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

    640 5Th Ave Troy, NY 12182

    • Investment properties
    • 1,734 SF
    • 0.14 lot acres
    For Sale
    View listing
    $199,500
    Value Estimations
    Cap Rate Potential
    7.8%
    Investment properties
    Location Intelligence
    Property ID
    US63-1796343
    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

    • Lloyds of Troy / Beauty Salon

    Property Details for 640 5Th Ave

    Year built
    1953
    Lot size
    0.14 lot acres
    Property size
    1,734 SF
    Zone code
    R4
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    381700 80.48-9-14
    APU
    3817008048914

    Description

    This exceptional mixed-use property, located at 640 5th Avenue, Unit 640 in the vibrant city of Troy, New York, presents a compelling investment opportunity. Situated on a sizable 0.14-acre lot, this property offers significant potential for a variety of uses, catering to both commercial and residential needs. The building's precise square footage is currently unavailable, however, the substantial lot size suggests ample space for expansion or redevelopment. The asking price of $229,900 represents a competitive entry point into the Troy real estate market, a city known for its rich history, burgeoning arts scene, and convenient access to major transportation routes. This location provides excellent visibility and accessibility, making it an ideal choice for entrepreneurs seeking a high-traffic area for their business ventures. The property's mixed-use zoning allows for flexibility in development plans, opening doors to a range of possibilities. Investors will appreciate the potential for strong rental income and long-term appreciation in this dynamic urban setting. Serious inquiries are encouraged to explore the full potential of this unique investment opportunity in the heart of Troy. Further details regarding the building's interior and specific zoning regulations are available upon request. Don't miss this chance to acquire a valuable piece of Troy's thriving commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $220,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $340,000
      6.5%
      $315,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $133,000
      Market price range: $48.9k - $134k
      AI Estimate
      $154,000
      Market price range: $45.2k - $154k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $145,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Rensselaer
    State
    New York
    Longitude
    -73.6721
    Latitude
    42.7766
    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
    $7,500
    $102,500
    $110,000
    -
    $10,711
    $146,389
    $157,100

    Comparable in this City

    • Value Estimation
      $210,000
      1,165 SF

      664 5th Ave

      STORE/OFFICE (MIXED USE) • 1,165 SF
      664 5th Ave, Troy, NY 12182-2331
      View Details
    • Value Estimation by Request
      15,562 SF

      869 2nd Ave

      STORE/OFFICE (MIXED USE) • 15,562 SF
      869 2nd Ave, Troy, NY 12182-1920
      View Details
    • Value Estimation
      $235,000
      1,200 SF

      Speigletown Rd

      STORE/OFFICE (MIXED USE) • 1,200 SF
      Speigletown Rd, Troy, NY 12182
      View Details
    • Value Estimation
      $185,000
      900 SF

      555 State Rte 40

      STORE/OFFICE (MIXED USE) • 900 SF
      555 State Rte 40, Troy, NY 12182
      View Details
    • Value Estimation
      $265,000
      1,740 SF

      58 114th St

      STORE/OFFICE (MIXED USE) • 1,740 SF
      58 114th St, Troy, NY 12182-2717
      View Details
    • Value Estimation
      $225,000
      1,200 SF

      489 State Rte 40

      STORE/OFFICE (MIXED USE) • 1,200 SF
      489 State Rte 40, Troy, NY 12182-3805
      View Details

    Similar Nearby for Sale

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      Prime Troy Mixed-Use Corner Lot

      High-traffic location, redevelopment opportunity.
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      Established Plumbing/Heating AC Business For Sale

      94-year-old plumbing and HVAC business with real estate and client list.
      323 5Th Ave, Troy, NY 12182
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    • $289,000
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      Mixed-Use Property on Corner Lot

      Mixed-use property with commercial storefront and two rental units.
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    • $499,000
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      Automotive Repair & Sales Business

      Established automotive repair and sales business, a turnkey opportunity.
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      Turnkey Investment Property in Troy

      Fully occupied six-unit building with strong cash flow and low maintenance.
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    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Oakwood Ave Warehouse Space Available

      Large Warehouse, High Traffic Area
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      View Details
    • $3,000 /Mo
      3,596 SF

      Former Bank with Drive-Thru

      Former bank with drive-thru, office space, and full basement.
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      View Details
    • $2,500 /Mo
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      Retail Space in Troy

      2000 sq ft retail space available for rent.
      7 Northern Dr, Troy, NY 12182
      View Details
    • $12 SF/Yr
      10,455 SF

      Retail Space in High-Traffic Location

      Retail or office space available in a convenient, accessible location.
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      View Details
    • $1,250 /Mo
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      Troy Retail Space For Lease

      Prime retail space in busy Troy shopping plaza.
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      View Details
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    640 5Th Ave
    Troy, NY 12182
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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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