13-Tenant Retail
644 New Loudon Rd Latham, NY 12110
For Sale
$3,900,000
Thirteen tenant retail plaza with gross-lease stores on New Loudon Rd near Route 9 by Fresh Market.
Property Size15,375 SF
Price / SF$253.66
Days on Market75
Property Features for 644 New Loudon Rd
General Information
- Standard status
- Active
- Size
- 15,375 SF
Listing Agency:
Venture Fox Realty Group LLC
(518) 429-6966
Listed By:
Hany Y Ayoub · License #30AY0937221
(518) 429-6966
Source:
Exprealty
Added: May 12
Changed: Jul 23
Last Checked: Jul 24 at 3:03PM
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 13-tenant retail plaza includes a mix of retail space and apartments, with gross-lease stores currently in place. The property is described as always rented, offering an income-producing configuration for a buyer seeking an established tenant mix.
The shopping center is located on New Loudon Rd, along Route 9, next to Fresh Market. The site also includes a large lot that allows room for additional projects if desired.
Overall, the property presents a multi-tenant retail and apartment setup within a single retail plaza environment, anchored by the existing gross-lease tenant operations and supported by the development capacity of the larger lot.
The shopping center is located on New Loudon Rd, along Route 9, next to Fresh Market. The site also includes a large lot that allows room for additional projects if desired.
Overall, the property presents a multi-tenant retail and apartment setup within a single retail plaza environment, anchored by the existing gross-lease tenant operations and supported by the development capacity of the larger lot.
Key Highlights
- 13‑tenant retail plaza with gross‑lease stores
- Always rented, per the remarks
- Located on New Loudon Rd near Route 9, next to Fresh Market
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
Location Intelligence
Current Use by Public Records
Fancy Threading and Waxing ...
Spa & Massage Center
Similar Off Market Nearby
- New Loudon Center — 873 Loudon Rd, Latham, NY 12110
- Latham Crossing — 601 Troy-Schenectady Rd, Latham, NY 12110
- The Shoppes at Latham Circle — 800 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 gross-lease stores on New Loudon Rd near Route 9 by Fresh Market.
Where is this shopping center located?
The property is located at 644 New Loudon Rd 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 gross‑lease stores; Always rented, per the remarks; Located on New Loudon Rd near Route 9, next to Fresh Market
