613 New Loudon Rd, Latham, NY 12110
For Sale
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
12 · Latham, NYLatham. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.