Troy Office Building For
For Sale
$12,500,000
400 Jordan Road, Troy, NY
Office building with easy access to Route 787.
Property Size28,823 SF
Price / SF$433.68
Days on Market383
Property Features for 400 Jordan Road
General Information
Standard status
Active
Size
28,823 SF
Property subtype
Office
Building Details
Building Size
28,823 SF
Listing Agency:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Sep 25, 2025
Changed: Oct 9
Last Checked: Oct 11 at 2:59AM
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
Investment Insights
Based on property information with market context.
This office building is located in Troy, NY, and offers convenient access to Route 787. The property features on-site management and maintenance. The available space on the 3rd floor totals 23,659 rentable square feet and can be subdivided. The space is described as being in like-new condition. A portion of the space, 5,164 square feet, is finished to shell and ready for build-out. The building is equipped with back-up generators and a loading dock. The location provides proximity to restaurants, daycare facilities, healthcare providers, banks, and shopping.
Key Highlights
- Great location with easy access to Rte. 787.
- Space is in "like new" condition.
- On‑site management and maintenance.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$445,142
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,902,840
$8.9M
Cap Rate 7%
$6,359,171
$6.4M
Cap Rate 9%
$4,946,022
$4.9M
Market Conditions
NOI Build-Up for 28,823 SF
Gross rent
$760.9K $26.40/SF
− Vacancy
−$167.4K −$5.81/SF
EGI
$593.5K $20.59/SF
− OpEx
−$148.4K −$5.15/SF
NOI
$445.1K $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%
$8,902,840
Cap Rate 7%
$6,359,171
Cap Rate 9%
$4,946,022
Alternative Uses
Best Use
Office B
$6.36M
$5.56M – $7.42M
NOI $445,142 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.99M
$7.87M – $10.49M
NOI $629,583 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Office building with easy access to Route 787.
Where is this office building located?
The property is located at 400 Jordan Road Troy, NY.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Great location with easy access to Rte. 787.; Space is in "like new" condition.; On‑site management and maintenance.
