Established Plumbing/Heating Business For
323 5th Avenue Troy, NY 12182
323 5th Avenue, Troy, NY, 12182
$525,000
For Sale
$525,000
Long-standing plumbing and HVAC business with real estate and assets.
Property Size2,391 SF
Lot Size0.07 Acres
Price / SF$219.57
Days on Market522
Property Features for 323 5th Avenue
General Information
- Standard status
- Active
- Size
- 2,391 SF
- Lot size
- 0.07 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing Agency
HEER REALTY, INC.
(518) 272-4500
Listed by
JOHN A MAINELLO · License #40MA1036191
Source
Corcoran
Added: Feb 13, 2025 Updated: Jul 6 at 10:04 am Checked: Jul 20 at 4:06 am
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 offering features the longest-established Plumbing/Heating AC business in Troy, with 94 years of operation. The business boasts a substantial commercial and residential client list within the Capital District, including notable 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, 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 physical property includes a 2,400 square foot brick building, which comprises a front office, parts storage, warehousing space, and a rear two-vehicle garage. Two stocked vans are included in the sale.
Key Highlights
- Longest established Plumbing/Heating AC business in Troy (94 years) - Established in 1925!
- Tremendous Commercial and Residential Client list including Stuyvesant Plaza, Saint Peters Hospital, CBRE Realty Group, Troy Music Hall, and more.
- Owners willing to stay on in a part‑time consulting role during the initial transition.
Local Financial Insights For Retail
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 | $43.0k | $18.00 |
| − Vacancy | −$1.8k | −$0.76 |
| EGI | $41.2k | $17.24 |
| − OpEx | −$12.4k | −$5.17 |
| NOI | $28.9k | $12.07 |
2,391 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$412.3K
$360.8K – $481.0K
NOI $28,861 @ 7.0% cap · market cap 5.50%
Second Best
Warehouse
$389.7K
$341.0K – $454.6K
NOI $27,276 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$746.1K
$652.8K – $870.5K
NOI $52,227 @ 7.0% cap · market cap 9.95%
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
Similar Off Market Nearby
- Jack Troy's Auto Body Works Inc. — 366 5th Ave, Troy, NY 12182
- A-1 Automotive — 325 2nd Ave, Troy, NY 12182
- Le Page's Garage — 98 Van Schaick Ave, Cohoes, NY 12047
- Khach's Auto Repair — 110 5th Ave, Troy, NY 12180
- Lv motors auto sales, Auto Detail And Professional Window Tinting — 372 5th Ave, Troy, NY 12182
FAQs
What type of property is this?
Auto shop - Long-standing plumbing and HVAC business with real estate and assets.
Where is this auto shop located?
The property is located at 323 5th Avenue Troy, NY.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Longest established Plumbing/Heating AC business in Troy (94 years) - **Established in 1925!**; Tremendous Commercial and Residential Client list including Stuyvesant Plaza, Saint Peters Hospital, CBRE Realty Group, Troy Music Hall, and more.; Owners willing to stay on in a part‑time consulting role during the initial transition.
