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Financial
Distress signals
Property profile

640 New Loudon Rd Latham, NY 12110

FOR LEASE
Other investment properties
Property ID
US63-2492903
10,080 SF 0.73 ac lot Built 1962
Last sale Jul 2014 · $759,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
640 New Loudon Rd, Latham, NY 12110 For Lease
$440,000 10,080 SF available
640 New Loudon Rd, Latham, NY 12110
View Listing

Property summary

AI-generated overview

The property is a retail and office plaza configured to include both retail space and office space, and it has been operated in a fully leased arrangement. It features a remodeled plaza facade and a pylon sign displaying tenants’ logos for roadway identification. The site provides frontage and visibility from Route 9 and has access via the I-87 exit 5. The listing indicated an available suite size of approximately 1,000 square feet, suitable for uses that combine retail and office functions with prominent signage and street frontage visibility.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$580k
Assessed land$183k
Assessed improvement$398k

Value estimate

· Oct 2026
$440k
$396k – $484k
NOI build-up
Gross scheduled income$181k
Vacancy & credit loss−$8k
Operating expenses−$52k
NOI · 12,167,400.00% cap applied$122k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
County average, outlier-cleaned · 154 recorded sales of this use type
Observed band · Q1–Q3$41 – $108
Qualifying comparables5

Cap rate analysis

How does the asset earn?
12,167,400.00%
$122k 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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.5
Law Firm14.1
Dental Office12.1

Location

640 New Loudon Rd Latham, NY 12110
County assessor Recorded deeds · 6 transfers 5 qualifying comp sales 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 · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4 Weed, Latham, NY 12110-2939 $449,000 Jun 2024 4,290 SF
624 New Loudon, Latham, NY 12110-4061 $990,000 May 2024 14,023 SF
650 Troy Schenectady, Latham, NY 12110-2500 $1,200,000 May 2024 7,100 SF
175 Old Loudon, Latham, NY 12110-3906 $1,500,000 Jan 2021 9,128 SF
644 New Loudon, Latham, NY 12110-4065 $1,850,000 Nov 2020 15,375 SF
678 New Loudon, Latham, NY 12110-4016 $395,000 Nov 2020 4,494 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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