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    Property profile & analytics

    613 New Loudon Rd Latham, NY 12110

    • Automotive properties
    • 24,488 SF
    • 2.98 lot acres
    For Sale
    View listing
    $4,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3091595
    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 613 New Loudon Rd

    Year built
    1960
    Lot size
    2.98 lot acres
    Property size
    24,488 SF
    Zone code
    12
    Property type
    Automotive properties
    APN
    012689 31.4-1-4
    APU
    1268931414

    Description

    This exceptional investment opportunity presents a 25,000-square-foot auto shop situated on a substantial 4.3-acre lot at 613 New Loudon Road in Latham, New York, within Albany County. The property, currently leased to Carvana, offers a significant income stream with the initial lease term expiring December 31, 2026. The tenant holds two three-year options to extend the lease, providing long-term stability and predictable cash flow. The expansive lot provides ample parking, a key advantage for this type of business. Detailed financial information is available upon request to qualified buyers. This offering includes the property at 613 New Loudon Road. The property is classified as retail and is zoned appropriately for its current use as an auto shop. The location in Latham, NY, offers excellent visibility and accessibility, contributing to the property's strong investment potential. This is a rare opportunity to acquire a well-established, income-producing property in a desirable market. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $360,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $830,000
      Market price range: $389k - $1.58M

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

    Location Insight

    • Map
    • Local Demand
    City
    Latham
    County
    Albany
    State
    New York
    Longitude
    -73.7601
    Latitude
    42.7299
    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
    $750,000
    $600,000
    $1,350,000
    -
    $1,470,611
    $1,176,489
    $2,647,100

    Comparable in this City

    • Value Estimation
      $685,000
      20,215 SF

      965 New Loudon Rd

      VEHICLE SALES, RENTALS • 20,215 SF
      965 New Loudon Rd, Latham, NY 12110
      View Details
    • Value Estimation
      $1,245,000
      40,820 SF

      48 Rensselaer Ave

      VEHICLE SALES, RENTALS • 40,820 SF
      48 Rensselaer Ave, Latham, NY 12110-2701
      View Details
    • Value Estimation
      $555,000
      17,623 SF

      550 Troy Schenectady Rd

      VEHICLE SALES, RENTALS • 17,623 SF
      550 Troy Schenectady Rd, Latham, NY 12110-2826
      View Details
    • Value Estimation by Request
      1,715 SF

      Alb Shaker Rd

      VEHICLE SALES, RENTALS • 1,715 SF
      Alb Shaker Rd, Latham, NY 12110
      View Details
    • Value Estimation by Request
      564 SF

      167 Troy Schenectady Rd

      VEHICLE SALES, RENTALS • 564 SF
      167 Troy Schenectady Rd, Latham, NY 12110
      View Details
    • Value Estimation
      $1,335,000
      35,758 SF

      723 New Loudon Rd

      VEHICLE SALES, RENTALS • 35,758 SF
      723 New Loudon Rd, Latham, NY 12110-4017
      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
      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
      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
    • $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
      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
    • $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

    Similar Nearby for Lease

    • Contact for pricing
      6,500 SF

      Latham Retail Center: Wolf Road

      Prime Latham retail space, 4,000 sq ft available.
      244 Wolf Rd, Latham, NY 12110
      View Details
    • Contact for pricing
      1,500 SF

      Prime Retail Space in Latham

      High-visibility retail space available in Latham, New York.
      678 New Loudon 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
    • New
      $17 SF/Yr
      195,149 SF

      Latham Retail/Warehouse Space Available

      Retail and warehouse space with high visibility on Route 7.
      836 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
      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
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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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