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    OFF-MARKET
    Community centers

    841 Hoosick Rd, Troy, NY 12180-6629

    15,630 SF 7.06 ac lot Built 2022
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US63-4890596
    Property summary
    AI-generated overview

    This exceptional retail property at 841 Hoosick Rd, Troy, NY, presents a compelling investment opportunity. Built in 2022, this 15,630 square foot building boasts 100% occupancy, generating a strong net operating income (NOI) of $286,185 and a 6.25% capitalization rate. The asking price is $4,578,964, translating to $292.96 per square foot. Situated on a 7-acre lot, the property is zoned B-15 Commercial, ensuring flexibility for a variety of retail uses. Its prime location in the Albany area offers excellent visibility and accessibility, with proximity to major transportation routes and ample parking. The building's modern construction and well-maintained condition contribute to its attractiveness and strong rental history. This high-demand retail space is an ideal addition to any investor's portfolio, promising substantial returns and long-term value. The property's proven financial performance and full occupancy underscore its stability and potential for continued growth within the thriving Troy market. This is a rare opportunity to acquire a high-performing retail asset in a desirable location.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 2022
    Total area 15,630 SF
    Lot 7.06 ac (307,534 SF)
    Zoning code 2
    APN 382200 91.-2-14
    UPID US63-4890596
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Harbor Freight Tools Building Supply Hardware & Home Improvement
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Tnky Troy LLC · 4 yrs held
    Tnky Troy LLC
    since 2021
    Last sale
    $4.2M
    1 recorded transaction
    2021
    $750,000
    Zoning & alternative use
    2 · Troy, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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