Freestanding Retail Pizza
For Sale
Contact for pricing
679 Burden Ave, Troy, NY 12180
Freestanding retail building with pizza parlor buildout, beverage center, and one grade-level door, plus 26 parking spaces.
Property Size5,672 SF
Price / SF$229.20
Days on Market39
Property Features for 679 Burden Ave
General Information
Standard status
Active
Size
5,672 SF
Total Parking Spaces
26
Property subtype
RETAIL
Site & Location
Traffic Count
10,741 vehicles/day
Road Access
Yes
Additional Details
Drive-In Doors
1
Listing Agency:
CBRE | Albany
(518) 727-0862
Listed By:
Brooke Stack · License #10301223962
(518) 727-0862
Source:
Moodyscre
Added: Jul 13
Changed: Aug 8
Last Checked: Aug 8 at 7:52PM
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 CBRE | Albany
Investment Insights
Based on property information with market context.
Offered for sale is a 5,672 SF freestanding retail building in Troy, NY, currently built out as a pizza parlor and a beverage center with a bottle return. The property includes 26 parking spaces and one grade-level door in the beverage center space. The pizza parlor is under lease, with 3 years remaining.
Ingress and egress are available at Burden Avenue and at Main Street, with the property located at a signalized intersection. Traffic counts provided include 10,741 AADT on Burden Ave for 2025.
The overall layout supports two retail uses in one freestanding structure, with access points on both listed streets and dedicated parking for customer arrivals.
Ingress and egress are available at Burden Avenue and at Main Street, with the property located at a signalized intersection. Traffic counts provided include 10,741 AADT on Burden Ave for 2025.
The overall layout supports two retail uses in one freestanding structure, with access points on both listed streets and dedicated parking for customer arrivals.
Key Highlights
- ±5,672 SF freestanding retail building in Troy, NY built as a pizza parlor and beverage center with a bottle return
- 3 years remaining on lease for the pizza parlor
- One grade level door in the beverage center space
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
$73,356
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
5.64%
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%
$1,467,120
$1.5M
Cap Rate 7%
$1,047,943
$1.0M
Cap Rate 9%
$815,067
$815.1K
Market Conditions
NOI Build-Up for 5,672 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
$102.1K $18.00/SF
− Vacancy
−$4.3K −$0.76/SF
EGI
$97.8K $17.24/SF
− OpEx
−$24.5K −$4.31/SF
NOI
$73.4K $12.93/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,467,120
Cap Rate 7%
$1,047,943
Cap Rate 9%
$815,067
Alternative Uses
Best Use
Specialty Retail
$1.05M
$917.0K – $1.22M
NOI $73,356 @ 7.0% cap · market cap 5.64%
Second Best
Retail
$978.1K
$855.8K – $1.14M
NOI $68,466 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,894 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
10,741 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
8,370 visits/mo
0.3 miles
Sunoco
Shops & Services
4,704 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding retail building with pizza parlor buildout, beverage center, and one grade-level door, plus 26 parking spaces.
Where is this conventional restaurant located?
The property is located at 679 Burden Ave Troy, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: ±5,672 SF freestanding retail building in Troy, NY built as a pizza parlor and beverage center with a bottle return; 3 years remaining on lease for the pizza parlor; One grade level door in the beverage center space
