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    Property profile & analytics

    18 112th St Troy, NY 12182-2825

    • Investment properties
    • 1,242 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $160,000
    Cap Rate Potential
    7.4%
    Investment properties
    Location Intelligence
    Property ID
    US63-2851162
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 18 112th St

    Year built
    1920
    Lot size
    0.07 lot acres
    Property size
    1,242 SF
    Zone code
    B2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    381700 80.63-13-2
    APU
    3817008063132

    Description

    This 1,586-square-foot single-tenant industrial flex space at 18 112th St, Troy, NY 12182, offers a unique blend of functionality and charm. The property boasts an open, efficient layout measuring 26 feet wide by 61 feet long, providing ample room for various uses. Abundant natural light complements recessed lighting and ceiling fans, creating a comfortable and productive environment. The space features attractive architectural salvage details and has been updated with energy-efficient windows. Access is convenient via an automatic overhead garage door. Located in a tranquil urban setting across from 112th Park, this property enjoys easy access to Route 787 and the 112th Street bridge connecting Cohoes and Lansingburgh. The MU-2 zoning allows for a variety of potential uses, making it ideal for a storage facility, maker space, art studio, or similar ventures. The property is situated in Rensselaer County and is fully vacant, ready for immediate occupancy. The address is 18 112th Street, at the cross streets of 3rd and 4th Avenues.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Rensselaer
    State
    New York
    Longitude
    -73.677
    Latitude
    42.7704
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $3,700
    $109,300
    $113,000
    -
    $5,285
    $156,115
    $161,400

    Comparable in this City

    • Value Estimation by Request
      5,274 SF

      630 2nd Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,274 SF
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    • Value Estimation by Request
      2,688 SF

      368-370 5th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,688 SF
      368-370 5th Ave, Troy, NY 12182
      View Details
    • Value Estimation by Request
      1,850 SF

      30 112th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,850 SF
      30 112th St, Troy, NY 12182-2824
      View Details
    • Value Estimation by Request
      4,151 SF

      2 114th St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,151 SF
      2 114th St, Troy, NY 12182-2754
      View Details
    • Value Estimation by Request
      2,092 SF

      471 6th Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,092 SF
      471 6th Ave, Troy, NY 12182-2836
      View Details
    • Value Estimation
      $350,000
      4,603 SF

      200 Oakwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,603 SF
      200 Oakwood Ave, Troy, NY 12182-1623
      View Details

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    18 112th St
    Troy, NY 12182-2825
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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