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Property profile & analytics
FOR LEASE
Investment properties

16 N Greenbush Rd Troy, NY 12180

32,800 SF 3 ac lot Built 2018
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US63-5279727
Property summary
AI-generated overview

This exceptional Class A office space, located at 16 North Plaza (16 N Greenbush Rd) in Troy, NY, offers 3,500 square feet of versatile, single-tenant occupancy. Built in 2018, the property boasts a modern, open floor plan designed to maximize natural light and productivity. The space includes private offices, perfect for a variety of business needs. Ample parking is available for employees and clients. The building's prime location directly across from Hudson Valley Community College provides excellent visibility and accessibility. Furthermore, the property benefits from its proximity to a wealth of amenities, including Starbucks, Panera Bread, Bubbakoos Burritos, Junior's Bar & Grill, and Stewart's Shops, ensuring convenience for occupants and visitors. This is a rare opportunity to secure a high-quality, modern office space in a vibrant and convenient location within Rensselaer County. The property is categorized as Creative Office, Professional Office, and Modern Office, making it suitable for a wide range of businesses. The entire 3,500 square feet is currently vacant and ready for immediate occupancy. This single-tenant space offers a unique opportunity to establish a strong presence in a desirable area. The zip code is 12180.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2018
Total area 32,800 SF
Lot 3 ac (130,680 SF)
APN 383200 123.-1-1.2
UPID US63-5279727
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
  • Panera Bread Cafe & Coffee Shop
  • The Green Room Physical Therapy Physician
  • Emergency Dentist Troy Dental Office
  • The Face Space Spa & Massage Center Alternative Medicine Practice
  • Harmony Counseling, PLLC Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.08M
Blend (final) Blend
$825k
Owner & transaction history
16 North Development LLC · 3 yrs held
16 North Development LLC
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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