First-Floor Retail Space with High
For Sale
Contact for pricing
35 4th Street #N-101, Troy, NY 12180
An open-plan layout offers flexibility, with the option to join an adjoining space.
Property Size114,198 SF
Price / SF$0.02
Days on Market69
Property Features for 35 4th Street #N-101
General Information
Standard status
Active
Size
114,198 SF
Property subtype
Retail
Additional Details
Floor
Ground
Utilities to Site
Yes
Amenities
high-speed fiber optic internet service
Building Details
Year Built
1920
Listing Agency:
NAI Platform LLC
(518) 465-1400
Listed By:
Anton Pasquill · License #10401318851
(518) 779-0107
Source:
Simplywoodardrealestate
Added: Aug 25
Changed: Nov 1
Last Checked: Nov 1 at 2:59PM
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 NAI Platform LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
First-floor retail space is available in the North Atrium, a building constructed in 1920. The suite has an open floor plate and high ceilings, with access to high-speed fiber-optic internet service. An adjoining space may be combined with this one, bringing the total to 5,248 USF. A tenant improvement allotment is also offered.
The building is located at the entrance to historic downtown Troy, alongside the Troy Waterfront Farmer's Market.
The building is located at the entrance to historic downtown Troy, alongside the Troy Waterfront Farmer's Market.
Key Highlights
- First‑floor retail suite with an open floor plate and high ceilings
- May be combined with adjacent space for a total of 5,248 USF
- Access to high‑speed fiber‑optic internet service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,451,979
Suggested Prices Based on Cap Rates
Cap Rate 5%
$29,039,580
$29.0M
Cap Rate 7%
$20,742,557
$20.7M
Cap Rate 9%
$16,133,100
$16.1M
Market Conditions
NOI Build-Up for 114,198 SF
Gross rent
$2.17M $18.96/SF
− Vacancy
−$90.9K −$0.80/SF
EGI
$2.07M $18.16/SF
− OpEx
−$622.3K −$5.45/SF
NOI
$1.45M $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%
$29,039,580
Cap Rate 7%
$20,742,557
Cap Rate 9%
$16,133,100
Alternative Uses
Best Use
Retail
$20.74M
$18.15M – $24.20M
NOI $1,451,979 @ 7.0% cap · market cap 51,856.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.55M
$24.98M – $33.31M
NOI $1,998,337 @ 7.0% cap · market cap 71,369.18%
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
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,100
Businesses Nearby
49k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 61%
Shops & Services 19%
Hotels & Casinos 9%
Home Improvements & Furnishings 7%
Dinosaur Bar-B-Que
Dining
13,805 visits/mo
0.2 miles
Dunkin' Donuts
Dining
6,782 visits/mo
0.4 miles
Dunkin' Donuts
Dining
5,981 visits/mo
0.2 miles
Best Western Plus Franklin Square Inn Troy/Albany
Hotels & Casinos
4,137 visits/mo
0.2 miles
Ace Hardware
Home Improvements & Furnishings
3,482 visits/mo
0.1 miles
Demographics for 12180, NY
55,907
Population
25,527
Households
2.2
Avg Household Size
33
Median Age
40%
College-Educated
90%
High-School Grad
56.2 sq mi
ZIP Area
995
Density / Sq Mi
$73,767
Median Household Income
$41,787
Median Earnings
$1,188
Median Rent
$233,000
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 - An open-plan layout offers flexibility, with the option to join an adjoining space.
Where is this retail space located?
The property is located at 35 4th Street #N-101 Troy, NY.
What are key features of this property?
This property features: First‑floor retail suite with an open floor plate and high ceilings; May be combined with adjacent space for a total of 5,248 USF; Access to high‑speed fiber‑optic internet service
