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Property profile & analytics
FOR LEASE
Super regional malls
579 Troy Schenectady Rd, Latham, NY 12110
Entity Owned
Free & Clear
Property ID
US63-1926538
For Lease
1 / 2
$1,825,000
579 Troy Schenectady Rd, Latham, NY 12110
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Property summary
AI-generated overview
Latham Farms, a thriving 629,575 square foot neighborhood retail center in Latham, NY (12110), offers exceptional opportunities for businesses seeking high-traffic locations. Situated on 132.12 acres at 579 Troy Schenectady Rd, this established center boasts a strong tenant mix including national retailers such as Home Depot, Dick's Sporting Goods, Hannaford, Sam's Club, and Ollie's. The property is conveniently located on the I-87 corridor in the New York Capital District, with additional major retailers like Lowe's, Target, and Walmart nearby. Currently, there are multiple spaces available, with a minimum divisible space of 1,482 square feet and a maximum contiguous space of 9,878 square feet. A total of 41,546 square feet is currently vacant. The center features ample parking with 3,312 spaces, built in 1994. This property presents a unique chance to establish or expand your business within a well-established and highly visible retail environment in Albany County. Note that availability is subject to prior rental or withdrawal from the market without notice.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1993
Total area
154,580 SF
Lot
89.34 ac (3,891,650 SF)
Zoning code
16
APN
012689 19.1-2-8
UPID
US63-1926538
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
Current use
Occupant on record · Public records
-
1 Hour Photo (Bike/Boat/Book/etc) Store
-
Iroquois Empire Volleyball Gym & Fitness Center
-
hanafords Grocery & Convenience Store Food Market
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Sam's Club Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
Chick Fil A INC
Chick Fil A INC
since 2025
4 recorded transactions
Zoning & alternative use
16 · Latham, 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 Latham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Latham 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,930,000
Current use
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±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
$12 / 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
$40,850,000
Assessed 2023
Previous assessed
$40,850,000
+0.0% YoY
Assessed land
$13,401,000
Assessed improvement
$27,449,000
Land market value
$26,276,458
Improvement market value
$53,821,542
Total market value
$80,098,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1993
Heating
NONE
Cooling
CENTRAL
Buildings
10
Stories
1
Bathrooms
2
Total area
154,580 SF
Lot
89.34 ac (3,891,650 SF)
Zoning code
16
APN
012689 19.1-2-8
UPID
US63-1926538
Jurisdiction
ALBANY
Zoning & alternative use
16 · Latham, NY
Zoning 16 · permitted uses
16 · Latham, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Latham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1993
Heating
NONE
Cooling
Yes
Stories
1
Buildings
10
Bathrooms
2
Lot
89.34 ac
Current owner
From public records · entity-resolved
Chick Fil A INC
Entity
Free & Clear · 0 yrs held
Mailing address
400 ANDREWS ST STE #500, ROCHESTER, NY 14604-1461
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2025
—
Chick Fil A INC
Latham Farms Owner LLC
Deed
—
Jun 12, 2019
$73,700,000
Latham Farms Owner LLC
Kir Latham Farms LP
Grant Deed
$5,296,829 · Miscellaneous Ins Co
Jun 12, 2019
—
Latham Farms Owner LLC
—
Deed
related
$47,000,000 · Miscellaneous Ins Co
—
—
Latham Farms Owner LLC
—
Loan Modification
related
$47,000,000 · Miscellaneous Ins Co
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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