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    613 New Loudon Rd Latham, NY 12110

    For Sale
    $4,500,000

    Prime Latham location, 25,000 SF, strong lease.

    Property size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 25,000-square-foot auto shop situated on a substantial 4.3-acre lot at 613 New Loudon Road in Latham, New York, within Albany County. The property, currently leased to Carvana, offers a significant income stream with the initial lease term expiring December 31, 2026. The tenant holds two three-year options to extend the lease, providing long-term stability and predictable cash flow. The expansive lot provides ample parking, a key advantage for this type of business. Detailed financial information is available upon request to qualified buyers. This offering includes the property at 613 New Loudon Road. The property is classified as retail and is zoned appropriately for its current use as an auto shop. The location in Latham, NY, offers excellent visibility and accessibility, contributing to the property's strong investment potential. This is a rare opportunity to acquire a well-established, income-producing property in a desirable market. Serious inquiries only.

    Property Features for 613 New Loudon Rd

    General Information

    Property type
    Automotive properties
    Square Feet
    25,000 SF
    Lot Size
    187,308 SF

    HighLights

    • Excellent location.
    • Ample parking available.
    • Existing lease provides immediate cash flow.
    • 603 New Loudon Road included in asking price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Latham
    County
    Albany
    State
    New York
    Longitude
    -73.7604379
    Latitude
    42.7299815

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    FAQs

    What type of property is this?
    Automotive property - Prime Latham location, 25,000 SF, strong lease.
    Where is this automotive property located?
    The property is located at 613 New Loudon Rd Latham, NY.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Excellent location.; Ample parking available.; Existing lease provides immediate cash flow.
    (518) 862-0861
    Request Owner's contact information
    613 New Loudon Rd Latham, NY 12110
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    Latham, NY 12110
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    613 New Loudon Rd Latham, NY 12110
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