Thirteen Tenant Plaza For
644 Loudon Road Colonie, NY 12110
644 Loudon Road, Colonie, NY, 12110
$3,900,000
For Sale
$3,900,000
Thirteen tenant plaza with retail and apartment units.
Property Size15,375 SF
Price / SF$253.66
Days on Market67
Property Features for 644 Loudon Road
General Information
- Standard status
- Active
- Size
- 15,375 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1959
Listing Agency
VENTURE FOX REALTY GROUP LLC
(518) 290-1070
Listed by
HANY Y AYOUB
Source
Corcoran
Added: May 12 Checked: Jul 17 at 2:44 am
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.
Local 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 | $286.0k | $18.60 |
| − Vacancy | −$20.6k | −$1.34 |
| EGI | $265.4k | $17.26 |
| − OpEx | −$79.6k | −$5.18 |
| NOI | $185.8k | $12.08 |
15,375 SF · lease $18.60/SF/yr · vacancy 7.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Newton Plaza — 580 - 602 Loudon Rd, Latham, NY 12110
- Bayberry Square — 637 Loudon Rd, Latham, NY 12110
- Latham circle mall — 617 Watervliet Shaker Rd, Latham, NY 12110, United States
- Siena Square Plaza — 644 Loudon Rd, Latham, NY 12110
FAQs
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.
