Multi-Tenant Retail
For Sale
$3,900,000
644 Loudon Road, Latham, NY 12110
Thirteen-tenant retail plaza with apartments, operating on gross lease and described as consistently leased.
Property Size15,375 SF
Price / SF$253.66
Days on Market309
Property Features for 644 Loudon Road
General Information
Standard status
Active
Size
15,375 SF
Property subtype
Commercial
Building Details
Year Built
1959
Tenancy
Multi
Listing Agency:
Venture Fox Realty Group LLC
Listed By:
Hany Y Ayoub · License #30AY0937221
(518) 290-1070
Source:
Signatureonerealtygroup
Added: Dec 9, 2025
Changed: Oct 13
Last Checked: Oct 12 at 8:52PM
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 for-sale multi-tenant retail plaza consists of a thirteen-tenant setup that includes retail space and apartments. The property is described as always rented, with gross lease stores included as part of the tenant mix.
The center is located on New Loudon Rd (Route 9) next to Fresh Market. The offering also notes a large lot that may support additional projects if desired.
Overall, it presents a fully leased retail-oriented plaza configuration with combined residential and commercial space, complemented by development room on-site as indicated in the remarks.
The center is located on New Loudon Rd (Route 9) next to Fresh Market. The offering also notes a large lot that may support additional projects if desired.
Overall, it presents a fully leased retail-oriented plaza configuration with combined residential and commercial space, complemented by development room on-site as indicated in the remarks.
Key Highlights
- 13‑tenant retail plaza with apartments
- Year built: 1959
- Operating on gross lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$185,589
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,711,780
$3.7M
Cap Rate 7%
$2,651,271
$2.7M
Cap Rate 9%
$2,062,100
$2.1M
Market Conditions
NOI Build-Up for 15,375 SF
Gross rent
$276.8K $18.00/SF
− Vacancy
−$11.6K −$0.76/SF
EGI
$265.1K $17.24/SF
− OpEx
−$79.5K −$5.17/SF
NOI
$185.6K $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%
$3,711,780
Cap Rate 7%
$2,651,271
Cap Rate 9%
$2,062,100
Alternative Uses
Best Use
Retail
$2.65M
$2.32M – $3.09M
NOI $185,589 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.80M
$4.20M – $5.60M
NOI $335,837 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Strip mall - Thirteen-tenant retail plaza with apartments, operating on gross lease and described as consistently leased.
Where is this strip mall located?
The property is located at 644 Loudon Road Latham, 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: 13‑tenant retail plaza with apartments; Year built: 1959; Operating on gross lease
