Mixed-Use Property With Two
For Sale
$489,900
10111015 Hoosick Road, Troy, NY 12180
Two connected structures offer a commercial kitchen, office area, storage, and off-street parking.
Property Size2,768 SF
Price / SF$176.99
Days on Market206
Property Features for 10111015 Hoosick Road
General Information
Standard status
Active
Size
2,768 SF
Property subtype
Office
Warehouse & Industrial
Office Build-Out
384 SF
Power
200 amps
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,599
Amenities
commercial kitchen
laundry
central air conditioning
landscaping
irrigation system
covered walking bridge
Central Air
3
Hardwood, Tile, Concrete, Laminate
Asphalt
Parking.
25 Parking Spaces. Off Street, Paved Driveway, Gravel, Heated Garage.
Garden/Lawn
278 x 181
Garden, Exterior Lighting, Landscaped.
Building Details
Year Built
1872
Buildings
2
Listing Agency:
Heer Realty Inc
(518) 209-1424
Listed By:
John Mainello · License #40MA1036191
(518) 209-1424
Source:
Xome
Added: Jan 22
Changed: Aug 14
Last Checked: Aug 16 at 3:42AM
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 mixed-use property includes a two-story primary building and a separate two-story garage and warehouse structure linked by a covered walking bridge. The primary building contains one full bath and two half baths, central AC, updated plumbing, 200 amp electrical service, insulated construction, Pella windows, hardwood and tile finishes, and a commercial kitchen with Ansul system, exhaust, and ventilation. Additional features include a gas boiler, laundry area with a hidden safe, exterior lighting, and a sign connection.
The second building measures 24' x 48' and provides 10' ceilings on the first floor, a finished 24' x 16' heated office area at the rear, and walk-up second-floor storage. The property also includes 25 off-street parking spaces, a paved driveway, gravel areas, a heated garage, landscaping, garden areas, and irrigation. Located at 10111015 Hoosick Road in Troy, NY, the property was built in 1872 and occupies a 278 x 181 site.
The second building measures 24' x 48' and provides 10' ceilings on the first floor, a finished 24' x 16' heated office area at the rear, and walk-up second-floor storage. The property also includes 25 off-street parking spaces, a paved driveway, gravel areas, a heated garage, landscaping, garden areas, and irrigation. Located at 10111015 Hoosick Road in Troy, NY, the property was built in 1872 and occupies a 278 x 181 site.
Key Highlights
- Two‑story primary building with one full bath and two half baths
- Commercial kitchen with Ansul system, exhaust, and ventilation
- Separate 24' x 48' two‑story garage and warehouse building
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
$42,749
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
8.73%
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%
$854,980
$855.0K
Cap Rate 7%
$610,700
$610.7K
Cap Rate 9%
$474,989
$475.0K
Market Conditions
NOI Build-Up for 2,768 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 $26.40/SF
− Vacancy
−$16.1K −$5.81/SF
EGI
$57.0K $20.59/SF
− OpEx
−$14.2K −$5.15/SF
NOI
$42.7K $15.44/SF
Area
Albany County, NY
Vacancy
22.00%
Lease Rate
$26.40 /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%
$854,980
Cap Rate 7%
$610,700
Cap Rate 9%
$474,989
Alternative Uses
Best Use
Office B
$610.7K
$534.4K – $712.5K
NOI $42,749 @ 7.0% cap · market cap 8.73%
Second Best
Warehouse
$451.1K
$394.7K – $526.3K
NOI $31,576 @ 7.0% cap · market cap 6.45%
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
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
46
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
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two connected structures offer a commercial kitchen, office area, storage, and off-street parking.
Where is this mixed-use property located?
The property is located at 10111015 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: Two‑story primary building with one full bath and two half baths; Commercial kitchen with Ansul system, exhaust, and ventilation; Separate 24' x 48' two‑story garage and warehouse building
