Add Listing
    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

    16 N Greenbush Rd Troy, NY 12180

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Fully built-out retail space in mixed-use health & wellness project.

    Property size:
    2,665 SF
    Lot size:
    5.99 Acres

    Property Features for 16 N Greenbush Rd

    General Information

    Size
    2,665 SF
    Lot size
    5.99 Acres

    We can help!

    Listing Contact
    Shannon Older
    Shannon Older
    Source: Moodyscre

    Listing Agency: Atlantic Retail | Albany Listing Agent: Shannon Older

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

    Learn more

    Property Insight Report

    Overview

    Former Salon Retail Space Available

    This 2,665 square foot retail space is a fully built-out former salon. It is part of a mixed-use project focused on health and wellness, featuring a blend of national and local tenants. The property is situated on Route 4, directly across from Hudson Valley Community College. Access is available at a signalized intersection and through the adjacent V Square project. The second story office space is fully leased. The property is available for rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Panera Bread Cafe & Coffee Shop The Green Room Physical ... Physician Emergency Dentist Troy Dental Office The Face Space Spa & Massage Center Harmony Counseling, PLLC Foster Care Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Albany
    State
    New York
    Longitude
    -73.690287
    Latitude
    42.695279

    Nearby Similar for Lease

    • New
      $2,400 /Mo
      4,356 SF

      Downtown Troy Corner Office Space

      Modern 1,580 SF office space in vibrant downtown Troy.
      403 Fulton St, Troy, NY 12180
      View Details
    • $2,850 /Mo

      Downtown Troy Commercial Space

      Commercial space for lease in downtown Troy.
      81 4Th St, 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
    • $2,000 /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
    • $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
    • $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
    • $1,625 /Mo
      1,300 SF

      Retail Space in Historic Troy

      1,300 SF retail space for lease in Troy, NY.
      342 Congress St, Troy, NY 12180
      View Details
    • $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
    • $2,700 /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
    • $5,400 /Mo
      6,000 SF

      Industrial Building with Office Space

      6,000 SF industrial building with warehouse and office space.
      15 Lower Hudson Ave, Troy, NY 12183
      View Details
    • $1,625 /Mo
      1,300 SF

      Retail Space in Historic Troy

      Ground floor retail space available for lease in Troy.
      342 Congress St, Troy, NY 12180
      View Details
    • $12 SF/Yr
      14,840 SF

      Office and Warehouse Space Available

      27,040 SF office and warehouse space for lease.
      79 102Nd St, Troy, NY 12180
      View Details

    FAQs

    What type of property is this?
    Retail space - Fully built-out retail space in mixed-use health & wellness project.
    Where is this retail space located?
    The property is located at 16 N Greenbush Rd Troy, NY.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Fully built out former salon, ready for immediate occupancy or adaptation.; - Located in a mixed-use project focused on health & wellness, attracting a specific customer base.; - High-traffic location on Route 4, ensuring visibility.
    (518) 785-8200 Call to check price and availability
    Request Owner's contact information
    16 N Greenbush Rd 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.
    16 N Greenbush Rd
    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
    16 N Greenbush Rd 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shannon Older
    Shannon Older
    (518) 785-8200 (518) 495-6517
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!