Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    423 Old Loudon Rd Cohoes, NY 12047

    • Automotive properties
    • 14,744 SF
    • 3.30 lot acres
    OFF-MARKET
    Last Sale
    Oct 02, 2024
    $1,799,999
    Value Estimations
    $1,835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1262013
    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

    • Automotive properties

    Property Details for 423 Old Loudon Rd

    Year built
    1987
    Lot size
    3.30 lot acres
    Property size
    14,744 SF
    Zone code
    12
    Property type
    Automotive properties
    APN
    012689 19.2-1-17
    APU
    12689192117

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,800,000
      ML approach
      $1,800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,943,000
      Market price range: $769k - $3.34M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cohoes
    County
    Albany
    State
    New York
    Longitude
    -73.7528
    Latitude
    42.7638
    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
    $264,000
    $736,000
    $1,000,000
    -
    $517,651
    $1,443,149
    $1,960,800

    Comparable in this City

    • Value Estimation
      $340,000
      36,840 SF

      1 Williams St

      VEHICLE SALES, RENTALS • 36,840 SF
      1 Williams St, Cohoes, NY 12047-1752
      View Details
    • Value Estimation
      $195,000
      3,100 SF

      231 Saratoga St

      VEHICLE SALES, RENTALS • 3,100 SF
      231 Saratoga St, Cohoes, NY 12047-3133
      View Details
    • Value Estimation
      $250,000
      3,540 SF

      361 Saratoga St

      VEHICLE SALES, RENTALS • 3,540 SF
      361 Saratoga St, Cohoes, NY 12047
      View Details
    • Value Estimation
      $145,000
      16,570 SF

      637 Columbia St Ext

      VEHICLE SALES, RENTALS • 16,570 SF
      637 Columbia St Ext, Cohoes, NY 12047
      View Details
    • Value Estimation
      $280,000
      3,474 SF

      1158 New Loudon Rd

      VEHICLE SALES, RENTALS • 3,474 SF
      1158 New Loudon Rd, Cohoes, NY 12047-4904
      View Details
    • Value Estimation
      $190,000
      18,098 SF

      999 New Loudon Rd

      VEHICLE SALES, RENTALS • 18,098 SF
      999 New Loudon Rd, Cohoes, NY 12047-5001
      View Details

    Similar Nearby for Sale

    • $550,000
      Pending

      Turnkey Mixed Use Laundromat

      Updated laundromat with apartments and newer machines for sale.
      8 Garner St, Dunsbach Ferry, NY 12047
      View Details
    • $599,000
      Pending

      Historic Mixed-Use Building in Cohoes

      Fully occupied, renovated mixed-use building with strong income potential.
      86 Remsen St, Cohoes, NY 12047
      View Details
    • $199,900
      440 SF

      Turn-Key Restaurant Opportunity in Cohoes

      Restaurant opportunity near Remsen St, fully equipped and ready.
      300 Ontario St, Cohoes, NY 12047
      View Details
    • $550,000
      Pending

      Mixed-Use Property with Laundromat

      Updated laundromat with apartments in Cohoes, NY.
      8 Garner St, Cohoes, NY 12047
      View Details
    • $450,000
      7,040 SF

      Downtown Cohoes Redevelopment Opportunity

      7,040 SF building in downtown Cohoes for sale.
      91 Remsen St, Cohoes, NY 12047
      View Details
    • $350,000
      Pending

      Commercial Land in Downtown Cohoes

      1.04 acre commercial land for sale in downtown Cohoes.
      178 Ontario St, Cohoes, NY 12047
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Cohoes Retail Space - Route 9R

      Prime 30,000 SF Retail Space, Albany County
      637 Columbia St Ext, Cohoes, NY 12047
      View Details
    • $1,100 /Mo
      9,472 SF

      Mixed-Use Building with Retail Spaces

      Mixed-use building with retail and office space for lease.
      143-149 Remsen St, Cohoes, NY 12047
      View Details
    • $1.00 SF/Yr
      4,000 SF

      Retail Space with Drive-Thru

      New construction retail space with drive-thru in highly populated area.
      70 Delaware Ave, Cohoes, NY 12047
      View Details
    • $1,200 /Mo
      2,944 SF

      Cohoes Office and Retail Space

      Office and retail spaces available for lease in Cohoes.
      184 Remsen St, Cohoes, NY 12047
      View Details
    • $12 SF/Yr
      10,000 SF

      Versatile Space on Remsen Street

      Adaptable retail, office, or warehouse space with high ceilings.
      205 Remsen St, Cohoes, NY 12047
      View Details
    • $1,800 /Mo
      3,536 SF

      Cohoes Commercial Space For Rent

      Commercial space available on highly traveled Columbia Street in Cohoes.
      148 Columbia St, Cohoes, NY 12047
      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.
    423 Old Loudon Rd
    Cohoes, NY 12047
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.