985 Hoosick Road, Troy, NY 12180

Building Details

Building Size 1,844 SF More

Buildings 1 More

Listing Agency: Pyramidbrokerage

Listed By: Pyramid Brokerage Albany Show Phone

Source: Pyramidbrokerage

Added: Nov 12 Changed: Nov 13 Last Checked: May 26 at 10:08AM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,844-square-foot commercial building was constructed in 1982 and features an open-span interior. Its storefront format provides a flexible footprint for commercial occupancy.

The property sits at the intersection of Hoosick Road and Grange Road. Hoosick Road carries 16,484 AADT, while Grange Road carries 4,723 AADT.

Key Highlights

• 1,844‑square‑foot open‑span commercial building
• Located at the Hoosick Road and Grange Road intersection
• Hoosick Road: 16,484 AADT; Grange Road: 4,723 AADT

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,446

Cap Rate

8.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$468,920 $468.9K

Cap Rate 7%

$334,943 $334.9K

Cap Rate 9%

$260,511 $260.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,844 SF

Gross rent

$35.0K $18.96/SF

− Vacancy

−$1.5K −$0.80/SF

EGI

$33.5K $18.16/SF

− OpEx

−$10.0K −$5.45/SF

NOI

$23.4K $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%

$468,920

Cap Rate 7%

$334,943

Cap Rate 9%

$260,511

Alternative Uses

Best Use

Retail

$334.9K

$293.1K – $390.8K (±1% cap)

NOI $23,446 @ 7.0% cap · market cap 8.40%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$461.0K

$403.4K – $537.8K (±1% cap)

NOI $32,268 @ 7.0% cap · market cap 11.57%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mamba smoke shop (Bike/Boat/Book/etc) Store Blackfly Mountain Woodworks Production Facility

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Repair Shop Restaurant Law Firm Electrical Service

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

58

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

Average Price Trend$/SF for Storefront properties in Troy, NY

$79.49 Jul

$104 Aug

$108 Sep

$114 Oct

Properties on Market for Storefront properties in Troy

Jul

Aug

Sep

Oct

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

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Frequently Asked Questions

What type of property is this?

Storefront property - The open interior accommodates a range of commercial configurations.

Where is this storefront property located?

The property is located at 985 Hoosick Road Troy, NY.

What is the asking price?

The asking price for this property is $279,000.

What are key features of this property?

This property features: 1,844‑square‑foot open‑span commercial building; Located at the Hoosick Road and Grange Road intersection; Hoosick Road: 16,484 AADT; Grange Road: 4,723 AADT