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 Market765
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) 428-7178
Listed By:
Paul Bulmer · License #30BU0949739
(518) 428-7178
Source:
Moodyscre
Added: Jun 27, 2024
Changed: Jul 25
Last Checked: Jul 30 at 11:00AM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $450.0k | $18.00 |
| − Vacancy | −$18.9k | −$0.76 |
| EGI | $431.1k | $17.24 |
| − OpEx | −$129.3k | −$5.17 |
| NOI | $301.8k | $12.07 |
25,000 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
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.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
116k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 28%
Groceries 20%
The Fresh Market
Groceries
23,214 visits/mo
0.5 miles
Burger King
Dining
15,690 visits/mo
0.5 miles
Dunkin' Donuts
Dining
15,450 visits/mo
0.5 miles
Sunoco
Shops & Services
14,640 visits/mo
0.1 miles
Five Guys
Dining
11,992 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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
