13-Tenant Retail
For Sale
$3,900,000
644 New Loudon Rd, Latham, NY 12110
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 Market167
Property Features for 644 New Loudon Rd
General Information
Standard status
Active
Size
15,375 SF
Taxes and HOA fees
Annual Taxes
$43,397
Listing Agency:
Venture Fox Realty Group LLC
(518) 290-1070
Listed By:
Hany Y Ayoub · License #30AY0937221
(518) 429-6966
Source:
Exprealty
Added: May 12
Changed: Oct 23
Last Checked: Oct 24 at 7:50PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
386k
Monthly Visits Nearby
Balanced
Demand for This Use
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Siena Square Plaza — 644 Loudon Rd, Latham, NY 12110
- Latham circle mall — 617 Watervliet Shaker Rd, Latham, NY 12110, United States
- The Shoppes at Latham Circle — 800 Loudon Rd, Latham, NY 12110
- Latham Crossing — 601 Troy-Schenectady Rd, Latham, NY 12110
- New Loudon Center — 873 Loudon Rd, Latham, NY 12110
Frequently Asked Questions
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
