Waterfront Restaurant Redevelopment
For Sale
$1,500,000
855 Hoosick Road, Troy, NY 12180
COMMERCIAL - Troy, NY
Property Size4,060 SF
Lot Size3.55 Acres
Price / SF$369.46
Days on Market49
Property Features for 855 Hoosick Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Parking
100
Parking features
Off Street
Patio and Porch features
Patio
Exterior features
Lighting
Basement
Full, Interior Entry
Accessibility
Accessible Approach with Ramp
Lot features
Rolling Slope, Road Frontage, Cleared, Corner Lot, Waterfront
View
Water
Directions
Follow Route 7 (Hoosick Road) Away from Troy Towards Brunswick, Country View Diner is located on the left hand side directly across from Tractor Supply.
Standard status
Active
APN
382200 91.-2-7.62
Size
4,060 SF
Lot size
3.55 Acres
Taxes and HOA fees
Tax Annual Amount
25855
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Year built
1989
Floors in Building
1
Flooring type
Wood, Tile, Concrete
Building materials
Metal Siding, Block, Drywall, Wood Siding
Roof type
Flat
Listing Agency:
Inglenook Realty Inc
(518) 882-6236
Listed By:
Alec Wright · License #10401394223
(518) 633-7509
Added: Jun 24
Changed: Aug 4
Last Checked: Aug 11 at 5:06PM
MLS# 202620424
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
855 Hoosick Road is a commercially zoned waterfront property built around an operating restaurant setup and redevelopment flexibility. The site spans 3.55 acres and includes an active liquor license, 143-seat guest capacity, and more than 100 parking spaces, supporting immediate operational use. The improvements provide an established base for continued restaurant operations or adaptive reuse.
The property features approximately 650 feet of road frontage on Hoosick Road (Route 7), along with roughly 818 feet of direct waterfront frontage on the Brunswick Reservoir. Public remarks indicate exposure to approximately 5.8 million vehicles annually, supported by the property’s prominent placement along a heavily traveled commercial corridor in the Capital Region.
For buyers and tenants evaluating a high-visibility waterfront commercial site, this combination of road exposure, substantial parking, and direct water access is designed to support a range of redevelopment and operational approaches within a single location.
The property features approximately 650 feet of road frontage on Hoosick Road (Route 7), along with roughly 818 feet of direct waterfront frontage on the Brunswick Reservoir. Public remarks indicate exposure to approximately 5.8 million vehicles annually, supported by the property’s prominent placement along a heavily traveled commercial corridor in the Capital Region.
For buyers and tenants evaluating a high-visibility waterfront commercial site, this combination of road exposure, substantial parking, and direct water access is designed to support a range of redevelopment and operational approaches within a single location.
Key Highlights
- 3.55‑acre commercial property on Hoosick Road (Route 7) with ~650 ft of road frontage
- 818 ft of direct waterfront frontage on the Brunswick Reservoir
- Currently operating restaurant with active liquor license and 143‑seat guest capacity
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
$52,508
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
3.50%
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%
$1,050,160
$1.1M
Cap Rate 7%
$750,114
$750.1K
Cap Rate 9%
$583,422
$583.4K
Market Conditions
NOI Build-Up for 4,060 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
$73.1K $18.00/SF
− Vacancy
−$3.1K −$0.76/SF
EGI
$70.0K $17.24/SF
− OpEx
−$17.5K −$4.31/SF
NOI
$52.5K $12.93/SF
Area
Albany County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,050,160
Cap Rate 7%
$750,114
Cap Rate 9%
$583,422
Alternative Uses
Best Use
Specialty Retail
$750.1K
$656.4K – $875.1K
NOI $52,508 @ 7.0% cap · market cap 3.50%
Second Best
Industrial
$544.9K
$476.8K – $635.7K
NOI $38,142 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,683 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
161
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercially zoned site with direct waterfront frontage and an operating restaurant, liquor license, and ample on-site parking.
Where is this conventional restaurant located?
The property is located at 855 Hoosick Road Troy, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3.55‑acre commercial property on Hoosick Road (Route 7) with ~650 ft of road frontage; 818 ft of direct waterfront frontage on the Brunswick Reservoir; Currently operating restaurant with active liquor license and 143‑seat guest capacity
