Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7 Hemlock St Latham, NY 12110-2203
    Property profile & analytics

    7 Hemlock St, Latham, NY 12110-2203

    View on Map
    • Warehouses
    • 10,754 SF
    • 3.80 lot acres
    Off-Market
    Property ID
    US63-0306463
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 518 Management Group LLC / Property Management Company
    • F.W. Webb Company (Waterworks Division) - Latham / Water Works Equipment Supplier / Pipe Supplier

    Property Details for 7 Hemlock St

    Year built
    1970
    Lot size
    3.80 lot acres
    Zone code
    17
    Property type
    Warehouses
    APN
    012689 30.-3-44
    APU
    1268930344

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 27, 2019 — Rexford Holding Group — Deed · related $295k · Berkshire Bk
    Nov 30, 2018 — Rexford Holding Group LLC Vellano Holdings LLC Dual Purpose Document · related $416k · Private Individual
    Jan 18, 2012 — Vellano Holdings LLC Vellano Bros INC Quit Claim Deed · related —
    Dec 27, 2011 — Vellano Bros INC — Deed Of Trust · related $1.3M · M & T Bank
    — — Vellano Holdings LLC — Deed Of Trust · related $500k · M&t Bk
    — — Rexford Holding Group — Loan Modification · related $295k · Berkshire Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Latham
    County
    Albany
    State
    New York
    Longitude
    -73.7951
    Latitude
    42.7372
    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
    $285,000
    $465,000
    $750,000
    -
    $558,828
    $911,772
    $1,470,600

    Comparable in this City

    • Value Estimation by Request
      54,000 SF

      Lear Jet Ln

      Individual retail properties
      0 Lear Jet Ln, Latham, NY 12110
      View Details
    • Value Estimation
      $2,300,000
      122,946 SF

      33 Wade Rd

      WAREHOUSE, STORAGE
      33 Wade Rd, Latham, NY 12110-2604
      View Details
    • Value Estimation by Request
      13,300 SF

      Wvlt Shaker Rd

      WAREHOUSE, STORAGE
      Wvlt Shaker Rd, Latham, NY 12110
      View Details
    • Value Estimation
      $1,050,000
      61,898 SF

      3 Airport Park Blvd

      WAREHOUSE, STORAGE
      3 Airport Park Blvd, Latham, NY 12110-6419
      View Details
    • Value Estimation by Request
      4,620 SF

      11 Terminal Dr

      Distribution properties
      11 Terminal Dr, Latham, NY 12110
      View Details
    • Value Estimation
      $680,000
      29,428 SF

      5 Avis Dr

      WAREHOUSE, STORAGE
      5 Avis Dr, Latham, NY 12110-2601
      View Details

    Similar Nearby for Sale

    • $4,100,000
      27,698 SF

      Freestanding Office/Warehouse Facility For Sale

      27,698 SF office/warehouse with loading docks and fenced yard.
      138 Sicker Rd, Latham, NY 12110
      View Details
    • Contact for pricing
      27,698 SF

      Freestanding Office/Warehouse Facility For Sale

      27,698 SF office/warehouse with loading docks and fenced yard.
      138 Sicker Rd, Latham, NY 12110
      View Details
    • Contact for pricing
      Pending

      Latham Mixed-Use Property For Sale

      Mixed-use property with retail, warehouse, and apartment in Latham.
      285 Old Niskayuna Rd, Latham, NY 12110
      View Details
    • Contact for pricing
      20,256 SF

      Latham Flex Space For Sale

      Flex space property in Airport Business Area, Latham, NY.
      4 Avis Dr, Latham, NY 12110
      View Details
    • $149,900
      Pending

      Commercial Land on Route 7

      Vacant commercial land with high traffic count in Latham.
      957 Troy-Schenectady 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

    Similar Nearby for Lease

    • $10 SF/Yr
      11,300 SF

      Industrial Warehouse with Office Space

      11,300 SF industrial warehouse with office and showroom capabilities.
      773 Watervliet Shaker Rd, Latham, NY 12110
      View Details
    • Contact for pricing
      13,100 SF

      Latham Flex Space Near Airport

      Flex space near Albany Airport with loading dock and OH door.
      6 British American Blvd, Latham, NY 12110
      View Details
    • Contact for pricing
      40,000 SF

      Warehouse/Flex Space Near Airport

      Up to 40,000 SF warehouse/flex space for lease.
      317 Old Niskayuna Rd, Latham, NY 12110
      View Details
    • $8 SF/Yr
      64,000 SF

      Warehouse with Office Sublease

      64,000 SF warehouse sublease with office space near I-87.
      4 Stanley Cir, Latham, NY 12110
      View Details
    • $12 SF/Yr
      2,955 SF

      7 Avis Drive, Latham, NY, 12110

      Flex space
      7 Avis Dr, Latham, NY 12110
      View Details
    • Contact for pricing

      Warehouse/Flex Space Near Airport

      Up to 40,000 SF warehouse/flex space for lease.
      317 Old Niskayuna Rd, Colonie, NY 12110
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7 Hemlock St
    Latham, NY 12110-2203
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7 Hemlock St, Latham, NY, 12110
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!