Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in High-Traffic Location Title is generated by Realmo AI

    369 2nd Avenue, Troy, NY 12182

    View on Map
    Claim this Listing
    For Lease
    $12 SF/Yr $10,455/Mo (calc)

    COMMERCIAL - Other - Troy, NY

    Type:Retail
    Property size:
    10,455 SF
    Lot size:
    0.89 Acres
    Added:
    Mar 25, 2025
    Days on Market:
    418
    Last Refresh:
    May 16 at 4:06 pm

    Property Features for 369 2nd Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking
    25
    Standard status
    Active
    APN
    381700 80.78-1-1
    Size
    10,455 SF
    Lot size
    0.89 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6043

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public
    Water front
    1

    Building Details

    Year built
    1920
    Floors in Building
    1
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Sanjiv Patel

    Listing agent Sanjiv Patel License #10401377015

    Listing office Hanna Commercial 20 Aviation Road, Clifton Park, NY

    Listing date Mar 25, 2025

    MLS# 202514002

    Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location on Rt. 4, ideal for retail or service businesses.
    • Ample off‑street parking available.
    • Easy access via public transportation.
    • Located next to NAPA Auto Parts and across from Dollar General.
    • Neighboring businesses generate traffic from the surrounding residential area.
    • Versatile space suitable for various uses (convenience store, deli, retail, office, fitness studio).

    Overview

    This commercial space, suitable for a convenience store, deli, liquor store, retail outlet, office, or fitness studio, is situated on Route 4, adjacent to NAPA Auto Parts and opposite a recently constructed Dollar General. The location benefits from traffic generated by nearby businesses and the surrounding residential area. The property features ample off-street parking and is easily accessible via public transportation. The building has a total area of 10455 square feet and is located on a 0.89-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NAPA Auto Parts Auto Parts Store Anchest Auto Glass ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Albany
    State
    New York
    Longitude
    -73.681189
    Latitude
    42.767043

    Nearby Similar for Lease

    • $2,850/Mo

      Downtown Troy Commercial Space

      Commercial space for lease in downtown Troy.
      81 Fourth Street, Troy, NY 12180
      View Details
    • $1,550/Mo
      1,300 SF

      Retail Space in Historic Troy

      1300 SF retail space in up-and-coming Troy neighborhood.
      342 Congress Street, Troy, NY 12180
      View Details
    • $2,000/Mo
      2,320 SF

      Downtown Troy Commercial Space Available

      Versatile commercial space in downtown Troy with high visibility.
      84 Ferry Street, Troy, NY 12180
      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 Drive, Troy, NY 12180
      View Details
    • $2,700/Mo

      Downtown Troy Commercial Space

      Commercial space for lease in downtown Troy, approximately 1000 SF.
      74-76 Congress Street, Troy, NY 12180
      View Details
    • $2,545/Mo
      2,280 SF

      Professional Office Space on Hoosick

      Professional office space available for rent on Hoosick Street.
      333 Hoosick Street, Troy, NY 12180
      View Details
    • $3,200/Mo
      16,280 SF

      Versatile Space with Ample Parking

      Adaptable 3200SF space suitable for various business types.
      2113 State Highway 7, Pittstown, NY 12180
      View Details
    • $5,400/Mo
      6,000 SF

      Industrial Building in Green Island

      6,000 SF industrial building with warehouse and office space.
      15 Lower Hudson Avenue, Troy, NY, 12183
      View Details
    • $21 SF/Yr
      9,640 SF

      Downtown Office Space For Lease

      Full floor office space available in downtown Troy.
      500 Federal Street, Troy, NY, 12180
      View Details
    • $2,850/Mo
      5,824 SF

      Downtown Troy Class A Office

      Class A office space in downtown Troy for lease.
      81 4th Street, Troy, NY 12180
      View Details
    • $1,625/Mo
      1,300 SF

      Retail Space in Historic Troy

      Ground floor retail space available for lease in Troy.
      342 Congress Street, Troy, NY 12180
      View Details
    • $1,250/Mo
      31,313 SF

      Troy Retail Space For Lease

      1,000 sq ft retail space in busy shopping plaza.
      7 Northern Drive, Troy, NY 12182
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail or office space available in a convenient, accessible location.
    Where is this retail space located?
    The property is located at 369 2nd Avenue Troy, NY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location on Rt. 4, ideal for retail or service businesses.; Ample off‑street parking available.; Easy access via public transportation.
    (518) 992-5224
    We can help!
    Listing Contact
    Sanjiv Patel
    Real Estate License ID: 10401377015
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    369 2nd Avenue, Troy, NY 12182
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!