Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17 Plaza Dr Latham, NY 12110
    Property profile & analytics

    17 Plaza Dr Latham, NY 12110

    View on Map
    • Office Spaces
    • 81,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 17 Plaza Dr

    Year built
    2019
    Property size
    81,000 SF
    Property type
    Office Spaces

    Description

    This exceptional sublease opportunity presents ±54,000 square feet of pristine Class A office space within an 81,000-square-foot building located at 17 Plaza Drive, Latham, NY 12110. Situated in the Century Hill submarket of Latham, this single-tenant space is part of a newly constructed (2019) three-story building, offering a modern and efficient workspace. The building boasts convenient amenities including elevators. The space is entirely vacant and never previously occupied, providing a blank canvas for a discerning tenant. The sublease term extends until June 30, 2030, offering long-term stability. The property is zoned COR and enjoys excellent access via New Loudon Road. With its expansive layout, the space is highly adaptable and can be subdivided to accommodate various business needs. Potential layouts are available upon request. This is a truly turnkey solution, ideal for a company seeking immediate occupancy in a premium location. The property offers a unique opportunity to establish a presence in a thriving business community. Contact us today to explore this exceptional sublease opportunity and discuss your specific requirements.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Latham
    County
    Albany
    State
    New York
    Longitude
    -73.7587
    Latitude
    42.7699

    Comparable in this City

    • Value Estimation by Request
      259,943 SF

      711-713 Troy-Schenectady Rd

      Medical Office Space • 259,943 SF
      711-713 Troy-Schenectady Rd, Latham, NY 12110
      View Details
    • Value Estimation by Request
      26,096 SF

      1201 Troy-Schenectady Rd

      Office Spaces • 26,096 SF
      1201 Troy-Schenectady Rd, Latham, NY 12110
      View Details
    • Value Estimation by Request
      32,997 SF

      1182 Troy-Schenectady Rd

      Medical Office Space • 32,997 SF
      1182 Troy-Schenectady Rd, Latham, NY 12110
      View Details
    • Value Estimation by Request
      54,000 SF

      Lear Jet Ln

      Individual retail properties • 54,000 SF
      0 Lear Jet Ln, Latham, NY 12110
      View Details
    • Value Estimation by Request
      52,130 SF

      611 Troy-Schenectady Rd

      Restaurants • 52,130 SF
      611 Troy-Schenectady Rd, Latham, NY 12110
      View Details
    • Value Estimation by Request
      0.23 Acres

      180 Old Loudon Rd

      Office Spaces • 0.23 Acres
      180 Old Loudon Rd, Latham, NY 12110
      View Details

    Similar Nearby for Sale

    • $525,000
      0.87 Acres

      Latham Commercial Property with NCOR Zoning

      Versatile commercial property in Latham, NY with development potential.
      21 Purtell Ave, Latham, NY 12110
      View Details
    • $4,100,000
      27,698 SF

      Freestanding Office/Warehouse Facility For Sale

      27,698 SF office/warehouse with loading docks and fenced yard.
      138 Sicker Rd, Latham, NY 12110
      View Details
    • $749,800
      1,680 SF

      Latham Office Building For Sale

      Premium office building in Latham with high visibility.
      1134 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • $324,900
      1,518 SF

      Turn-Key Commercial Building For Sale

      Remodeled commercial building, operating as a hair salon for 20+ years.
      300 Old Niskayuna Rd, Colonie, NY 12110
      View Details
    • Contact for pricing

      Turn-Key Commercial Building For Sale

      Remodeled commercial building, operating as a hair salon for 20+ years.
      300 Old Niskayuna Rd, Latham, NY 12110
      View Details
    • $18,079,106
      666,400 SF

      Latham Office Space Available

      Office space available for rent in Latham, New York.
      952 Troy Schenectady Rd, Latham, NY 12110
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,530 SF

      Professional Office Space For Lease

      Second floor office suite available in Century Hill Office Park.
      11 Century Hill Dr, Latham, NY 12110
      View Details
    • New
      $19 SF/Yr
      4,608 SF

      Latham Office Space For Rent

      Flexible office space in a desirable commercial corridor.
      696 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • $22 SF/Yr
      1,180 SF

      Latham Office Space Available

      Office space available for lease in Latham, New York.
      1074 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • Contact for pricing
      2,100 SF

      Former Fitness Studio Available

      Modern, built-out fitness studio with ample parking and high visibility.
      298 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • New
      $19 SF/Yr
      15,796 SF

      Latham Office Space For Rent

      Convenient location with flexible layouts suitable for various businesses.
      700 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • $18 SF/Yr
      4,878 SF

      Latham Office Space For Lease

      Available office space in Latham, NY with flexible usage options.
      950 Loudon Rd, Latham, NY 12110
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17 Plaza Dr
    Latham, NY 12110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    17 Plaza Dr, Latham, NY, 12110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!