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Financial
Distress signals
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
Last sale Dec 2012
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
613 New Loudon Rd, Latham, NY 12110 For Sale
$4,500,000 24,488 SF
613 New Loudon Rd, Latham, NY 12110
View Listing

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$1.35M
Assessed land$750k
Assessed improvement$600k

Value estimate

· Oct 2026
$595k
$536k – $655k
AI approach$360k
Submarket $/SF estimate$831k
NOI build-up
Gross scheduled income$441k
Vacancy & credit loss−$19k
Operating expenses−$127k
NOI · 6.57% cap applied$296k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$109/SF
County average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$52 – $226

Cap rate analysis

How does the asset earn?
6.57%
$296k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
12
JurisdictionALBANY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office13.9
Law Firm11.9
Electrical Service10.2

Location

613 New Loudon Rd Latham, NY 12110
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
264 Wolf, Latham, NY 12110-4805 $1,750,000 Nov 2020 5,000 SF
951 New Loudon, Latham, NY 12110-2119 $2,513,077 Jun 2020 2,460 SF
Wvlt Shaker, Latham, NY 12110 $520,000 Feb 2019 1,472 SF
48 Rensselaer, Latham, NY 12110-2701 $11,500,000 Dec 2018 40,820 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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