Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7 Northern Dr Troy, NY 12182

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,250 /Mo ($0.48 SF/Yr)

    1,000 sq ft retail space in busy shopping plaza.

    Property size:
    31,313 SF
    Lot size:
    3.85 Acres

    Property Features for 7 Northern Dr

    General Information

    Standard status
    Active
    Size
    31,313 SF
    Lot size
    3.85 Acres

    Building Details

    Year built
    1970

    We can help!

    Listing Contact
    Nicole Wilkie
    Source: Corcoran

    Listing Agency: HOWARD HANNA CAPITAL INC Listing Agent: Nicole Wilkie

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Troy Retail Space For Lease

    This 1,000 sq ft retail space is available for lease in Troy, NY. The unit is located in a well-established shopping plaza anchored by Dollar Tree and Family Dollar. The plaza also features a long-time liquor store. The space is suitable for various businesses, including a hair salon, barbershop, tattoo studio, lash or esthetician space, boutique, bakery, candy shop, florist, or sub shop. The property is located within a 31,313 sq ft property.
    Location Intelligence

    Current Use by Public Records

    Beer Universe (Bike/Boat/Book/etc) Store Lighthouse Liquor (Bike/Boat/Book/etc) Store The Twisted Kitchen Restaurant Family Dollar Discount Store Dollar Tree (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Albany
    State
    New York
    Longitude
    -73.666256
    Latitude
    42.7869824

    Nearby Similar for Lease

    • New
      $1,625 /Mo
      1,300 SF

      Retail Space in Historic Troy

      1,300 SF retail space for lease in Troy, NY.
      342 Congress St, Troy, NY 12180
      View Details
    • $1,250 /Mo
      31,313 SF

      Troy Retail Space For Lease

      Prime retail space in busy Troy shopping plaza.
      7 Northern Dr, Troy, NY 12182
      View Details
    • $2,000 /Mo
      2,320 SF

      Downtown Troy Commercial Space Available

      Versatile commercial space in downtown Troy with high visibility.
      84 Ferry St, Troy, NY 12180
      View Details
    • $2,700 /Mo
      3,485 SF

      Downtown Troy Commercial Space

      Commercial space for lease in downtown Troy, approximately 1000 SF.
      74-76 Congress St, Troy, NY 12180
      View Details
    • $12 SF/Yr
      10,455 SF

      Retail Space in High-Traffic Location

      Retail or office space available in a convenient, accessible location.
      369 2Nd Ave, Troy, NY 12182
      View Details
    • $18 SF/Yr
      69,000 SF

      Redevelopment Opportunity in Troy, NY

      26.69-acre campus with 69,000 SF building for rehabilitation.
      125 Bloomingrove Dr, Troy, NY 12180
      View Details
    • $2,800 /Mo
      2,600 SF

      Versatile Commercial Space with Apartment

      Live-work opportunity: commercial suite with a spacious 2-3 bedroom apartment.
      213 Pawling Ave, Troy, NY 12180
      View Details
    • $5,400 /Mo
      6,000 SF

      Industrial Building with Office Space

      6,000 SF industrial building with warehouse and office space.
      15 Lower Hudson Ave, Troy, NY 12183
      View Details
    • $25 SF/Yr

      Retail Space Near Hudson Valley

      Retail space available in new development near Hudson Valley College.
      26 North Greenbush Rd, Troy, NY 12180
      View Details
    • Contact for pricing

      Retail Space in Hudson Valley Plaza

      Retail space for lease in a shopping center near HVCC.
      75 Vandenburgh Ave, Troy, NY 12180
      View Details
    • $14 SF/Yr
      23,500 SF

      Renovated Office Space Available

      Office space for rent in Ross Technology Park.
      75 102Nd St, Troy, NY 12180
      View Details
    • $25 SF/Yr
      1,842 SF

      Retail Space Near Hudson Valley

      Retail space available for lease near Hudson Valley Community College.
      24-26 N Greenbush Rd, Troy, NY 12180
      View Details

    FAQs

    What type of property is this?
    Retail space - 1,000 sq ft retail space in busy shopping plaza.
    Where is this retail space located?
    The property is located at 7 Northern Dr Troy, NY.
    What is the lease rate?
    The lease rate is $0.48 SF/Yr.
    What are key features of this property?
    This property features: - Prime 1,000 sq ft retail space in Troy, NY.; - Located in a busy shopping plaza with high visibility and strong foot traffic.; - Anchored by Dollar Tree and Family Dollar, ensuring consistent customer flow.
    (518) 371-4500
    Request Owner's contact information
    7 Northern Dr Troy, NY 12182
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7 Northern Dr
    Troy, NY 12182
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7 Northern Dr Troy, NY 12182
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nicole Wilkie
    (518) 371-4500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!