Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2222 6th Ave Troy, NY 12180-2203

    • Office buildings
    • 8,278 SF
    • 0.77 lot acres
    OFF-MARKET
    Last Sale
    Apr 27, 2022
    $1,575,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3612329
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manijeh Contractor, M.D. / Ophthalmologist
    • Riverfront Optical at Ophthalmic Consultants of the Capital Region / Ophthalmologist / (Bike/Boat/Book/etc) Store
    • Heather L. Deere, O.D. / Physician
    • Allen W. Zieker, M.D. / Optician / Surgeon
    • Robert B. Feldman, M.D. / Ophthalmologist

    Property Details for 2222 6th Ave

    Year built
    1996
    Lot size
    0.77 lot acres
    Property size
    8,278 SF
    Zone code
    R4
    Property type
    Office buildings
    APN
    381700 101.38-5-50
    APU
    38170010138550

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Rensselaer
    State
    New York
    Longitude
    -73.6838
    Latitude
    42.7358
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $440,000
    $650,000
    $1,090,000
    -
    $628,554
    $928,546
    $1,557,100

    Comparable in this City

    • Value Estimation by Request
      3.39 Acres

      385 Jordan Rd

      PROFESSIONAL BUILDING • 3.39 Acres
      385 Jordan Rd, Troy, NY 12180-7620
      View Details
    • Value Estimation by Request
      4.17 Acres

      145 Jordan Rd

      PROFESSIONAL BUILDING • 4.17 Acres
      145 Jordan Rd, Troy, NY 12180-8390
      View Details
    • Value Estimation by Request
      4,148 SF

      137 Hoosick St

      OFFICE BUILDING • 4,148 SF
      137 Hoosick St, Troy, NY 12180-2323
      View Details
    • Value Estimation
      $2,035,000
      97,683 SF

      547 Riv St

      OFFICE BUILDING • 97,683 SF
      547 Riv St, Troy, NY 12180-2269
      View Details
    • Value Estimation
      $825,000
      37,353 SF

      92-96 4th St

      OFFICE BUILDING • 37,353 SF
      92-96 4th St, Troy, NY 12180
      View Details
    • Value Estimation
      $1,505,000
      28,559 SF

      1504 5th Ave

      OFFICE BUILDING • 28,559 SF
      1504 5th Ave, Troy, NY 12180-4192
      View Details

    Similar Nearby for Sale

    • $2,300,000
      29,760 SF

      Monument Square Office Building

      29,760 SF office building in Troy, New York.
      251 River St, Troy, NY 12180
      View Details
    • $3,500,000
      18,339 SF

      Office Building with Expansion Potential

      Office building for sale with expansion and warehouse space.
      300 Jordan Rd, Troy, NY 12180
      View Details
    • $1,800,000

      Versatile Property with Multiple Buildings

      18 acres with office and warehouse space near Albany.
      150 Brick Church Rd, Troy, NY 12180
      View Details
    • $12,500,000
      28,823 SF

      Troy Office Building For Sale

      Office building with easy access to Route 787.
      400 Jordan Rd, Troy, NY 12180
      View Details
    • $1,450,000
      9,171 SF

      Downtown Troy Commercial Building

      Circa 1840, 9,171 SF brick building in downtown Troy.
      28 2Nd St, Troy, NY 12180
      View Details
    • $1,200,000
      10,100 SF

      Historic Bank Building with Elevator

      Historic 1936 bank building modernized for office, retail, or restaurant.
      50 4Th St, Troy, NY 12180
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Renovated Office Building in Downtown

      Newly renovated office building with modern amenities in downtown Troy.
      433 River St, Troy, NY 12180
      View Details
    • $18 SF/Yr
      69,000 SF

      Redevelopment Opportunity in Troy, NY

      26.69-acre campus with 69,000 SF building for rehabilitation.
      125 Bloomingrove Dr, Troy, NY 12180
      View Details
    • $16 SF/Yr
      25,000 SF

      RPI Tech Park Flex/Office Space

      25,000 SF flex/office space in RPI Tech Park.
      125 Jordan Rd, Troy, NY 12180
      View Details
    • $16 SF/Yr
      26,280 SF

      RPI Tech Park Office/Flex Building

      26,280 SF office/flex building with loading docks and drive-in door.
      200 Jordan Rd, Troy, NY 12180
      View Details
    • $1.00 SF/Yr
      48,472 SF

      Historic Gurley Building Office Space

      Prestigious office space in Troy's historic district for lease.
      514 Fulton St, Troy, NY 12180
      View Details
    • $15 SF/Yr
      29,760 SF

      Monument Square Office Building

      29,760 SF office building in the heart of Monument Square.
      251 River St, Troy, NY 12180
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2222 6th Ave
    Troy, NY 12180-2203
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.