Troy Office Building For
400 Jordan Road Troy, NY
400 Jordan Road, Troy, NY, 00000
$12,500,000
For Sale
$12,500,000
Office building with easy access to Route 787.
Property Size28,823 SF
Price / SF$433.68
Days on Market300
Property Features for 400 Jordan Road
General Information
- Standard status
- Active
- Size
- 28,823 SF
- Property subtype
- Office
Listing agency
Pyramidbrokerage
(518) 489-9199
Listed by
Pyramid Brokerage Albany
(518) 489-9199
Source
Pyramidbrokerage
Added: Sep 25, 2025 Updated: Jul 6 at 8:28AM Checked: Jul 21 at 3:04AM
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 office building is located in Troy, NY, and offers convenient access to Route 787. The property features on-site management and maintenance. The available space on the 3rd floor totals 23,659 rentable square feet and can be subdivided. The space is described as being in like-new condition. A portion of the space, 5,164 square feet, is finished to shell and ready for build-out. The building is equipped with back-up generators and a loading dock. The location provides proximity to restaurants, daycare facilities, healthcare providers, banks, and shopping.
Key Highlights
- Great location with easy access to Rte. 787.
- Space is in "like new" condition.
- On‑site management and maintenance.
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 | $760.9k | $26.40 |
| − Vacancy | −$167.4k | −$5.81 |
| EGI | $593.5k | $20.59 |
| − OpEx | −$148.4k | −$5.15 |
| NOI | $445.1k | $15.44 |
28,823 SF · lease $26.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.36M
$5.56M – $7.42M
NOI $445,142 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.99M
$7.87M – $10.49M
NOI $629,583 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triad Group, LLC
Insurance Agency
Virtusa Corporation
Corporate Office
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office building with easy access to Route 787.
Where is this office building located?
The property is located at 400 Jordan Road Troy, NY.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Great location with easy access to Rte. 787.; Space is in "like new" condition.; On‑site management and maintenance.
