Property profile

6 Northway Ln Latham, NY 12110

OFF-MARKET
Manufacturing properties
Property ID
US63-1712485
63,088 SF 4.39 ac lot Built 1982
Individually Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Latham, NY industrial property, located at 6 Northway Lane, offers 63,000 square feet of warehouse space currently available for lease. The building is a fully renovated, modern facility featuring flexible suite sizes ranging from a minimum of 150 square feet to a maximum contiguous space of 1,000 square feet, perfect for a variety of businesses. Tenancy is multiple, allowing for diverse occupancy. The property boasts a three-bay loading dock and material handling equipment for efficient operations. Shared amenities include a coworking cafe, meeting rooms, and a photo studio. High-speed internet is provided, ensuring seamless connectivity. The building underwent a complete renovation, including a deep energy retrofit, and features a 417kW rooftop solar PV array, aiming for net-zero energy consumption. Situated in Albany County, with easy access via 6 Northway Lane, this property presents a unique opportunity in the upstate New York market. The property is ideal for businesses seeking flexible lease terms, starting as short as six months, and a comprehensive suite of amenities within a modern, energy-efficient warehouse environment. The zip code is 12110.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1982
Total area 63,088 SF
Lot 4.39 ac (191,228 SF)
Zoning code 17
APN 012689 30.-3-66.2
UPID US63-1712485

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Warehouse & Storage
  • Roofing Company General Contractor
  • Garden Center

Location

6 Northway Ln Latham, NY 12110-4809
Latham metro Census 13703 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$690k
CAP Approach CAP
by Request
Comparable Approach Comparable
$611k
Blend (final) Blend
$690k

Owner & transaction history

since 2019
1 recorded transaction
2019
$856,000

Zoning & alternative use

17 · Latham, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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