Entity Owned Property summary
AI-generated overview
This retail space is located within a shopping plaza in Troy, New York, at 7 Northern Drive, Troy, NY 12182 (Rensselaer County). The unit has approximately 1,000 square feet and is situated in a shopping center anchored by Dollar Tree and Family Dollar, with an additional long-established liquor store on the property. The overall shopping plaza comprises about 31,313 square feet and sits on a 3.85-acre lot. The space is configured for retail use and would generally accommodate a range of neighborhood retail and personal service uses, such as hair or barber services, tattoo or personal-care/esthetic services, boutique retail, bakery or candy/ice offerings, florist, or similar convenience-oriented retail concepts.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1970
Total area
31,313 SF
Lot
3.85 ac (167,706 SF)
Zoning code
B3
APN
381700 70.81-2-14
UPID
US63-3578197
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Bar & Pub
-
(Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Restaurant
-
Discount Store
-
(Bike/Boat/Book/etc) Store Arcade & Gaming Center
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$595k
Owner & transaction history
since 2017
2 recorded transactions
Zoning & alternative use
B3 · Troy, NY
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$595k
Value range
$536k – $655k
±10% around blend
Estimated value / SF
$19 / SF
Confidence
Property data
88
Comparable evidence
60
$536k
blend $595k
$655k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
31,313 SF
Lot area
3.85 ac
Year built
1970
Stories
1
APN
381700 70.81-2-14
Zoning
B3
Assessed value
$1,530,000
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$595k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.53M
Move the market yield to see immediate price impact.
Value / SF
$49
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$96k
$1.93M
$1.38M
$1.07M
$107k
$2.14M
$1.53M
$1.19M
$118k
$2.36M
$1.68M
$1.31M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Property tax & assessments
Assessed value
$1,530,000
Assessed 2023
Previous assessed
$1,530,000
+0.0% YoY
Assessed land
$130,000
Assessed improvement
$1,400,000
Land market value
$185,713
Improvement market value
$1,999,987
Total market value
$2,185,700
Applied tax rate
381,701.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
1
Stories
1
Total area
31,313 SF
Lot
3.85 ac (167,706 SF)
Zoning code
B3
APN
381700 70.81-2-14
UPID
US63-3578197
Jurisdiction
RENSSELAER
Zoning & alternative use
B3 · Troy, NYZoning B3 · permitted uses
B3 · Troy, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
1
Buildings
1
Lot
3.85 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
B3
Jurisdiction
Troy, NY
Recorded code
B3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B3 in Troy, NY.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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