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

    616 Hoosick Rd Troy, NY 12180-6724

    • Retail space
    • 3,944 SF
    • 1.65 lot acres
    OFF-MARKET
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5497493
    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

    • Retail space

    Property Details for 616 Hoosick Rd

    Year built
    2017
    Lot size
    1.65 lot acres
    Property size
    3,944 SF
    Property type
    Retail space
    APN
    382200 101.8-10-3./1
    APU
    38220010181031

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $185,000
      Current use
      AUTO REPAIR, GARAGE
      $280,000
      Change: +51% Conversion: Difficult
      OFFICE BUILDING
      $215,000
      Change: +16% Conversion: Easy
      COMMERCIAL (GENERAL)
      $195,000
      Change: +5% Conversion: Easy
      WAREHOUSE, STORAGE
      $160,000
      Change: -14% Conversion: Difficult
      MEDICAL BUILDING
      $150,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Rensselaer
    State
    New York
    Longitude
    -73.6531
    Latitude
    42.7411
    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
    $18,500
    $132,382
    $150,882
    -
    $96,104
    $687,699
    $783,803

    Comparable in this City

    • Value Estimation
      $265,000
      6,132 SF

      2810 5th Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,132 SF
      2810 5th Ave, Troy, NY 12180-1510
      View Details
    • Value Estimation
      $165,000
      6,889 SF

      618 Hoosick Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,889 SF
      618 Hoosick Rd, Troy, NY 12180-6724
      View Details
    • Value Estimation by Request
      2,532 SF

      3283 6th Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,532 SF
      3283 6th Ave, Troy, NY 12180-1269
      View Details
    • Value Estimation
      $480,000
      58,478 SF

      714 Hoosick Rd, Unit 730

      RETAIL STORES (PERSONAL SERVICES) • 58,478 SF
      714 Hoosick Rd, Troy, NY 12180-8719
      View Details
    • Value Estimation
      $190,000
      2,445 SF

      548 Brunswick Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,445 SF
      548 Brunswick Rd, Troy, NY 12180-6902
      View Details
    • Value Estimation by Request
      12,428 SF

      403 Fulton St

      Individual retail properties • 12,428 SF
      403 Fulton St, Troy, NY 12180
      View Details

    Similar Nearby for Sale

    • $4,402,851
      15,630 SF

      Modern Retail Building in Troy

      15,630 SF retail building constructed in 2022, 100% occupied.
      841 Hoosick Rd, Troy, NY 12180
      View Details
    • $999,999
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      Troy Warehouse with Mixed-Use Potential

      Warehouse with apartments, retail spaces, and parking in Troy.
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      Retail Plaza with Liquor License

      Retail plaza with two storefronts and active liquor license.
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    • $550,000

      Mixed-Use Building with Storefronts

      Mixed-use four-unit building with dual storefronts and two apartments.
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      Downtown Troy Mixed-Use Building

      Mixed-use building with retail and residential units in downtown Troy.
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    Similar Nearby for Lease

    • $2,250 /Mo
      6,250 SF

      Retail Space with Open Floorplan

      Spacious retail space with high traffic flow and ample parking.
      828 Hoosick Rd, Troy, NY 12180
      View Details
    • $1.00 SF/Yr
      106,301 SF

      Historic Mixed-Use Building in Troy

      Mixed-use building with retail and multi-family units in Troy.
      547 River St, Troy, NY 12180
      View Details
    • $2,000 /Mo
      1,400 SF

      North Greenbush Commercial Space

      Commercial space available for rent in North Greenbush, NY.
      264 N Greenbush Rd, Troy, NY 12180
      View Details
    • $21 SF/Yr

      Retail Space Near HVCC

      Retail space available in new development near Hudson Valley College.
      76 N Greenbush Rd, Troy, NY 12180
      View Details
    • $2,700 /Mo
      3,485 SF

      Downtown Troy Commercial Space

      Commercial space for lease in downtown Troy, approximately 1000 SF.
      74-76 Congress St, Troy, NY 12180
      View Details
    • Contact for pricing

      Former Salon in Mixed-Use Project

      Former salon in mixed-use health and wellness project.
      Troy, NY 12180
      View Details

    Property Visit Statistics

    • Visits by month
      1.8k
    • Visitors by month
      1.3k
    • Avg Time on site
      21 min
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    616 Hoosick Rd
    Troy, NY 12180-6724
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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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