Leased Carvana Retail
For Sale
Contact for pricing
613 New Loudon Rd, Latham, NY 12110
Retail building with an existing Carvana lease through Dec. 31, 2026, plus two three-year extension options.
Property Size25,000 SF
Lot Size4.30 Acres
Price / SF$180
Days on Market855
Property Features for 613 New Loudon Rd
General Information
Standard status
Active
Size
25,000 SF
Lot size
4.30 Acres
Property subtype
RETAIL
Listing Agency:
Vanguard-Fine, LLC
(518) 862-0861
Listed By:
Paul Bulmer · License #30BU0949739
(518) 428-7178
Source:
Moodyscre
Added: Jun 27, 2024
Changed: Oct 25
Last Checked: Oct 28 at 9:38AM
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 Vanguard-Fine, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale retail property consists of an approximately 4.3-acre site with a 25,000 sf building and is currently leased to Carvana. The initial lease term expires December 31, 2026, and the tenant has two (2) three-year options to extend. Financial information is available to qualified buyers.
The property is located on the busy Rt. 9 corridor in Latham, NY. It includes 603 New Loudon Rd as part of the offering.
The site benefits from ample on-site parking and is offered with an existing lease in place.
The property is located on the busy Rt. 9 corridor in Latham, NY. It includes 603 New Loudon Rd as part of the offering.
The site benefits from ample on-site parking and is offered with an existing lease in place.
Key Highlights
- Approximately 4.3‑acre site with a 25,000 SF building currently leased to Carvana
- Carvana lease initial term expires December 31, 2026, with two additional three‑year extension options
- Retail building with an existing lease in place through 12/31/2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$301,770
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,035,400
$6.0M
Cap Rate 7%
$4,311,000
$4.3M
Cap Rate 9%
$3,353,000
$3.4M
Market Conditions
NOI Build-Up for 25,000 SF
Gross rent
$450.0K $18.00/SF
− Vacancy
−$18.9K −$0.76/SF
EGI
$431.1K $17.24/SF
− OpEx
−$129.3K −$5.17/SF
NOI
$301.8K $12.07/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,035,400
Cap Rate 7%
$4,311,000
Cap Rate 9%
$3,353,000
Alternative Uses
Best Use
Retail
$4.31M
$3.77M – $5.03M
NOI $301,770 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.80M
$6.83M – $9.10M
NOI $546,077 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
386k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 34%
Shops & Services 23%
Dining 17%
Home Improvements & Furnishings 14%
Walmart
Superstores
132,725 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
43,684 visits/mo
0.1 miles
Burlington
Apparel
34,407 visits/mo
0.3 miles
Dollar Tree
Shops & Services
21,427 visits/mo
0.2 miles
Wendy's
Dining
20,193 visits/mo
0.1 miles
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 Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Retail building with an existing Carvana lease through Dec. 31, 2026, plus two three-year extension options.
Where is this retail space located?
The property is located at 613 New Loudon Rd Latham, NY.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approximately 4.3‑acre site with a 25,000 SF building currently leased to Carvana; Carvana lease initial term expires December 31, 2026, with two additional three‑year extension options; Retail building with an existing lease in place through 12/31/2026
