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    549 Hoosick St Troy, NY 12180-2105
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    549 Hoosick St Troy, NY 12180-2105

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    • Investment properties
    • 14,657 SF
    • 1.23 lot acres
    Off-Market
    Property ID
    US63-5997490
    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
    $1,165,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Walgreens Pharmacy / Pharmacy
    • FedEx OnSite / Postal Service / Courier Service
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Western Union / Bank / Credit Union

    Property Details for 549 Hoosick St

    Year built
    2008
    Lot size
    1.23 lot acres
    Property size
    14,657 SF
    Zone code
    B2
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    381700 101.35-1-4
    APU
    3817001013514

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,242,000
      Market price range: $433k - $1.24M
      AI Estimate
      $1,075,000
      Market price range: $380k - $1.08M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $825,000
      Current use
      AUTO REPAIR, GARAGE
      $1,225,000
      Change: +48% Conversion: Difficult
      OFFICE BUILDING
      $790,000
      Change: -4% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Rensselaer
    State
    New York
    Longitude
    -73.6587
    Latitude
    42.7399
    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
    $680,000
    $3,720,000
    $4,400,000
    -
    $971,426
    $5,314,274
    $6,285,700

    Comparable in this City

    • Value Estimation
      $1,155,000
      14,608 SF

      83 Vandenburgh Ave

      STORE/OFFICE (MIXED USE) • 14,608 SF
      83 Vandenburgh Ave, Troy, NY 12180-6024
      View Details
    • Value Estimation by Request
      1,704 SF

      2252 State Hwy 7th 7

      STORE/OFFICE (MIXED USE) • 1,704 SF
      2252 State Hwy 7th 7, Troy, NY 12180-9256
      View Details
    • Value Estimation by Request
      462 SF

      667 Hoosick Rd

      STORE/OFFICE (MIXED USE) • 462 SF
      667 Hoosick Rd, Troy, NY 12180-8815
      View Details
    • Value Estimation
      $1,160,000
      14,659 SF

      272 Hoosick St

      STORE/OFFICE (MIXED USE) • 14,659 SF
      272 Hoosick St, Troy, NY 12180-2436
      View Details
    • Value Estimation by Request
      2,277 SF

      516 Riv St

      STORE/OFFICE (MIXED USE) • 2,277 SF
      516 Riv St, Troy, NY 12180-2215
      View Details
    • Value Estimation by Request
      1,932 SF

      3 Winter St

      STORE/OFFICE (MIXED USE) • 1,932 SF
      3 Winter St, Troy, NY 12180-6218
      View Details

    Similar Nearby for Sale

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      Troy Duplex with Spacious Units

      Duplex with two 3-bedroom units, ideal for investors.
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    • $598,000
      38,876 SF

      Historic Factory Awaiting Redevelopment

      Four-story factory in Troy, NY with mixed-use redevelopment approvals.
      285 2Nd St, Troy, NY 12180
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    • $750,000
      0.06 Acres

      Prime Troy Mixed-Use Investment

      High-yield Troy property, 0.06 acres.
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    • $2,000,000

      Downtown Troy Mixed-Use Building

      Mixed-use building with retail and residential units in downtown Troy.
      47 Congress 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
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      New Mixed-Use Property For Sale

      New construction mixed-use property with retail and residential units.
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    Similar Nearby for Lease

    • $1,625 /Mo
      1,300 SF

      Retail Space in Historic Troy

      1,300 SF retail space for lease in Troy, NY.
      342 Congress St, Troy, NY 12180
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Troy, New York.
      720 Hoosick Rd, Troy, NY 12180
      View Details
    • Contact for pricing

      Downtown Office Space For Lease

      Full floor office spaces available in downtown Troy, NY.
      500 Federal St, Troy, NY 12180
      View Details
    • Contact for pricing
      2,600 SF

      Prime Retail/Office Space Available

      Retail/office spaces with high visibility, 1680-2600 sq ft.
      48-52 N Greenbush Rd, Troy, NY 12180
      View Details
    • $2,500 /Mo

      Versatile Space with Open Layout

      Adaptable commercial space with ample parking and high traffic.
      828 Hoosick Rd, Brunswick, NY 12180
      View Details
    • $1,625 /Mo
      1,300 SF

      Retail Space in Historic Troy

      Ground floor retail space available for lease in Troy.
      342 Congress St, Troy, NY 12180
      View Details

    Property Visit Statistics

    • Visits by month
      7.4k
    • Visitors by month
      7.1k
    • Avg Time on site
      4 min
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    Troy, NY 12180-2105
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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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