Retail Space with Off-Street
For Sale
Contact for pricing
Pending
369 2nd Avenue, Troy, NY 12182
Nearby NAPA Auto Parts and Dollar General serve customers from the surrounding residential area.
Property Size10,455 SF
Days on Market588
Property Features for 369 2nd Avenue
General Information
Standard status
Pending
Size
10,455 SF
Property subtype
Retail
Amenities
off-street parking
Building Details
Year Built
1920
Listing Agency:
Hanna Commercial
(518) 458-7000
Listed By:
Sanjiv Patel · License #10401377015
(518) 992-5224
Source:
Simplywoodardrealestate
Added: Mar 25, 2025
Changed: Nov 1
Last Checked: Nov 1 at 3:35PM
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 Hanna Commercial
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Investment Insights
Based on property information with market context.
This 10,455-square-foot retail space at 369 2nd Avenue was built in 1920. The property has off-street parking and is described as accessible by public transportation. Potential uses identified for the space include convenience retail, a deli, liquor sales, general retail, office, and fitness studio operations.
The property is on Route 4, beside NAPA Auto Parts and across the street from a recently built Dollar General. Neighboring businesses draw customers from the surrounding residential area.
The property is on Route 4, beside NAPA Auto Parts and across the street from a recently built Dollar General. Neighboring businesses draw customers from the surrounding residential area.
Key Highlights
- 10,455‑square‑foot retail space built in 1920
- Off‑street parking available
- On Route 4, beside NAPA Auto Parts and across from a recently built Dollar General
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,931
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,658,620
$2.7M
Cap Rate 7%
$1,899,014
$1.9M
Cap Rate 9%
$1,477,011
$1.5M
Market Conditions
NOI Build-Up for 10,455 SF
Gross rent
$198.2K $18.96/SF
− Vacancy
−$8.3K −$0.80/SF
EGI
$189.9K $18.16/SF
− OpEx
−$57.0K −$5.45/SF
NOI
$132.9K $12.71/SF
Area
Rensselaer County, NY
Vacancy
4.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,658,620
Cap Rate 7%
$1,899,014
Cap Rate 9%
$1,477,011
Alternative Uses
Best Use
Specialty Retail
$2.32M
$2.03M – $2.70M
NOI $162,257 @ 7.0% cap · market cap 1,352,141.67%
Second Best
Retail
$1.90M
$1.66M – $2.22M
NOI $132,931 @ 7.0% cap · market cap 1,107,758.33%
Theoretical Best
Office A
$2.61M
$2.29M – $3.05M
NOI $182,951 @ 7.0% cap · market cap 1,524,591.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 98%
Home Improvements & Furnishings 2%
Cumberland Farms
Shops & Services
16,027 visits/mo
0.4 miles
Gulf Oil
Shops & Services
9,172 visits/mo
0.2 miles
Dollar General
Shops & Services
7,682 visits/mo
0.0 miles
Citgo
Shops & Services
5,615 visits/mo
0.4 miles
Mobil
Shops & Services
4,368 visits/mo
0.4 miles
Demographics for 12182, NY
14,657
Population
7,314
Households
2
Avg Household Size
42
Median Age
29%
College-Educated
89%
High-School Grad
13.7 sq mi
ZIP Area
1,070
Density / Sq Mi
$54,663
Median Household Income
$47,077
Median Earnings
$1,012
Median Rent
$195,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Nearby NAPA Auto Parts and Dollar General serve customers from the surrounding residential area.
Where is this retail space located?
The property is located at 369 2nd Avenue Troy, NY.
What are key features of this property?
This property features: 10,455‑square‑foot retail space built in 1920; Off‑street parking available; On Route 4, beside NAPA Auto Parts and across from a recently built Dollar General
