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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    300 Jordan Rd Troy, NY 12180

    • Manufacturing properties
    • 3.26 lot acres
    For Sale
    View listing
    $3,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3474100
    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

    • United Group of Companies / Construction Company / General Contractor
    • Raith America, Inc., International Applications Center / Factory / Production Facility
    • Jennifer Volpe Dance Co / Theater & Performing Art Venue / Training Center
    • IREM Capital Region! / Real Estate Agency
    • United Development Corporation / Construction Company / General Contractor

    Property Details for 300 Jordan Rd

    Lot size
    3.26 lot acres
    Property type
    Manufacturing properties
    APN
    383200 122.-1-4.91
    APU
    3832001221491

    Description

    This exceptional ±34,197 square foot Class A office and warehouse building is offered for sale at $3,750,000. Located within the prestigious RPI Tech Park in Troy, New York (12180), this multi-tenant property sits on a 3.26-acre parcel with a land lease extending to May 2083 (pre-paid). The building boasts approximately 17,190 square feet of office space and 11,149 square feet of warehouse space, currently 100% occupied with a lease extending to November 30, 2033, offering significant long-term income potential. Features include three loading docks, an 18-foot ceiling height in the warehouse area, and approximately 78 parking spaces. The warehouse features an 8-inch reinforced concrete slab and robust electrical service (1600 amps, 480 volts, 3-phase). The property is zoned for technology park use and offers beautiful views and a full backup generator. There is potential to convert additional square footage back to warehouse space in the future. This is a rare opportunity to acquire a high-quality, income-producing asset in a desirable technology park setting. The property's location in Rensselaer County, NY, provides excellent access to major transportation routes and a skilled workforce. The building's strong tenant occupancy and long-term lease provide a stable investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $635,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Rensselaer
    State
    New York
    Longitude
    -73.6991
    Latitude
    42.6775
    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
    $30,279
    $387,521
    $417,800
    -
    $157,294
    $2,013,096
    $2,170,390

    Comparable in this City

    • Value Estimation
      $1,130,000
      43,504 SF

      365 Jordan Rd

      MANUFACTURING (LIGHT) • 43,504 SF
      365 Jordan Rd, Troy, NY 12180-8347
      View Details
    • Value Estimation by Request
      12,142 SF

      2800 7th Ave

      MANUFACTURING (LIGHT) • 12,142 SF
      2800 7th Ave, Troy, NY 12180-1519
      View Details
    • Value Estimation by Request
      5,072 SF

      115 Defreest Dr

      MANUFACTURING (LIGHT) • 5,072 SF
      115 Defreest Dr, Troy, NY 12180
      View Details
    • Value Estimation by Request
      9,927 SF

      12 Industrial Park Rd

      INDUSTRIAL (GENERAL) • 9,927 SF
      12 Industrial Park Rd, Troy, NY 12180-6197
      View Details
    • Value Estimation by Request
      2,460 SF

      2001 Main St

      WAREHOUSE, STORAGE • 2,460 SF
      2001 Main St, Troy, NY 12180
      View Details
    • Value Estimation by Request
      1,155 SF

      203 4th St

      WAREHOUSE, STORAGE • 1,155 SF
      203 4th St, Troy, NY 12180
      View Details

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    Similar Nearby for Lease

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    • $16 SF/Yr
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      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
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    • $16 SF/Yr
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      RPI Tech Park Flex/Office Space

      25,000 SF flex/office space in RPI Tech Park.
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    • $16 SF/Yr
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      RPI Tech Park Office/Flex Space

      Office/flex space for lease in RPI Tech Park.
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      Prime location in downtown Troy's River Street corridor.
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      View Details
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    300 Jordan Rd
    Troy, NY 12180
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    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
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