Thirteen Tenant Plaza For
For Sale
$3,900,000
644 Loudon Road, Colonie, NY 12110
Thirteen tenant plaza with retail and apartment units.
Property Size15,375 SF
Price / SF$253.66
Days on Market148
Property Features for 644 Loudon Road
General Information
Standard status
Active
Size
15,375 SF
Total Parking Spaces
75
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$43,397
Building Details
Year Built
1959
Buildings
1
Stories
1
Listing Agency:
Venture Fox Realty Group LLC
Listed By:
Hany Y Ayoub · License #30AY0937221
(518) 429-6966
Source:
Capmarkrealty
Added: May 12
Changed: Oct 6
Last Checked: Oct 5 at 3:47PM
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 Venture Fox Realty Group LLC
Investment Insights
Based on property information with market context.
This property features a thirteen-tenant plaza comprising apartment and retail spaces. The units are consistently rented. Situated on Route 9, next to Fresh Market, the property includes a large lot that may accommodate additional projects. The property size is 15375 square feet.
Key Highlights
- High‑traffic location on Route 9 next to Fresh Market.
- Thirteen‑tenant plaza with apartment and retail units.
- Property is always rented.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,769
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,715,380
$3.7M
Cap Rate 7%
$2,653,843
$2.7M
Cap Rate 9%
$2,064,100
$2.1M
Market Conditions
NOI Build-Up for 15,375 SF
Gross rent
$286.0K $18.60/SF
− Vacancy
−$20.6K −$1.34/SF
EGI
$265.4K $17.26/SF
− OpEx
−$79.6K −$5.18/SF
NOI
$185.8K $12.08/SF
Area
Albany, NY
Vacancy
7.20%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,715,380
Cap Rate 7%
$2,653,843
Cap Rate 9%
$2,064,100
Alternative Uses
Best Use
Retail
$2.65M
$2.32M – $3.10M
NOI $185,769 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$2.24M
$1.96M – $2.62M
NOI $157,053 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$4.06M
$3.55M – $4.73M
NOI $283,946 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 12110, NY
19,682
Population
8,269
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
93%
High-School Grad
14.3 sq mi
ZIP Area
1,376
Density / Sq Mi
$101,839
Median Household Income
$53,658
Median Earnings
$1,431
Median Rent
$306,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Newton Plaza — 580 - 602 Loudon Rd, Latham, NY 12110
- Bayberry Square — 637 Loudon Rd, Latham, NY 12110
- Siena Square Plaza — 644 Loudon Rd, Latham, NY 12110
- Latham circle mall — 617 Watervliet Shaker Rd, Latham, NY 12110, United States
Frequently Asked Questions
What type of property is this?
Shopping center - Thirteen tenant plaza with retail and apartment units.
Where is this shopping center located?
The property is located at 644 Loudon Road Colonie, NY.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: High‑traffic location on Route 9 next to Fresh Market.; Thirteen‑tenant plaza with apartment and retail units.; Property is always rented.
