Flexible Warehouse
For Sale
$799,000
520 Congress Street, Troy, NY 12180
Adaptable commercial space accommodates warehouse, showroom, office, and light industrial functions.
Property Size9,006 SF
Price / SF$88.72
Days on Market47
Property Features for 520 Congress Street
General Information
Standard status
Active
Size
9,006 SF
Property subtype
Commercial
Listing Agency:
Carrow Real Estate Services LLC
Listed By:
Amber Hensley
(518) 639-4663
Source:
Signatureonerealtygroup
Added: Aug 16
Changed: Oct 1
Last Checked: Oct 1 at 11:23AM
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
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,039
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,320,780
$1.3M
Cap Rate 7%
$943,414
$943.4K
Cap Rate 9%
$733,767
$733.8K
Market Conditions
NOI Build-Up for 9,006 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $96,941 @ 7.0% cap · market cap 12.13%
Second Best
Industrial
$1.36M
$1.19M – $1.59M
NOI $95,183 @ 7.0% cap · market cap 11.91%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,595 @ 7.0% cap · market cap 19.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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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
