950 New Loudon RdLatham, NY 12110

Property Details for 950 New Loudon Rd

Year built

1985

Lot size

4.22 AC

Property size (Sq ft)

41,813 SF

Zone code

16

Property type

Office properties

Property subtype

Office buildings

APN

012689 9.4-3-1.3

APU

1268994313

Description

This exceptional Class A commercial property, located at 950 New Loudon Road in Latham, NY (zip code 12110), offers a diverse range of executive office suites ideal for businesses of all sizes. The building boasts a total of 41,813 square feet, with 15,370 square feet currently available. Units range from a minimum of 1,189 square feet to a maximum contiguous space of 7,898 square feet, providing flexibility for various tenant needs. The property is situated in Albany County and benefits from a highly convenient location, seconds from I-87 and Route 7, ensuring easy access for employees and clients. Its prime location is further enhanced by its proximity to major employers such as the new CDPHP/CCP Healthcare HQ, the new Ayco HQ, and Century Hill Office Plaza, as well as a wide array of retail amenities. The property features ample on-site parking for added convenience. Under new ownership and management, the building has undergone recent improvements, including renovated common areas. The landlord is also willing to accommodate build-to-suit options and subdivide spaces to meet specific tenant requirements. This presents a unique opportunity to secure high-quality office space in a thriving commercial hub. The property is classified as multi-tenant and offers a blend of retail and office space.

• CAP approach

  CAP return

  Valuation

  6%

  $10,386,997

  6.5%

  $9,587,998

  7%

  $8,903,141

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,500,009

  Geo Method

  $5,463,286

• Alternative Use

  Use

  Valuation

  Residential

  $11,889,117

  Hospitality

  $10,890,367

  Educational

  $9,060,658

  Medical

  $9,372,268

  Retail

  $14,094,356

Location Insight

City

Latham

County

Albany

State

New York

Latitude

42.7651

Longitude

-73.7561

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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