Leased Mixed-Use
For Sale
Contact for pricing
980 Loudon Rd, Latham, NY 12110
Fully leased building combines three apartments with a dedicated office space in a dense commercial trade area.
Property Size3,493 SF
Lot Size0.88 Acres
Price / SF$372.17
Days on Market23
Property Features for 980 Loudon Rd
General Information
Standard status
Active
Size
3,493 SF
Lot size
0.88 Acres
Property subtype
LAND
Occupancy
100%
Additional Details
Road Access
Yes
Office Units
1
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
RedMark Realty
(518) 952-7500
Listed By:
Nathan Marks · License #10491202391
Source:
Moodyscre
Added: Jul 30
Changed: Aug 8
Last Checked: Aug 8 at 8:58PM
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 RedMark Realty
Investment Insights
Based on property information with market context.
This 3,493 SF mixed-use building contains three apartments and one office space, with all four spaces fully leased. The property combines residential and office occupancy within a single existing structure, offering a clear mixed-use configuration.
Located at 980 Loudon Rd in Latham, New York, the property has frontage along New Loudon Road, also identified as Route 9. It sits within a dense commercial trade area surrounded by national retailers, restaurants, and service providers.
Located at 980 Loudon Rd in Latham, New York, the property has frontage along New Loudon Road, also identified as Route 9. It sits within a dense commercial trade area surrounded by national retailers, restaurants, and service providers.
Key Highlights
- 3,493 SF mixed‑use building
- Three apartments and 1 office space
- All spaces fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,946
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,078,920
$1.1M
Cap Rate 7%
$770,657
$770.7K
Cap Rate 9%
$599,400
$599.4K
Market Conditions
NOI Build-Up for 3,493 SF
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.
Gross rent
$92.2K $26.40/SF
− Vacancy
−$20.3K −$5.81/SF
EGI
$71.9K $20.59/SF
− OpEx
−$18.0K −$5.15/SF
NOI
$53.9K $15.44/SF
Area
Albany County, NY
Vacancy
22.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,078,920
Cap Rate 7%
$770,657
Cap Rate 9%
$599,400
Alternative Uses
Best Use
Office B
$770.7K
$674.3K – $899.1K
NOI $53,946 @ 7.0% cap · market cap 4.15%
Second Best
Multifamily LT 5
$576.2K
$504.2K – $672.2K
NOI $40,332 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$1.09M
$953.7K – $1.27M
NOI $76,298 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
643
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased building combines three apartments with a dedicated office space in a dense commercial trade area.
Where is this mixed-use property located?
The property is located at 980 Loudon Rd Latham, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,493 SF mixed‑use building; Three apartments and 1 office space; All spaces fully leased
