Flex Space with Heated
For Sale
Contact for pricing
18 112th Street, Troy, NY 12182
An overhead door and a blend of natural and overhead lighting support varied workspace needs.
Property Size1,242 SF
Price / SF$0.97
Days on Market156
Property Features for 18 112th Street
General Information
Standard status
Active
Size
1,242 SF
Property subtype
Industrial
Additional Details
Road Access
Yes
Building Details
Year Built
1920
Listing Agency:
Kearney Brown Realty
(518) 482-5000
Listed By:
Michael K Brown · License #10371200479
(518) 858-1944
Source:
Simplywoodardrealestate
Added: Jun 4
Changed: Nov 5
Last Checked: Nov 5 at 9:54AM
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 Kearney Brown Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property offers 1,242 square feet of open heated workspace, with natural light and overhead lighting. An automatic opener serves the overhead door, and the building dates to 1920.
The property has road frontage on 112th Street in Troy, New York.
The property has road frontage on 112th Street in Troy, New York.
Key Highlights
- 1,242 square feet of open heated workspace
- Overhead door with automatic opener
- Natural light plus overhead lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,107
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,140
$182.1K
Cap Rate 7%
$130,100
$130.1K
Cap Rate 9%
$101,189
$101.2K
Market Conditions
NOI Build-Up for 1,242 SF
Gross rent
$11.8K $9.48/SF
− Vacancy
−$1.1K −$0.85/SF
EGI
$10.7K $8.63/SF
− OpEx
−$1.6K −$1.29/SF
NOI
$9.1K $7.33/SF
Area
Rensselaer County, NY
Vacancy
9.00%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,140
Cap Rate 7%
$130,100
Cap Rate 9%
$101,189
Alternative Uses
Best Use
Flex RnD
$191.0K
$167.1K – $222.8K
NOI $13,369 @ 7.0% cap · market cap 1,114.08%
Second Best
Industrial
$187.5K
$164.1K – $218.8K
NOI $13,127 @ 7.0% cap · market cap 1,093.92%
Theoretical Best
Office A
$310.5K
$271.7K – $362.2K
NOI $21,734 @ 7.0% cap · market cap 1,811.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- B-rads Catering — 309 3rd Ave #3208, Troy, NY 12182
Frequently Asked Questions
What type of property is this?
Flex space - An overhead door and a blend of natural and overhead lighting support varied workspace needs.
Where is this flex space located?
The property is located at 18 112th Street Troy, NY.
What are key features of this property?
This property features: 1,242 square feet of open heated workspace; Overhead door with automatic opener; Natural light plus overhead lighting
