Listing Agency: Carrow Real Estate Services LLC

Listed By: Amber Hensley Show Phone

Source: Signatureonerealtygroup

Added: Jul 27 Changed: Oct 21 Last Checked: Oct 20 at 11:51PM

Report an Issue

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 Carrow Real Estate Services LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 9,006-square-foot flex property at 520 Congress Street combines warehouse capacity with commercial space suited to showroom, office, storage, distribution, light industrial, retail, creative, contractor, and service-oriented operations. Its mixed-use configuration can support businesses seeking a combination of work, storage, and customer-facing areas under one roof.

The property is located in Troy, NY, on Congress Street within an established business corridor. Its position provides access to Troy and the surrounding Capital Region, making the site suitable for a range of commercial and operational uses.

Key Highlights

• 9,006 SF of flexible commercial space
• Mixed‑use configuration combining warehouse and commercial space
• Located at 520 Congress Street in Troy, NY

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,039

Cap Rate

8.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,320,780 $1.3M

Cap Rate 7%

$943,414 $943.4K

Cap Rate 9%

$733,767 $733.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,006 SF

Gross rent

$85.4K $9.48/SF

− Vacancy

−$7.7K −$0.85/SF

EGI

$77.7K $8.63/SF

− OpEx

−$11.7K −$1.29/SF

NOI

$66.0K $7.33/SF

Area

Rensselaer County, NY

Vacancy

9.00%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,320,780

Cap Rate 7%

$943,414

Cap Rate 9%

$733,767

Alternative Uses

Best Use

Flex RnD

$1.38M

$1.21M – $1.62M (±1% cap)

NOI $96,941 @ 7.0% cap · market cap 12.13%

Second Best

Industrial

$1.36M

$1.19M – $1.59M (±1% cap)

NOI $95,183 @ 7.0% cap · market cap 11.91%

Theoretical Best

Office A

$2.25M

$1.97M – $2.63M (±1% cap)

NOI $157,595 @ 7.0% cap · market cap 19.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

The Cookie Factory Bakery

Suggested Use

Top Pick Real Estate Agency Pharmacy Auto Parts Store Skin Care Clinic Electrical Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

530

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Similar For Sale Nearby

See more

Warehouse with Overhead Doors

351-361 Second Street, Troy, NY 12180

$499,000

0.53 Acres

View details

Flex Space with Pylon Sign

810 Hoosick Rd, Troy, NY 12180

$2,250,000

View details

Modernized Mixed-Use Commercial Opportunity

1011-1015 Hoosick Road, Troy, NY 12180

$449,900

2,768 SF

View details

Versatile Property with Multiple Buildings

150 Brick Church Rd, Troy, NY

Contact for pricing

18.00 Acres

View details

Commercial Building and Vacant Lot

540 River Street, Troy, NY 12180

$550,000

9,135 SF

View details

Downtown Troy Brick Building

28 2nd St, Troy, NY 12180

$1,450,000

9,171 SF

View details

Mixed-Use Building with Commercial Space

150 4th Street, Troy, NY 12180

$2,200,000

9,142 SF

View details

Testo’s Restaurant with Parking Lot

853 4th Avenue, Troy, NY 12182

$595,000

7,161 SF

View details

Restaurant Property with Apartment

572 2nd Avenue, Troy, NY 12182

$599,000

6,381 SF

View details

12-Unit Apartment Building

462-470 2nd Avenue, Troy, NY 12182

$2,400,000

7,885 SF

View details

Mixed-Use Building with Four Apartments

40 River Street, Troy, NY 12180

$824,900

5,029 SF

View details

Four-Unit Quadplex with New Roof

168 3rd Street, Troy, NY 12180

$719,999

5,234 SF

View details

Frequently Asked Questions

What type of property is this?

Flex space - Adaptable commercial space accommodates warehouse, showroom, office, and light industrial functions.

Where is this flex space located?

The property is located at 520 Congress Street Troy, NY.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 9,006 SF of flexible commercial space; Mixed‑use configuration combining warehouse and commercial space; Located at 520 Congress Street in Troy, NY