Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2231 15th St Troy, NY 12180-3003
    Back to Search
    Property profile & analytics

    2231 15th St, Troy, NY 12180-3003

    View on Map
    • Investment properties
    • 2,037 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US63-1031834
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lloyd Studio Ltd / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 2231 15th St

    Year built
    1900
    Lot size
    0.11 lot acres
    Zone code
    B1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    381700 101.39-11-10
    APU
    381700101391110

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 9, 2013 $50,000 Valarie Lloyd Lloyd,jacquelyn Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Rensselaer
    State
    New York
    Longitude
    -73.6761
    Latitude
    42.7356
    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
    $21,300
    $78,700
    $100,000
    -
    $30,438
    $112,462
    $142,900

    Comparable in this City

    • Value Estimation by Request
      2,620 SF

      3334 6th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      3334 6th Ave, Troy, NY 12180-1389
      View Details
    • Value Estimation by Request
      2,250 SF

      3025 6th Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      3025 6th Ave, Troy, NY 12180
      View Details
    • Value Estimation by Request
      12,462 SF

      219 Riv St

      OFFICE/RESIDENTIAL (MIXED USE)
      219 Riv St, Troy, NY 12180-3809
      View Details
    • Value Estimation by Request
      2,553 SF

      742 Riv St

      OFFICE/RESIDENTIAL (MIXED USE)
      742 Riv St, Troy, NY 12180-1231
      View Details
    • Value Estimation by Request
      3,150 SF

      670 Riv St

      OFFICE/RESIDENTIAL (MIXED USE)
      670 Riv St, Troy, NY 12180-1503
      View Details
    • Value Estimation by Request
      1,824 SF

      591 Riv St

      OFFICE/RESIDENTIAL (MIXED USE)
      591 Riv St, Troy, NY 12180-2219
      View Details

    Similar Nearby for Sale

    • $989,000
      17,100 SF

      Downtown Troy Mixed-Use Building

      17,100 SF mixed-use building in Downtown Troy.
      55-57 3Rd St, Troy, NY 12180
      View Details
    • Contact for pricing

      Mixed-Use Retail Building Opportunity

      Three-story mixed-use building with established convenience store and laundromat plus flexible upper-floor development space.
      867-869 River St, Troy, NY 12180
      View Details
    • $750,000
      0.06 Acres

      Prime Troy Mixed-Use Investment

      High-yield Troy property, 0.06 acres.
      2253 15Th St, Troy, NY 12180
      View Details
    • Contact for pricing

      Downtown Troy Mixed-Use Building

      Mixed-use building with retail and residential units in downtown Troy.
      47 Congress St, Troy, NY 12180
      View Details
    • Contact for pricing

      New Mixed-Use Property For Sale

      New construction mixed-use property with retail and residential units.
      791 River St, Troy, NY 12180
      View Details
    • $550,000

      Mixed-Use Building with Storefronts

      Mixed-use four-unit building with dual storefronts and apartments.
      114 Congress St, Troy, NY 12180
      View Details

    Similar Nearby for Lease

    • $2,850 /Mo

      Downtown Troy Commercial Space

      Commercial space for lease in downtown Troy.
      81 4Th St, Troy, NY 12180
      View Details
    • $2,200 /Mo
      6,851 SF

      Hoosick Road Commercial Space

      Second-floor office space on a busy retail corridor.
      689-691 Hoosick Rd, Brunswick, NY 12180
      View Details
    • $25 SF/Yr

      Retail Space Near Hudson Valley

      Retail space available in new development near Hudson Valley College.
      26 North Greenbush Rd, North Greenbush, NY 12180
      View Details
    • $1,500 /Mo
      6,250 SF

      Retail Space Available For Rent

      Retail space available for lease, 6250 square feet.
      828 Hoosick Rd, Brunswick, NY 12180
      View Details
    • $16 SF/Yr
      114,198 SF

      Historic Downtown Troy Office Space

      Third-floor office space with period features and high ceilings.
      2 3Rd St, Troy, NY 12180
      View Details
    • Contact for pricing

      Historic Office and Research Space

      Historic downtown Troy office and research space for creative thinkers.
      514 Fulton 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.
    2231 15th St
    Troy, NY 12180-3003
    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

    Thank You for Inquiry
    2231 15th St, Troy, NY, 12180
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!