Freestanding Retail Building with Pizza
For Sale
$1,300,000
679 Burden Avenue, Troy, NY 12180
Freestanding retail building offers a pizza parlor setup and beverage center with bottle return at a signalized intersection.
Property Size5,672 SF
Price / SF$229.20
Days on Market78
Property Features for 679 Burden Avenue
General Information
Standard status
Active
Size
5,672 SF
Total Parking Spaces
26
Property subtype
Retail
Additional Details
Traffic Count
10,741 vehicles/day
Drive-In Doors
1
Listing Agency:
CBRE | Albany
(518) 727-0862
Listed By:
Brooke Stack · License #Associate Real Estate Broker
(518) 727-0862
Source:
Cbre
Added: Jun 4
Changed: Aug 15
Last Checked: Aug 20 at 10:01AM
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 CBRE | Albany
Investment Insights
Based on property information with market context.
Offered for sale is a 5,672 SF freestanding retail building built out as a pizza parlor and a beverage center with a bottle return. The beverage center includes one grade level door, and the property is arranged to support both food-service and beverage operations under one roof. On-site parking is available with 26 parking spaces.
The property is located in Troy, NY at a signalized intersection with ingress and egress provided at Burden Avenue and Main Street. Vehicle access is designed for both customers and deliveries, supported by the property’s street-level configuration. The provided 2025 AADT traffic count at Burden Ave is 10,741.
This asset is best suited for an operator or owner seeking a freestanding retail location with an existing pizza parlor buildout and a dedicated beverage center concept, including bottle return functionality. The pizza parlor is currently on a lease, with 3 years remaining on the lease term, which may support an owner looking for immediate income while planning for long-term occupancy.
The property is located in Troy, NY at a signalized intersection with ingress and egress provided at Burden Avenue and Main Street. Vehicle access is designed for both customers and deliveries, supported by the property’s street-level configuration. The provided 2025 AADT traffic count at Burden Ave is 10,741.
This asset is best suited for an operator or owner seeking a freestanding retail location with an existing pizza parlor buildout and a dedicated beverage center concept, including bottle return functionality. The pizza parlor is currently on a lease, with 3 years remaining on the lease term, which may support an owner looking for immediate income while planning for long-term occupancy.
Key Highlights
- ±5,672 SF freestanding retail building in Troy, NY
- Built out as a pizza parlor plus a beverage center with bottle return
- ±26 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,356
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,467,120
$1.5M
Cap Rate 7%
$1,047,943
$1.0M
Cap Rate 9%
$815,067
$815.1K
Market Conditions
NOI Build-Up for 5,672 SF
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.
Gross rent
$102.1K $18.00/SF
− Vacancy
−$4.3K −$0.76/SF
EGI
$97.8K $17.24/SF
− OpEx
−$24.5K −$4.31/SF
NOI
$73.4K $12.93/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,467,120
Cap Rate 7%
$1,047,943
Cap Rate 9%
$815,067
Alternative Uses
Best Use
Specialty Retail
$1.05M
$917.0K – $1.22M
NOI $73,356 @ 7.0% cap · market cap 5.64%
Second Best
Retail
$978.1K
$855.8K – $1.14M
NOI $68,466 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,894 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
10,741 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
8,370 visits/mo
0.3 miles
Sunoco
Shops & Services
4,704 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding retail building offers a pizza parlor setup and beverage center with bottle return at a signalized intersection.
Where is this conventional restaurant located?
The property is located at 679 Burden Avenue Troy, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: ±5,672 SF freestanding retail building in Troy, NY; Built out as a pizza parlor plus a beverage center with bottle return; ±26 parking spaces
