Freestanding Storefront
For Sale
$2,700,000
83 Vandenburgh Ave, Troy, NY 12180
Single-story commercial building with CC zoning and easements connecting to an adjacent shopping plaza.
Property Size14,608 SF
Lot Size0.60 Acres
Price / SF$184.83
Days on Market67
Property Features for 83 Vandenburgh Ave
General Information
Standard status
Active
Size
14,608 SF
Lot size
0.60 Acres
Property subtype
Retail
Zoning
CC
Additional Details
Traffic Count
22,000 vehicles/day
Building Details
Building Size
14,608 SF
Year Built
2017
Buildings
1
Stories
1
Listing Agency:
Vanguard-Fine, LLC
(518) 364-2114
Listed By:
Ben Feinman · License #2298690
(518) 364-2114
Source:
Vanguardfine
Added: Jun 25
Changed: Aug 29
Last Checked: Aug 29 at 1:32PM
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.
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 = 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
$176,330
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
6.53%
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%
$3,526,600
$3.5M
Cap Rate 7%
$2,519,000
$2.5M
Cap Rate 9%
$1,959,222
$2.0M
Market Conditions
NOI Build-Up for 14,608 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
$262.9K $18.00/SF
− Vacancy
−$11.0K −$0.76/SF
EGI
$251.9K $17.24/SF
− OpEx
−$75.6K −$5.17/SF
NOI
$176.3K $12.07/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /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%
$3,526,600
Cap Rate 7%
$2,519,000
Cap Rate 9%
$1,959,222
Alternative Uses
Best Use
Retail
$2.52M
$2.20M – $2.94M
NOI $176,330 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.56M
$3.99M – $5.32M
NOI $319,084 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Similar Off Market Nearby
- Central Market Florist — 79 Vandenburgh Ave, Troy, NY 12180
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
