Established Plumbing/Heating AC Business For
323 5th Avenue Troy, NY
323 5th Avenue, Troy, NY, 00000
$849,900
For Sale
$849,900
94-year-old plumbing and HVAC business with real estate and client list.
Property Size2,391 SF
Price / SF$355.46
Days on Market300
Property Features for 323 5th Avenue
General Information
- Standard status
- Active
- Size
- 2,391 SF
- Property subtype
- Mixed Use
Listing agency
Pyramidbrokerage
(518) 489-9199
Listed by
Pyramid Brokerage Albany
(518) 489-9199
Source
Pyramidbrokerage
Added: Sep 25, 2025 Updated: Jul 6 at 8:26AM Checked: Jul 21 at 3:05AM
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 Pyramidbrokerage
Investment Insights
Based on property information with market context.
This offering features the longest-established Plumbing/Heating AC business in Troy, with 94 years of operation. A substantial commercial and residential client list in the Capital District includes prominent entities such as Stuyvesant Plaza and Towers, Saint Peters Hospital Health Care Group, CBRE Realty Group Managing Properties, British American, Troy Music Hall, True Troy Prep Elementary & High Schools, Troy Public Library, and numerous churches, synagogues, multi-unit landlords, and homeowners. The owners are prepared to remain in a part-time consulting capacity during the initial transition to aid with procedural ordering, materials, vendors, fielding calls, scheduling work orders, and on-site supervision. The property includes a 2,400 square foot brick building, which comprises a front office, parts storage, warehousing, and a rear two-vehicle garage. Two stocked vans are included in the sale.
Key Highlights
- Established Plumbing/Heating/AC business with 94 years of operation in Troy.
- Extensive commercial and residential client list including Stuyvesant Plaza, Saint Peters Hospital, and Troy Music Hall.
- Owners willing to provide part‑time consulting during the initial transition.
Local 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 | $63.1k | $26.40 |
| − Vacancy | −$13.9k | −$5.81 |
| EGI | $49.2k | $20.59 |
| − OpEx | −$12.3k | −$5.15 |
| NOI | $36.9k | $15.44 |
2,391 SF · lease $26.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$527.5K
$461.6K – $615.5K
NOI $36,927 @ 7.0% cap · market cap 4.34%
Second Best
Retail
$412.3K
$360.8K – $481.0K
NOI $28,861 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$746.1K
$652.8K – $870.5K
NOI $52,227 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quackenbush & Haegele
HVAC Service
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 94-year-old plumbing and HVAC business with real estate and client list.
Where is this mixed-use property located?
The property is located at 323 5th Avenue Troy, NY.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Established Plumbing/Heating/AC business with 94 years of operation in Troy.; Extensive commercial and residential client list including Stuyvesant Plaza, Saint Peters Hospital, and Troy Music Hall.; Owners willing to provide part‑time consulting during the initial transition.
