Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500 Federal St Troy, NY 12180

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $21 SF/Yr ($16,870 /Mo)

    Full floor office space with waterfront views in downtown Troy.

    Property size:
    9,640 SF
    Lot size:
    9,640 SF

    Property Features for 500 Federal St

    General Information

    Standard status
    Active
    Size
    9,640 SF

    We can help!

    Listing Contact
    Ann MacAffer
    Source: Cbre

    Listing Agent: Ann MacAffer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Downtown Office Space For Lease

    Available for lease are full floors of office space, up to approximately 9,640 square feet, within a larger building totaling approximately 56,033 square feet. The building is under new ownership and is slated for numerous upgrades. It occupies a prime downtown location just over the Green Island Bridge, offering several possible configurations. The property includes parking for approximately 76 vehicles and features waterfront and downtown views, with windows providing natural light throughout the space. It is located in close proximity to Samaritan and St. Mary’s Hospitals, and within walking distance of restaurants, retail establishments, entertainment venues, the waterfront, and RPI. The property is located on the corner of Federal and River Streets, accessible from I-787 to Green Island Bridge.
    Location Intelligence

    Current Use by Public Records

    Smiles Bring Hope ... Oral Surgeon Troy Dental Office Dentist Shambhuprasad M. Mehta, ... Dentist Dr. Shammi V. ... Dentist Dr. Donald S. ... Dental Implants Periodontist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Albany
    State
    New York
    Longitude
    -73.6878118
    Latitude
    42.7338205

    Nearby Similar for Lease

    • $2,800 /Mo
      2,600 SF

      Versatile Commercial Space with Apartment

      Live-work opportunity: commercial suite with a spacious 2-3 bedroom apartment.
      213 Pawling Ave, Troy, NY 12180
      View Details
    • $2,000 /Mo
      2,320 SF

      Downtown Troy Commercial Space Available

      Versatile commercial space in downtown Troy with high visibility.
      84 Ferry St, Troy, NY 12180
      View Details
    • $18 SF/Yr
      69,000 SF

      Redevelopment Opportunity in Troy, NY

      26.69-acre campus with 69,000 SF building for rehabilitation.
      125 Bloomingrove Dr, Troy, NY 12180
      View Details
    • $1,250 /Mo
      31,313 SF

      Troy Retail Space For Lease

      Prime retail space in busy Troy shopping plaza.
      7 Northern Dr, Troy, NY 12182
      View Details
    • $2,700 /Mo
      3,440 SF

      Troy Restaurant Space Available

      Ready-to-use restaurant space for lease in Troy, NY.
      228-230 4Th St, Troy, NY 12180
      View Details
    • $1,700 /Mo
      2,178 SF

      Troy, NY Commercial Space

      Updated commercial space suitable for office, retail, or restaurant.
      228-230 4Th St, Troy, NY 12180
      View Details
    • $12 SF/Yr
      10,455 SF

      Retail Space in High-Traffic Location

      Retail or office space available in a convenient, accessible location.
      369 2Nd Ave, Troy, NY 12182
      View Details
    • $2,700 /Mo
      3,485 SF

      Downtown Troy Commercial Space

      Commercial space for lease in downtown Troy, approximately 1000 SF.
      74-76 Congress St, Troy, NY 12180
      View Details
    • $24 SF/Yr
      52,731 SF

      Class A Office/Retail Space

      New construction office and retail space in downtown Troy.
      1609 6Th Ave, Troy, NY 12180
      View Details
    • $25 SF/Yr
      1,842 SF

      Retail Space Near Hudson Valley

      Retail space available for lease near Hudson Valley Community College.
      24-26 N Greenbush Rd, Troy, NY 12180
      View Details
    • $25 SF/Yr

      Retail Space Near Hudson Valley

      Retail space available in new development near Hudson Valley College.
      26 North Greenbush Rd, Troy, NY 12180
      View Details
    • Contact for pricing
      2,500 SF

      Oakwood Ave Warehouse Space Available

      Large Warehouse, High Traffic Area
      211 Oakwood Ave, Troy, NY 12182
      View Details

    FAQs

    What type of property is this?
    Office space - Full floor office space with waterfront views in downtown Troy.
    Where is this office space located?
    The property is located at 500 Federal St Troy, NY.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Incredible waterfront and downtown views.; - Prime downtown location near Green Island Bridge.; - Up to ±9,640 SF of office space available.
    (518) 424-4977
    Request Owner's contact information
    500 Federal St Troy, NY 12180
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Federal St
    Troy, NY 12180
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Federal St Troy, NY 12180
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ann MacAffer
    Real Estate License ID: Associate Real Estate Broker
    (518) 424-4977
    Learn more
    Google sign-in failed. Please try again or use another login method.