Breakers
Tile, Hardwood
Sliding Doors, Storm Door(s)
High Speed Internet, Built-in Features, Ceramic Tile Bath
Frame, Vinyl Siding
Security Lights
Deck
Building Details
Year Built
1937
Listing Agency:
The Property Shop
Listed By:
Sylvia Elkin · License #30EL0592269
(518) 573-1230
Source:
Compass
Added: Dec 7, 2025
Changed: Sep 2
Last Checked: Sep 1 at 10:41PM
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
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 = 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
$19,424
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
2.82%
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%
$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
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
$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 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%
$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.
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
Questions? Ask Rey
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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
