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    FOR LEASE
    Industrial properties

    1 Tibbits Ave, Troy, NY 12183

    44,800 SF 6.44 ac lot Built 1961
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US63-2555982
    Property summary
    AI-generated overview

    This exceptional two-acre commercial parcel presents a unique opportunity for retail development. Located at 1 Tibbits Avenue, this property boasts ±55.89 feet of frontage, offering significant highway visibility due to its proximity (±0.5 miles) to Exit 9W of I-787. The high traffic counts are a key advantage: 1,827 vehicles daily on Tibbits Avenue and a substantial 36,982 vehicles daily on I-787. This strategic location places the property in close proximity to major commercial and industrial establishments, including the Veterans Memorial Stadium, Honeywell, and Northeast Home Medical Equipment. The property is zoned for industrial use and identified by APN 29.3-1-21 (part of a larger parcel to be subdivided). The land is currently vacant, offering a blank canvas for a new retail development. With its excellent location, high visibility, and substantial traffic flow, this property represents a compelling investment opportunity for businesses seeking a prominent presence in a thriving area. The single-tenant zoning allows for focused development and streamlined operations. The two-acre lot size provides ample space for a variety of retail concepts. This is a rare opportunity to secure a prime retail location with exceptional visibility and access to a significant consumer base.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1961
    Total area 44,800 SF
    Lot 6.44 ac (280,526 SF)
    Zoning code 06 - INDUSTRIAL
    APN 012801 20.16-2-2.11
    UPID US63-2555982
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Veterans Memorial Stadium Sports Field & Court Sports School
    • Ross Precision Manufacturing Industrial Manufacturer
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.04M
    Owner & transaction history
    Rpm Gi LLC · 4 yrs held
    Rpm Gi LLC
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    06 - INDUSTRIAL · Troy, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $1.6M +14.3%
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    More about this property
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