Waterfront Restaurant
For Sale
$1,500,000
Pending
855 Hoosick Road, Troy, NY 12180
Commercial Sale, Troy, NY
Property Size4,060 SF
Lot Size3.55 Acres
Days on Market85
Property Features for 855 Hoosick Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Parking
100
Parking features
Off Street
Patio and Porch features
Patio
Exterior features
Lighting
Basement
Interior Entry, Full
Accessibility
Accessible Approach with Ramp
Lot features
Rolling Slope, Road Frontage, Cleared, Corner Lot, Waterfront
View
Water
Directions
Follow Route 7 (Hoosick Road) Away from Troy Towards Brunswick, Country View Diner is located on the left hand side directly across from Tractor Supply.
Standard status
Pending
APN
382200 91.-2-7.62
Size
4,060 SF
Lot size
3.55 Acres
Taxes and HOA fees
Tax Annual Amount
25855
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
1989
Floors in Building
1
Flooring type
Concrete, Tile, Wood
Building materials
Metal Siding, Block, Drywall, Wood Siding
Roof type
Flat
Listing Agency:
Inglenook Realty Inc
(518) 882-6236
Listed By:
Alec Wright · License #10401394223
(518) 633-7509
Added: Jun 24
Changed: Sep 12
Last Checked: Sep 16 at 1:06AM
MLS# 202620424
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3.55-acre commercial restaurant property includes an approximately 4,060-square-foot building, a 143-seat guest capacity, an active liquor license, and 100+ parking spaces. The existing operation is supported by a patio, public water and sewer, central air, forced-air heating, and a combination of concrete, tile, and wood flooring. The building was constructed in 1989 and includes accessible ramp access.
Located along Hoosick Road, also identified as Route 7, the property offers approximately 650 feet of road frontage and 818 feet of direct frontage on the Brunswick Reservoir. The site is reported to receive exposure to 5.8 million vehicles annually. Commercial zoning and the existing restaurant improvements support continued restaurant use, while the property is also presented as suitable for redevelopment or adaptive reuse.
Located along Hoosick Road, also identified as Route 7, the property offers approximately 650 feet of road frontage and 818 feet of direct frontage on the Brunswick Reservoir. The site is reported to receive exposure to 5.8 million vehicles annually. Commercial zoning and the existing restaurant improvements support continued restaurant use, while the property is also presented as suitable for redevelopment or adaptive reuse.
Key Highlights
- 3.55‑acre commercial restaurant property with approximately 4,060 square feet
- Approximately 818 feet of direct waterfront frontage on the Brunswick Reservoir
- Approximately 650 feet of road frontage along Hoosick Road (Route 7)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,508
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,050,160
$1.1M
Cap Rate 7%
$750,114
$750.1K
Cap Rate 9%
$583,422
$583.4K
Market Conditions
NOI Build-Up for 4,060 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$73.1K $18.00/SF
− Vacancy
−$3.1K −$0.76/SF
EGI
$70.0K $17.24/SF
− OpEx
−$17.5K −$4.31/SF
NOI
$52.5K $12.93/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,050,160
Cap Rate 7%
$750,114
Cap Rate 9%
$583,422
Alternative Uses
Best Use
Specialty Retail
$750.1K
$656.4K – $875.1K
NOI $52,508 @ 7.0% cap · market cap 3.50%
Second Best
Mixed Use
$574.2K
$502.4K – $669.9K
NOI $40,194 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,683 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
15,890 VPD
Traffic count
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
153
Businesses Nearby
32k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 71%
Shops & Services 29%
Tractor Supply Co.
Home Improvements & Furnishings
11,479 visits/mo
0.2 miles
CAP COM Federal Credit Union
Shops & Services
9,126 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
6,100 visits/mo
0.2 miles
Hatchet Hardware Of Brunswick
Home Improvements & Furnishings
5,268 visits/mo
0.3 miles
Demographics for 12180, NY
55,907
Population
25,527
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
995
Density / Sq Mi
$73,767
Median Household Income
$41,787
Median Earnings
$1,188
Median Rent
$233,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant with waterfront frontage, substantial parking, and commercial redevelopment flexibility.
Where is this conventional restaurant located?
The property is located at 855 Hoosick Road Troy, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3.55‑acre commercial restaurant property with approximately 4,060 square feet; Approximately 818 feet of direct waterfront frontage on the Brunswick Reservoir; Approximately 650 feet of road frontage along Hoosick Road (Route 7)
