Modernized Mixed-Use Commercial
For Sale
$489,900
1011-1015 Hoosick Road, Troy, NY 12180
Unique, modernized mixed-use property with two buildings and flexible usage.
Property Size2,768 SF
Lot Size1.01 Acres
Price / SF$176.99
Days on Market184
Property Features for 1011-1015 Hoosick Road
General Information
Standard status
Active
Size
2,768 SF
Lot size
1.01 Acres
Property subtype
Commercial
Building Details
Year Built
1872
Listing Agency:
HEER REALTY, INC.
(518) 272-4500
Listed By:
JOHN A MAINELLO · License #40MA1036191
Source:
Corcoran
Added: Jan 28
Changed: Jul 6
Last Checked: Jul 31 at 8:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HEER REALTY, INC.
Investment Insights
Based on property information with market context.
This unique mixed-use commercial property offers a modernized space while retaining its original 1872 schoolhouse charm. The property includes two buildings. The primary two-story building, previously a law firm and later a cafe, features updated plumbing, a 200 amp electrical system, one full and two half bathrooms, Buderus hot water radiators, insulation, and Pella windows. Additional features include a laundry area with a hidden safe, a commercial kitchen with an Ansil system, an exhaust and ventilation system, a gas boiler, central AC, landscaping with an irrigation system, and new outdoor lights with electrical connections for a commercial sign. The second building is a large 24-foot by 48-foot two-story garage suitable for warehousing or storage. The first floor has 10-foot ceilings and a rear 24-foot by 16-foot finished, heated personal office area. A full second floor provides additional storage space. The combined second-floor areas offer over 4500 square feet of usable space. A covered walking bridge connects the two buildings. The property offers unlimited usage variations, such as running a business from both buildings, operating a business in one and renting out the other, or using the front for business and living in the rear. The property size is 2768 square feet.
Key Highlights
- Unique mixed‑use opportunity in a modernized 1872 school building.
- Two buildings: renovated cafe with commercial kitchen and a large two‑story garage/warehouse with office space.
- 4500+ sqft of usable space across both buildings, connected by a nostalgic covered walking bridge.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.1k | $26.40 |
| − Vacancy | −$16.1k | −$5.81 |
| EGI | $57.0k | $20.59 |
| − OpEx | −$14.2k | −$5.15 |
| NOI | $42.7k | $15.44 |
2,768 SF · lease $26.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$610.7K
$534.4K – $712.5K
NOI $42,749 @ 7.0% cap · market cap 8.73%
Second Best
Specialty Retail
$511.4K
$447.5K – $596.7K
NOI $35,799 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$863.7K
$755.8K – $1.01M
NOI $60,462 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
Business Placement
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
Market
Properties on Market for Mixed-use properties in Rensselaer County
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Unique, modernized mixed-use property with two buildings and flexible usage.
Where is this mixed-use property located?
The property is located at 1011-1015 Hoosick Road Troy, NY.
What is the asking price?
The asking price for this property is $489,900.
What are key features of this property?
This property features: Unique mixed‑use opportunity in a modernized 1872 school building.; Two buildings: **renovated cafe with commercial kitchen** and a large two‑story garage/warehouse with office space.; 4500+ sqft of usable space across both buildings, connected by a nostalgic covered walking bridge.
