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Property profile & analytics
OFF-MARKET
Estimated value
$7,550,000
Hotels
235 Hoosick St, Troy, NY 12180-2428
Entity Owned
13-yr Hold
Free & Clear
Property ID
US63-0168699
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2009
Total area
154,587 SF
Lot
3.79 ac (165,092 SF)
Zoning code
HCD
APN
381700 101.32-3-3
UPID
US63-0168699
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
-
Hilton Garden Inn Troy Hotel & Motel
-
The Rensselaer Hotel & Motel Resort
-
Recovery Sports Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.55M
Owner & transaction history
Hoosick Hotel LLC · 13 yrs held
Hoosick Hotel LLC
since 2012
3 recorded transactions
Zoning & alternative use
HCD · Troy, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Troy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troy submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$11,215,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,930,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$8,380,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,560,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$7,225,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,205,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$5,805,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$7.55M
Range $6.80M – $8.31M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$49 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$8,450,000
Assessed 2023
Previous assessed
$8,450,000
+0.0% YoY
Assessed land
$1,700,000
Assessed improvement
$6,750,000
Land market value
$2,428,566
Improvement market value
$9,642,834
Total market value
$12,071,400
Applied tax rate
381,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2009
Heating
NONE
Buildings
1
Stories
7
Total area
154,587 SF
Lot
3.79 ac (165,092 SF)
Zoning code
HCD
APN
381700 101.32-3-3
UPID
US63-0168699
Jurisdiction
RENSSELAER
Zoning & alternative use
HCD · Troy, NY
Zoning HCD · permitted uses
HCD · Troy, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troy. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$11.2M
AUTO REPAIR, GARAGE
Est. value
$10.9M
OFFICE BUILDING
Est. value
$8.4M
COMMERCIAL (GENERAL)
Est. value
$7.6M
RETAIL STORES
Est. value
$7.2M
WAREHOUSE, STORAGE
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.8M
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Heating
NONE
Stories
7
Buildings
1
Lot
3.79 ac
Current owner
From public records · entity-resolved
Hoosick Hotel LLC
Entity
Free & Clear · 13 yrs held
Mailing address
302 WASHINGTON AVE EXT, ALBANY, NY 12203-7306
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2012
—
Hoosick Hotel LLC
Hoosick Hospity LLC
Quit Claim Deed
related
—
Jan 20, 2005
$550,000
Troy Ent Realty LLC
Troy Professional Building
Warranty Deed
related
—
Dec 22, 2004
—
Troy Professional Buildin G Ll
Collins,arthur L
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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