Property profile

613 New Loudon Rd Latham, NY 12110

FOR SALE
Automotive properties
Property ID
US63-3091595
24,488 SF 2.98 ac lot Built 1960
Entity Owned 13-yr Hold Free & Clear
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613 New Loudon Rd, Latham, NY 12110 For Sale
$4,500,000 24,488 SF
613 New Loudon Rd, Latham, NY 12110
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1960
Total area 24,488 SF
Lot 2.98 ac (129,809 SF)
Zoning code 12
APN 012689 31.4-1-4
UPID US63-3091595

Cap rate & NOI

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

Location

613 New Loudon Rd Latham, NY 12110
Latham metro Census 13604 ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
$831k
Blend (final) Blend
$595k

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

Zoning & alternative use

12 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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