Property profile

1182 Troy-Schenectady Rd Latham, NY 12110

OFF-MARKET
Office Spaces
32,997 SF 2.88 ac lot Built 2007
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Property summary

AI-generated overview

This exceptional Class A medical office building, totaling 32,997 square feet, is strategically located at 1182 Troy Schenectady Road in Latham, NY, offering unparalleled visibility and accessibility along the busy Route 7 corridor. Built in 2007 and extensively renovated in 2023, the three-story building boasts 12-foot ceilings and ample parking for 60 vehicles. Multiple suites are available, ranging from 1,937 to 4,319 contiguous square feet, ideal for a variety of medical or traditional office uses. Currently, 15,262 square feet is vacant, presenting a unique opportunity for expansion or new tenancy. The property features prominent pylon and building signage opportunities, enhancing visibility and brand recognition. Situated in a thriving plaza with nearby amenities including banking, restaurants, and hair salons, this location benefits from high traffic counts, with approximately 40,000 vehicles passing daily. The building's convenient location offers easy access to Albany International Airport and major highways (I-87, Highway 9, and Route 2), serving a substantial population base of over 520,000 residents within a 10-mile radius. The zoning is designated as 12, and the property sits on 2.88 acres in Albany County. Base rent excludes utilities, janitorial, and HVAC; tenants share pro-rata increases in operating expenses beyond the base year. This is a prime opportunity to establish or expand your practice in a high-demand location.

Property profile

Verified
Property type Office Spaces
Year built 2007
Total area 32,997 SF
Lot 2.88 ac (125,453 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1182 Troy-Schenectady Rd Latham, NY 12110
Latham metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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