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    274 Troy Rd Rensselaer, NY 12144
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    Property profile & analytics

    274 Troy Rd, Rensselaer, NY 12144

    View on Map
    • Neighborhood centers
    • 4,732 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Metabolic Fitness / Gym & Fitness Center
    • John Mesko / Real Estate Agency
    • Sport Clips Haircuts of North Greenbush / Barber Shop
    • Mattress Firm Rensselaer / Furniture & Home Goods
    • Golden Grain Pizza Rensselaer / Restaurant

    Property Details for 274 Troy Rd

    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity in North Greenbush, NY, presents a 4,732 square foot strip center located at 274 Troy Road, zip code 12144. The entire property is currently vacant and available for lease, offering a unique chance for a single tenant to occupy the entire space or multiple tenants to occupy individual units. The building is categorized as a retail and restaurant space, making it suitable for a variety of businesses. Individual spaces range from a minimum of 1,335 square feet to a maximum contiguous space of 1,825 square feet, providing flexibility for businesses of varying sizes. The property's location in North Greenbush County, Rensselaer, NY offers excellent visibility and accessibility for customers. This is an ideal location for businesses seeking high foot traffic and convenient access to major roadways. The property's total square footage is 4,732 square feet, providing ample space for a variety of retail or restaurant concepts. This is a rare opportunity to secure a prominent retail space in a desirable location. Interested parties should inquire promptly to secure this exceptional property. The property is situated at 42.6422946 latitude and -73.6984558 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    North Greenbush
    State
    New York
    Longitude
    -73.6985
    Latitude
    42.6423

    Comparable in this City

    • Value Estimation by Request
      12,750 SF

      307 Troy Rd

      SHOPPING CENTER, STRIP CENTER
      307 Troy Rd, Rensselaer, NY 12144-9401
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    • Value Estimation by Request
      0.20 Acres

      77 Washington Ave

      Retail properties & Spaces
      77 Washington Ave, Rensselaer, NY 12144
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    • Value Estimation
      $615,000
      36,736 SF

      279 Troy Rd

      MINI-MALL
      279 Troy Rd, Rensselaer, NY 12144-9518
      View Details
    • Value Estimation
      $2,070,000
      141,024 SF

      501 Columbia Tpke

      REGIONAL SHOPPING CENTER, MALL
      501 Columbia Tpke, Rensselaer, NY 12144-4542
      View Details
    • Value Estimation
      $1,870,000
      120,000 SF

      621 3rd Ave Ext, Unit 629

      MINI-MALL
      621 3rd Ave Ext, Rensselaer, NY 12144-5618
      View Details
    • Value Estimation
      $3,190,000
      204,692 SF

      277-279 Troy Rd

      MINI-MALL
      277-279 Troy Rd, Rensselaer, NY 12144
      View Details

    Similar Nearby for Sale

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      Rensselaer Commercial Building For Sale

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      8,500 SF

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      8,500 sq ft commercial building in downtown Rensselaer.
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      1,480 SF

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    Similar Nearby for Lease

    • Contact for pricing
      1,461 SF

      Retail Space in Rensselaer, NY

      Retail space for lease in Rensselaer, New York.
      307 Troy Rd, Rensselaer, NY 12144
      View Details
    • Contact for pricing
      9,554 SF

      Retail Space in Rensselaer Center

      Retail space available within established shopping center.
      600 N Greenbush Rd, Rensselaer, NY 12144
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      1,572 SF

      Retail Space on Route 4

      Retail spaces available in Rensselaer, excellent visibility and access.
      278 Troy Rd, Rensselaer, NY 12144
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      Retail Spaces Available for Rent

      Retail spaces available, ranging from 1,335 to 2,907 SqFt.
      274 Troy Rd, North Greenbush, NY 12144
      View Details
    • Contact for pricing
      2,588 SF

      Rensselaer Retail Space Available

      Retail space available for rent in Rensselaer, New York.
      103 Van Rensselaer Sq, Rensselaer, NY 12144
      View Details
    • $22 SF/Yr

      Retail Strip Center on Route 4

      Retail spaces available in strip center with high visibility.
      274 Troy Rd, North Greenbush, NY 12144
      View Details
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    Rensselaer, NY 12144
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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    274 Troy Rd, Rensselaer, NY, 12144
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