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Property profile & analytics
FOR SALE
Automotive properties
1173 New Loudon Rd Cohoes, NY 12047
Individually Owned
Free & Clear
Property ID
US63-2853848
For Sale
$650,000
1173 New Loudon Rd, Cohoes, NY 12047
View Listing →
Property summary
AI-generated overview
This exceptional 2.5-acre commercial land parcel, located at 1173 New Loudon Road in Cohoes, New York (zip code 12047), presents a unique development opportunity. Priced at $650,000, this property boasts a strategic location along Route 9, ensuring high visibility and accessibility. The land is zoned COR, allowing for a variety of permitted uses. Two convenient access points are already established, simplifying development plans. A full survey is readily available for review. The site benefits from existing public water and sewer infrastructure, eliminating significant upfront costs. Currently slated for subdivision, this parcel offers investors a chance to capitalize on its prime location and versatile zoning. The land value is calculated at $5.97 per square foot. This high-traffic corridor location in Albany County provides excellent exposure for any commercial venture. Don't miss this chance to acquire a ready-to-develop site in a thriving New York community.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1980
Total area
5,832 SF
Lot
4.5 ac (196,020 SF)
Zoning code
12
APN
012689 5.3-1-23
UPID
US63-2853848
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$195k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$200k
Owner & transaction history
GERALD J NAPOLITANO
GERALD J NAPOLITANO
Zoning & alternative use
12 · Cohoes, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cohoes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cohoes submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$200k
Range $180k – $220k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$34 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$319,000
Assessed 2023
Previous assessed
$319,000
+0.0% YoY
Assessed land
$228,000
Assessed improvement
$91,000
Land market value
$447,066
Improvement market value
$178,434
Total market value
$625,500
Applied tax rate
12,605.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Sale
Year built
1980
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
5,832 SF
Lot
4.5 ac (196,020 SF)
Zoning code
12
APN
012689 5.3-1-23
UPID
US63-2853848
Jurisdiction
ALBANY
Zoning & alternative use
12 · Cohoes, NYZoning 12 · permitted uses
12 · Cohoes, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
4.5 ac
Current owner
From public records · entity-resolved
GERALD J NAPOLITANO
Individual
Free & Clear · 0 yrs held
Mailing address
1173 NEW LOUDON RD, COHOES, NY 12047-4901
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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