Established Plumbing/Heating AC Business For
For Sale
$849,900
323 5th Avenue, Troy, NY
94-year-old plumbing and HVAC business with real estate and client list.
Property Size2,391 SF
Price / SF$355.46
Days on Market402
Property Features for 323 5th Avenue
General Information
Standard status
Active
Size
2,391 SF
Property subtype
Mixed Use
Building Details
Building Size
2,391 SF
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Sep 25, 2025
Changed: Oct 26
Last Checked: Oct 30 at 10:28AM
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 Pyramidbrokerage
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 offering features the longest-established Plumbing/Heating AC business in Troy, with 94 years of operation. A substantial commercial and residential client list in the Capital District includes prominent entities such as Stuyvesant Plaza and Towers, Saint Peters Hospital Health Care Group, CBRE Realty Group Managing Properties, British American, Troy Music Hall, True Troy Prep Elementary & High Schools, Troy Public Library, and numerous churches, synagogues, multi-unit landlords, and homeowners. The owners are prepared to remain in a part-time consulting capacity during the initial transition to aid with procedural ordering, materials, vendors, fielding calls, scheduling work orders, and on-site supervision. The property includes a 2,400 square foot brick building, which comprises a front office, parts storage, warehousing, and a rear two-vehicle garage. Two stocked vans are included in the sale.
Key Highlights
- Established Plumbing/Heating/AC business with 94 years of operation in Troy.
- Extensive commercial and residential client list including Stuyvesant Plaza, Saint Peters Hospital, and Troy Music Hall.
- Owners willing to provide part‑time consulting during the initial transition.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,927
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,540
$738.5K
Cap Rate 7%
$527,529
$527.5K
Cap Rate 9%
$410,300
$410.3K
Market Conditions
NOI Build-Up for 2,391 SF
Gross rent
$63.1K $26.40/SF
− Vacancy
−$13.9K −$5.81/SF
EGI
$49.2K $20.59/SF
− OpEx
−$12.3K −$5.15/SF
NOI
$36.9K $15.44/SF
Area
Albany County, NY
Vacancy
22.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,540
Cap Rate 7%
$527,529
Cap Rate 9%
$410,300
Alternative Uses
Best Use
Office B
$527.5K
$461.6K – $615.5K
NOI $36,927 @ 7.0% cap · market cap 4.34%
Second Best
Retail
$412.3K
$360.8K – $481.0K
NOI $28,861 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$746.1K
$652.8K – $870.5K
NOI $52,227 @ 7.0% cap · market cap 6.15%
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
328
Businesses Nearby
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - 94-year-old plumbing and HVAC business with real estate and client list.
Where is this mixed-use property located?
The property is located at 323 5th Avenue Troy, NY.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Established Plumbing/Heating/AC business with 94 years of operation in Troy.; Extensive commercial and residential client list including Stuyvesant Plaza, Saint Peters Hospital, and Troy Music Hall.; Owners willing to provide part‑time consulting during the initial transition.
