Building Details

Building Size 19,800 SF

Year Built 1986

Listing Agency: Vanguard-Fine, LLC

Listed By: Christopher Farrell · License #1223647 Show Phone

Source: Vanguardfine

Added: Jun 24 Changed: Oct 5 Last Checked: Oct 14 at 9:08PM

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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.

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 / Yr

$145,189

Cap Rate

6.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,903,780 $2.9M

Cap Rate 7%

$2,074,129 $2.1M

Cap Rate 9%

$1,613,211 $1.6M

Market Conditions

NOI Build-Up for 19,800 SF

Gross rent

$187.7K $9.48/SF

− Vacancy

−$16.9K −$0.85/SF

EGI

$170.8K $8.63/SF

− OpEx

−$25.6K −$1.29/SF

NOI

$145.2K $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%

$2,903,780

Cap Rate 7%

$2,074,129

Cap Rate 9%

$1,613,211

Alternative Uses

Best Use

Retail

$3.60M

$3.15M – $4.20M (±1% cap)

NOI $251,749 @ 7.0% cap · market cap 11.19%

Second Best

Flex RnD

$3.04M

$2.66M – $3.55M (±1% cap)

NOI $213,127 @ 7.0% cap · market cap 9.47%

Theoretical Best

Office A

$4.95M

$4.33M – $5.77M (±1% cap)

NOI $346,478 @ 7.0% cap · market cap 15.40%

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

Property Analytics

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Current Use

Troy City Garage ... Motorcycle Shop

Suggested Use

Top Pick Big Box & Wholesale Store Real Estate Agency Auto Parts Store Storage Facility Hair Salon Skin Care Clinic

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

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

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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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