Building Details

Building Size 14,608 SF

Year Built 2017

Buildings 1

Stories 1

Listing Agency: Vanguard-Fine, LLC

Listed By: Ben Feinman · License #2298690 Show Phone

Source: Vanguardfine

Added: Jun 25 Changed: Oct 6 Last Checked: Oct 12 at 4:58PM

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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.

This freestanding storefront property contains 14,608 square feet of single-story space on approximately 0.60 acres. Constructed in 2017, the building was formerly operated as a Rite Aid and is zoned CC for retail use. Its configuration may accommodate a retailer, medical user, or service provider, as identified in the property information.

The site records a traffic count of 22,000+ VPD and includes easements to the adjacent shopping plaza. Those easements transfer with the property, providing a documented connection to the neighboring retail setting. The building’s standalone format, commercial zoning, and established physical improvements support a range of retail-oriented occupancy scenarios.

Key Highlights

• 14,608 SF freestanding, single‑story retail building
• Approximately 0.60 acres of land
• Constructed in 2017

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$185,735

Cap Rate

6.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,714,700 $3.7M

Cap Rate 7%

$2,653,357 $2.7M

Cap Rate 9%

$2,063,722 $2.1M

Market Conditions

NOI Build-Up for 14,608 SF

Gross rent

$277.0K $18.96/SF

− Vacancy

−$11.6K −$0.80/SF

EGI

$265.3K $18.16/SF

− OpEx

−$79.6K −$5.45/SF

NOI

$185.7K $12.71/SF

Area

Rensselaer County, NY

Vacancy

4.20%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,714,700

Cap Rate 7%

$2,653,357

Cap Rate 9%

$2,063,722

Alternative Uses

Best Use

Retail

$2.65M

$2.32M – $3.10M (±1% cap)

NOI $185,735 @ 7.0% cap · market cap 6.88%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.65M

$3.20M – $4.26M (±1% cap)

NOI $255,624 @ 7.0% cap · market cap 9.47%

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

Property Analytics

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Open Analytics

Current Use

Rite Aid Pharmacy Western Union Bank Rite Aid Pharmacy Pharmacy

Suggested Use

Top Pick Building Supply Real Estate Agency Law Firm Big Box & Wholesale Store Dental Office Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22,000 VPD

Traffic count

Location Intelligence

Trade Area within ½ mile

304

Businesses Nearby

94k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 66% Shops & Services 27% Electronics 6% Beauty & Spa 1%

Wendy's Dining

16,857 visits/mo 0.1 miles

Taco Bell Dining

15,575 visits/mo 0.3 miles

Ocean State Job Lot Shops & Services

13,477 visits/mo 0.1 miles

Starbucks Dining

13,082 visits/mo 0.1 miles

Dunkin' Donuts Dining

12,626 visits/mo 0.3 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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this storefront properties 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?

Storefront property - Single-story commercial building with CC zoning and easements connecting to an adjacent shopping plaza.

Where is this storefront property located?

The property is located at 83 Vandenburgh Ave Troy, NY.

What is the asking price?

The asking price for this property is $2,700,000.

What are key features of this property?

This property features: 14,608 SF freestanding, single‑story retail building; Approximately 0.60 acres of land; Constructed in 2017