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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    15 Avis Dr Latham, NY 12110-2601

    • Investment properties
    • 18,584 SF
    • 1.98 lot acres
    OFF-MARKET
    Value Estimations
    $670,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3804491
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • RUSH Computer Rental, an Electro Rent Company / Office Equipment Rental Service / Business To Business Service
    • Colonie Youth Center / Preschool / Youth Organization

    Property Details for 15 Avis Dr

    Year built
    1974
    Lot size
    1.98 lot acres
    Property size
    18,584 SF
    Zone code
    17
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    012689 19.3-1-20
    APU
    12689193120

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $921,000
      Market price range: $753k - $2.00M
      AI Estimate
      $824,000
      Market price range: $565k - $1.91M

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

    Location Insight

    • Map
    • Local Demand
    City
    Latham
    County
    Albany
    State
    New York
    Longitude
    -73.7791
    Latitude
    42.7481
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $225,000
    $675,000
    $900,000
    -
    $441,175
    $1,323,525
    $1,764,700

    Comparable in this City

    • Value Estimation
      $835,000
      8,700 SF

      836 Troy Schenectady Rd

      STORE/OFFICE (MIXED USE) • 8,700 SF
      836 Troy Schenectady Rd, Latham, NY 12110-2424
      View Details
    • Value Estimation
      $740,000
      7,684 SF

      785 New Loudon Rd

      STORE/OFFICE (MIXED USE) • 7,684 SF
      785 New Loudon Rd, Latham, NY 12110-3904
      View Details
    • Value Estimation
      $960,000
      9,784 SF

      935 New Loudon Rd

      STORE/OFFICE (MIXED USE) • 9,784 SF
      935 New Loudon Rd, Latham, NY 12110-2154
      View Details
    • Value Estimation
      $1,260,000
      15,130 SF

      767 Troy Schenectady Rd

      STORE/OFFICE (MIXED USE) • 15,130 SF
      767 Troy Schenectady Rd, Latham, NY 12110-2446
      View Details
    • Value Estimation by Request
      5,690 SF

      875 Old Albany Shaker Rd

      STORE/OFFICE (MIXED USE) • 5,690 SF
      875 Old Albany Shaker Rd, Latham, NY 12110-1408
      View Details
    • Value Estimation by Request
      1,602 SF

      Wvlt Shaker Rd

      STORE/OFFICE (MIXED USE) • 1,602 SF
      Wvlt Shaker Rd, Latham, NY 12110
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.40 Acres

      Latham Mixed-Use Property Investment

      1.4-Acre Mixed-Use Opportunity in Latham, NY
      175 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • $149,900
      0.97 Acres

      Commercial Land on Route 7

      Vacant commercial land with high traffic count in Latham.
      957 Troy-Schenectady Rd, Latham, NY 12110
      View Details
    • $4,500,000
      24,488 SF

      Carvana Leased Investment Opportunity

      4.3-acre site with 24,488 SF building leased to Carvana.
      613 New Loudon Rd, Latham, NY 12110
      View Details
    • $1,200,000
      4,620 SF

      Industrial Buildings For Sale

      Two industrial buildings available for purchase.
      11 Terminal Dr, Latham, NY 12110
      View Details
    • $80,000

      Residential Land in Latham Area

      One-acre lot in Latham, desirable location, North Colonie schools.
      98 Pollock Rd, Newtonville, NY 12110
      View Details
    • $1,250,000
      7,254 SF

      Industrial Buildings on Wolf Road

      Two industrial buildings totaling 11,874 SF available for purchase.
      284 Wolf Rd, Latham, NY 12110
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      22,000 SF

      Mixed-Use Building on Troy Schenectady Rd

      Mixed-use building with retail and office space for rent.
      1207 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • $1.00 SF/Yr
      22,457 SF

      Latham Circle Retail Opportunity

      Prime regional location with major renovations planned in Latham Circle.
      515 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • $18 SF/Yr
      30,517 SF

      First Floor Office Space Available

      First floor office space with expansion potential and high visibility.
      920 Albany Shaker Rd, Latham, NY 12110
      View Details
    • $18 SF/Yr
      84,974 SF

      Class A Office Space Available

      First-floor Class A office space with on-site amenities for lease.
      10 British American Blvd, Latham, NY 12110
      View Details
    • $18,079,106
      1,250 SF

      Latham Office Space Available

      Office space available for rent in Latham, New York.
      952 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • $75,000
      2,500 SF

      Retail Space in Latham Corridor

      New construction retail space with drive-thru in Latham, NY.
      638 New Loudon Rd, Latham, NY 12110
      View Details

    Property Visit Statistics

    • Visits by month
      5.8k
    • Visitors by month
      1.1k
    • Avg Time on site
      38 min
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    15 Avis Dr
    Latham, NY 12110-2601
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    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
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