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

    601 Troy Schenectady Rd Latham, NY 12110

    • Super regional malls
    • 6,904 SF
    • 9.92 lot acres
    For Lease
    View listing
    Last Sale
    Apr 17, 2025
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2913078
    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

    • Amazon Locker - Tig / Courier Service / Postal Service

    Property Details for 601 Troy Schenectady Rd

    Year built
    1995
    Lot size
    9.92 lot acres
    Property size
    6,904 SF
    Zone code
    16
    Property type
    Super regional malls
    APN
    012689 19.3-3-4
    APU
    1268919334

    Description

    This exceptional 5,000 square foot retail space is available for lease in the vibrant Latham, New York market. Located at 601 Troy Schenectady Road, this property offers a prime location with ample parking for customers and employees. The building is classified as a commercial strip center, providing excellent visibility and accessibility. The entire 5,000 square feet is currently vacant, presenting a unique opportunity for a single tenant to establish a significant presence or for multiple tenants to create a thriving retail hub. The property is situated in Albany County, New York, with a convenient zip code of 12110. Its strategic location within Latham ensures high traffic volume and exposure to a diverse customer base. This is an ideal opportunity for businesses seeking a well-maintained, spacious retail space in a bustling commercial area. The property's size and layout offer considerable flexibility for various retail concepts. The ample parking ensures convenient access for customers, enhancing the overall shopping experience. This turnkey retail space is ready for immediate occupancy, allowing businesses to quickly establish their operations and capitalize on the prime location. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers. The property is conveniently located in Latham, NY, offering easy access to major transportation routes and a thriving local community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Latham
    County
    Albany
    State
    New York
    Longitude
    -73.7664
    Latitude
    42.754
    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
    $1,870,000
    $6,309,000
    $8,179,000
    -
    $3,666,677
    $12,370,623
    $16,037,300

    Comparable in this City

    • Value Estimation
      $1,825,000
      154,580 SF

      579 Troy Schenectady Rd

      REGIONAL SHOPPING CENTER, MALL • 154,580 SF
      579 Troy Schenectady Rd, Latham, NY 12110-2819
      View Details
    • Value Estimation
      $1,415,000
      264,473 SF

      873 New Loudon Rd

      REGIONAL SHOPPING CENTER, MALL • 264,473 SF
      873 New Loudon Rd, Latham, NY 12110-2150
      View Details
    • Value Estimation
      $535,000
      33,263 SF

      798 New Loudon Rd

      REGIONAL SHOPPING CENTER, MALL • 33,263 SF
      798 New Loudon Rd, Latham, NY 12110
      View Details
    • Value Estimation by Request
      33,440 SF

      592 New Loudon Rd

      SHOPPING CENTER, STRIP CENTER • 33,440 SF
      592 New Loudon Rd, Latham, NY 12110-4058
      View Details
    • Value Estimation by Request
      22,457 SF

      515 Troy Schenectady Rd

      SHOPPING CENTER, STRIP CENTER • 22,457 SF
      515 Troy Schenectady Rd, Latham, NY 12110-2800
      View Details
    • Value Estimation
      $2,100,000
      22,772 SF

      638 Columbia St Ext

      SHOPPING CENTER, STRIP CENTER • 22,772 SF
      638 Columbia St Ext, Latham, NY 12110-3053
      View Details

    Similar Nearby for Sale

    • $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
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    • $324,900
      1,518 SF

      Turn-Key Commercial Building For Sale

      Remodeled commercial building, operating as a hair salon for 20+ years.
      300 Old Niskayuna Rd, Colonie, NY 12110
      View Details
    • Contact for pricing
      45,000 SF

      Latham Retail Center: Prime Location

      45,000 SF Retail Space For Sale
      800 Loudon Rd, Latham, NY 12110
      View Details
    • $4,500,000
      25,000 SF

      Latham, NY Auto Shop Investment

      Prime Latham location, 25,000 SF, strong lease.
      613 New Loudon Rd, Latham, NY 12110
      View Details
    • $324,900

      Turn-Key Commercial Building For Sale

      Remodeled commercial building, operating as a hair salon for 20+ years.
      300 Old Niskayuna Rd, Latham, NY 12110
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    • $1,200,000
      4,620 SF

      Industrial Buildings For Sale

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

    Similar Nearby for Lease

    • Contact for pricing
      8,746 SF

      Retail Space on Route 9

      8,746 SF retail space with high visibility and accessibility.
      688 Loudon Rd, Latham, NY 12110
      View Details
    • Contact for pricing
      12,280 SF

      Retail Space in New Loudon

      Retail space available in a busy Latham shopping center.
      873 New Loudon Rd, Latham, NY 12110
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space in Thriving Center

      Retail space available in Latham, NY shopping center.
      579 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • Contact for pricing

      Restaurant End Cap Space Available

      Former restaurant space with patio in Latham Farms power center.
      601 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • Contact for pricing
      6,400 SF

      Latham Restaurant Space For Lease

      6,400 SF Free-Standing Restaurant
      675 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Regional Market

      5,000 SF end cap with patio available for lease.
      601-605 Troy Schenectady Rd, Latham, NY 12110
      View Details
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    Latham, NY 12110
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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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