Corner Retail
For Sale
Contact for pricing
377 Congress Street, Troy, NY 12180
The property occupies the Congress Street and 15th Street intersection near RPI.
Property Size5,760 SF
Price / SF$0.26
Days on Market87
Property Features for 377 Congress Street
General Information
Standard status
Active
Size
5,760 SF
Property subtype
Retail
Additional Details
Corner Location
Yes
Building Details
Year Built
1940
Listing Agency:
Berkshire Hathaway Home Services Blake
(518) 464-0870
Listed By:
Karen Zalewski-Wildzunas · License #10301219752
(518) 858-4719
Source:
Simplywoodardrealestate
Added: Aug 7
Changed: Nov 1
Last Checked: Nov 1 at 4:02PM
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 Berkshire Hathaway Home Services Blake
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 retail space sits at 377 Congress Street in Troy, at the intersection of Congress and 15th Street. The building dates to 1940.
RPI is nearby, and the property is positioned on a corner parcel at the two streets.
RPI is nearby, and the property is positioned on a corner parcel at the two streets.
Key Highlights
- Corner position at Congress and 15th Street
- Near RPI
- Building constructed in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,236
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,464,720
$1.5M
Cap Rate 7%
$1,046,229
$1.0M
Cap Rate 9%
$813,733
$813.7K
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$109.2K $18.96/SF
− Vacancy
−$4.6K −$0.80/SF
EGI
$104.6K $18.16/SF
− OpEx
−$31.4K −$5.45/SF
NOI
$73.2K $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%
$1,464,720
Cap Rate 7%
$1,046,229
Cap Rate 9%
$813,733
Alternative Uses
Best Use
Retail
$1.05M
$915.5K – $1.22M
NOI $73,236 @ 7.0% cap · market cap 4,882.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,794 @ 7.0% cap · market cap 6,719.60%
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
890
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 94%
Dining 6%
Gulf Oil
Shops & Services
4,586 visits/mo
0.4 miles
Sunoco
Shops & Services
4,308 visits/mo
0.3 miles
Moe's Southwest Grill
Dining
613 visits/mo
0.4 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 - The property occupies the Congress Street and 15th Street intersection near RPI.
Where is this retail space located?
The property is located at 377 Congress Street Troy, NY.
What are key features of this property?
This property features: Corner position at Congress and 15th Street; Near RPI; Building constructed in 1940
