Turnkey Business Near RPI
2253 15th Street Troy, NY
2253 15th Street, Troy, NY, 00000
$850,000
For Sale
$850,000
Remodeled mixed-use property near college, hospitals, and major highway.
Property Size1,978 SF
Price / SF$429.73
Days on Market299
Property Features for 2253 15th Street
General Information
- Standard status
- Active
- Size
- 1,978 SF
- Property subtype
- Mixed Use
Listing Agency
America Realty Group
(518) 489-9199
Listed by
Pyramid Brokerage Albany · License #347444
(518) 489-9199
Source
Pyramidbrokerage
Added: Sep 25, 2025 Checked: Jul 20 at 1:41 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 America Realty Group
Investment Insights
Based on property information with market context.
This mixed-use property is located less than one mile from RPI Technical College, which has 9,500 students, and within walking distance of two major hospitals. The property was completely remodeled in 2010 by its owner, a professional contractor, and has been very well maintained by the family that owns it. It is located one mile from a major highway. The property includes an office or bedroom with a full bath upstairs, a walkout basement, and a full kitchen. The property size is 1,978 square feet. This is a turnkey business opportunity.
Key Highlights
- Prime location less than a mile from RPI Technical College (9,500 students).
- Walking distance to two major hospitals.
- Turn‑key business opportunity.
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 | $35.6k | $18.00 |
| − Vacancy | −$1.5k | −$0.76 |
| EGI | $34.1k | $17.24 |
| − OpEx | −$10.2k | −$5.17 |
| NOI | $23.9k | $12.07 |
1,978 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$341.1K
$298.5K – $397.9K
NOI $23,876 @ 7.0% cap · market cap 2.81%
Second Best
Mixed Use
$279.7K
$244.8K – $326.4K
NOI $19,582 @ 7.0% cap · market cap 2.30%
Theoretical Best
Office A
$617.2K
$540.1K – $720.1K
NOI $43,206 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
O'Leary's Tavern
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Remodeled mixed-use property near college, hospitals, and major highway.
Where is this mixed-use property located?
The property is located at 2253 15th Street Troy, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime location less than a mile from RPI Technical College (9,500 students).; Walking distance to two major hospitals.; Turn‑key business opportunity.
