Flex Space with Pylon
For Sale
$2,250,000
810 Hoosick Rd, Troy, NY 12180
Versatile commercial building with retail and warehouse functionality along a prominent commercial corridor.
Property Size19,800 SF
Days on Market69
Property Features for 810 Hoosick Rd
General Information
Standard status
Active
Size
19,800 SF
Property subtype
Retail
Building Details
Building Size
19,800 SF
Year Built
1986
Listing Agency:
Vanguard-Fine LLC
(518) 810-4203
Listed By:
Christopher Farrell · License #10491200498
(518) 810-4203
Source:
Vanguardfine
Added: Jun 24
Changed: Aug 30
Last Checked: Aug 30 at 3:01PM
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 Vanguard-Fine LLC
Investment Insights
Based on property information with market context.
Built in 1986, this 19,800-square-foot flex property occupies 1.9 acres and combines retail and warehouse space within a versatile commercial building. The layout is positioned to support retail, service, distribution, or mixed-use operations, with substantial floor area for a range of business requirements.
The property fronts Hoosick Road and includes a large pylon sign for roadside identification. Its location along a heavily traveled commercial corridor provides access and exposure, while proximity to major retailers and transportation routes adds convenience for customers and employees.
The property fronts Hoosick Road and includes a large pylon sign for roadside identification. Its location along a heavily traveled commercial corridor provides access and exposure, while proximity to major retailers and transportation routes adds convenience for customers and employees.
Key Highlights
- 19,800 SF retail and warehouse building
- 1.9‑acre commercial property
- Frontage on Hoosick Road
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
$186,012
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%
$3,720,240
$3.7M
Cap Rate 7%
$2,657,314
$2.7M
Cap Rate 9%
$2,066,800
$2.1M
Market Conditions
NOI Build-Up for 19,800 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
$285.1K $14.40/SF
− Vacancy
−$19.4K −$0.98/SF
EGI
$265.7K $13.42/SF
− OpEx
−$79.7K −$4.03/SF
NOI
$186.0K $9.39/SF
Area
Albany County, NY
Vacancy
6.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$3,720,240
Cap Rate 7%
$2,657,314
Cap Rate 9%
$2,066,800
Alternative Uses
Best Use
Retail
$3.41M
$2.99M – $3.98M
NOI $239,002 @ 7.0% cap · market cap 10.62%
Second Best
Warehouse
$3.23M
$2.82M – $3.76M
NOI $225,872 @ 7.0% cap · market cap 10.04%
Theoretical Best
Office A
$6.18M
$5.41M – $7.21M
NOI $432,493 @ 7.0% cap · market cap 19.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
260
Businesses Nearby
Balanced
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial building with retail and warehouse functionality along a prominent commercial corridor.
Where is this flex space located?
The property is located at 810 Hoosick Rd Troy, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 19,800 SF retail and warehouse building; 1.9‑acre commercial property; Frontage on Hoosick Road
