Building Details

Year Built 1925

Buildings 5

Listing Agency: KW Platform

Listed By: Scott P Varley · License #30VA0727304 Show Phone

Source: Signatureonerealtygroup

Added: May 24 Changed: Oct 15 Last Checked: Oct 15 at 12:07AM

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Investment Insights

Based on property information with market context.

This mixed-use property comprises five buildings on 14 acres, combining residential spaces with storage and workshop improvements. The primary residence contains two bedrooms and one bathroom within 816 square feet, along with a 500-gallon septic tank and an attached one-car garage measuring 14 by 20 feet. A second two-bedroom, one-bath residence provides 1,500 square feet. The property also includes a three-bay metal storage garage and a 2,400-square-foot shop with a half bath on the lower level, two bathrooms upstairs, a large upper room, a 2,000-gallon septic system, and an additional shed.

Mixed-use zoning supports a range of property configurations. The site includes a combination of grass fields and wooded areas and is located just off Route 7, minutes from downtown Troy’s riverfront. The property was built in 1925, and lease options will be considered.

Key Highlights

• Five‑building mixed‑use compound on 14 acres
• Mixed‑use zoning with residential, storage, and shop improvements
• Primary 2‑bed/1‑bath home includes 816sqft, a 500‑gallon septic tank, and 14x20 attached garage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,642

Cap Rate

7.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,212,840 $1.2M

Cap Rate 7%

$866,314 $866.3K

Cap Rate 9%

$673,800 $673.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,996 SF

Gross rent

$116.3K $23.28/SF

− Vacancy

−$6.0K −$1.21/SF

EGI

$110.3K $22.07/SF

− OpEx

−$49.6K −$9.93/SF

NOI

$60.6K $12.14/SF

Area

Rensselaer County, NY

Vacancy

5.20%

Lease Rate

$23.28 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,212,840

Cap Rate 7%

$866,314

Cap Rate 9%

$673,800

Alternative Uses

Best Use

Apartment 5plus

$866.3K

$758.0K – $1.01M (±1% cap)

NOI $60,642 @ 7.0% cap · market cap 7.13%

Second Best

Mixed Use

$706.6K

$618.3K – $824.3K (±1% cap)

NOI $49,460 @ 7.0% cap · market cap 5.82%

Theoretical Best

Office A

$1.25M

$1.09M – $1.46M (±1% cap)

NOI $87,424 @ 7.0% cap · market cap 10.29%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Sycaway Bicycle Sales ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Spa & Massage Center Hair Salon Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

239

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Multiple buildings combine residential, storage, and shop components across open fields and wooded acreage.

Where is this mixed-use property located?

The property is located at 104 Lord Avenue Troy, NY.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Five‑building mixed‑use compound on 14 acres; Mixed‑use zoning with residential, storage, and shop improvements; Primary 2‑bed/1‑bath home includes 816sqft, a 500‑gallon septic tank, and 14x20 attached garage