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    Investment properties

    200 Northern Dr, Troy, NY 12182

    3,024 SF 0.78 ac lot Built 1980
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US63-1542157
    Property summary
    AI-generated overview

    This exceptional 3,024 square foot office building, located at 200 Northern Drive in Troy, New York, presents a unique investment opportunity. Built in 1980, the single-story structure sits on a 0.78-acre lot and is zoned B1, offering versatility for a range of uses. Currently vacant, this property is ready for immediate occupancy and boasts a highly desirable location within a thriving community. The asking price is $389,900, translating to $128.94 per square foot. The building's adaptable design makes it suitable for various office configurations, including creative, medical, or traditional office spaces. Ample parking is available, ensuring convenient access for staff and clients. The property's excellent condition and convenient location make it an attractive option for businesses seeking a well-maintained and easily accessible space. The property's APN is 80.28-4-1.1. This turnkey solution offers immediate potential for growth and profitability in a desirable market. The property's single-story design and ample parking are key features that enhance its appeal. The location in Rensselaer County, New York, with a zip code of 12182, provides easy access to local amenities and transportation routes. This is an excellent opportunity to acquire a well-maintained and versatile office building in a prime location.

    Property profile
    Verified
    Property type Investment properties
    Use group STORE/OFFICE (MIXED USE)
    Year built 1980
    Total area 3,024 SF
    Lot 0.78 ac (33,977 SF)
    Zoning code B1
    APN 381700 80.28-4-1.1
    UPID US63-1542157
    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
    • Barbara Lahey, FNP-C Physician
    • John O'bryan Medical Clinic
    • Russell Wenacur, MD Pediatrician Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    200 Northern Drive LLC · 8 yrs held
    200 Northern Drive LLC
    since 2017
    2 recorded transactions
    2017
    2015
    $115,000
    Zoning & alternative use
    B1 · Troy, NY
    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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