Thirteen-Unit Retail
644 Loudon Road Latham, NY 12110
For Sale
$3,900,000
COMMERCIAL - Other - Latham, NY
Property Size15,375 SF
Lot Size2.50 Acres
Price / SF$253.66
Days on Market73
Property Features for 644 Loudon Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- Commercial
- Parking
- 75
- Standard status
- Active
- APN
- 012689 31.1-5-19
- Size
- 15,375 SF
- Lot size
- 2.50 Acres
Taxes and HOA fees
- Tax Annual Amount
- 43397
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1959
- Floors in Building
- 1
- Building materials
- Block
- Roof type
- Flat
- Architectural style
- Other
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Hany Y Ayoub · License #30AY0937221
(518) 429-6966
Added: May 12
Changed: May 14
Last Checked: Jul 23 at 3:06PM
MLS# 202616970
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A thirteen-tenant retail plaza is offered for sale at 644 Loudon Road in Latham, NY, featuring a mix of apartment and retail space. The property is described as always rented, including gross lease stores. The total land area is approximately 2.5 acres, with a stated property size of 15,375 square feet.
The plaza is located on New Loudon Rd (Route 9) next to Fresh Market, within Commercial zoning. A large lot is included, which the remarks indicate could support additional projects, if desired.
The plaza is located on New Loudon Rd (Route 9) next to Fresh Market, within Commercial zoning. A large lot is included, which the remarks indicate could support additional projects, if desired.
Key Highlights
- Thirteen‑tenant plaza featuring apartment and retail space
- Property reports as always rented with gross lease tenants on New Loudon Rd (Route 9) next to Fresh Market
- Built in 1959 with block construction
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 | $276.8k | $18.00 |
| − Vacancy | −$11.6k | −$0.76 |
| EGI | $265.1k | $17.24 |
| − OpEx | −$79.5k | −$5.17 |
| NOI | $185.6k | $12.07 |
15,375 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Best Foot Spa
Alternative Medicine Practice
Hearing Solutions
Hearing Aid Store
Deep End Swim ...
Swimwear Store
Elbo To Go
Restaurant
5 Star Nutrition
(Bike/Boat/Book/etc) Store
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 retail plaza with apartment and retail units, all reported as always rented, positioned beside Fresh Market.
Where is this shopping center 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: Thirteen‑tenant plaza featuring apartment and retail space; Property reports as always rented with gross lease tenants on New Loudon Rd (Route 9) next to Fresh Market; Built in 1959 with block construction
