Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    849 2nd Ave Troy, NY 12182-2085
    Back to Search
    Property profile & analytics

    849 2nd Ave, Troy, NY 12182-2085

    View on Map
    • Strip malls
    • 16,281 SF
    • 1.84 lot acres
    Off-Market
    Last Sale Jul 22, 2025
    $2,100,000
    Property ID
    US63-0616577
    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
    $1,740,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Pizza Hut / Take-out & Catering
    • Whitney M. Young, Jr. Health Center - Troy / Medical Clinic
    • Subway / Take-out & Catering
    • New Beijing of Troy Inc / Restaurant
    • Dunkin' / Cafe & Coffee Shop

    Property Details for 849 2nd Ave

    Year built
    1950
    Lot size
    1.84 lot acres
    Zone code
    B3
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    381700 80.24-1-5.1
    APU
    3817008024151

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,315,000
      RESTAURANT
      $1,250,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Rensselaer
    State
    New York
    Longitude
    -73.6732
    Latitude
    42.7849
    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
    $93,000
    $1,657,000
    $1,750,000
    -
    $132,857
    $2,367,143
    $2,500,000

    Comparable in this City

    • Value Estimation
      $595,000
      31,313 SF

      7 Northern Dr

      SHOPPING CENTER, STRIP CENTER
      7 Northern Dr, Troy, NY 12182-1800
      View Details
    • Value Estimation by Request
      4,326 SF

      1 Northern Dr

      SHOPPING CENTER, STRIP CENTER
      1 Northern Dr, Troy, NY 12182-1841
      View Details
    • Value Estimation by Request
      12,200 SF

      405 2nd Ave

      MINI-MALL
      405 2nd Ave, Troy, NY 12182-3018
      View Details
    • Value Estimation by Request
      13,800 SF

      351 5th Ave, Unit 353

      MINI-MALL
      351 5th Ave, Troy, NY 12182-3119
      View Details
    • Value Estimation by Request
      0.09 Acres

      759 2nd Ave

      PARKING LOT
      759 2nd Ave, Troy, NY 12182-2204
      View Details
    • Value Estimation by Request
      0.27 Acres

      350 5th Ave

      PARKING LOT
      350 5th Ave, Troy, NY 12182
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,391 SF

      Established Plumbing/Heating Business For Sale

      Long-standing plumbing and HVAC business with real estate and assets.
      323 5Th Ave, Troy, NY 12182
      View Details
    • $199,500
      1,734 SF

      Established Salon in North Troy

      Salon with modern atmosphere, seasoned clientele, and off-street parking.
      640 5Th Ave, Troy, NY 12182
      View Details
    • Contact for pricing
      9,100 SF

      Troy Retail Investment Opportunity

      Freestanding retail property with long-term lease and rent increases.
      291 Oakwood Ave, Troy, NY 12182
      View Details
    • Contact for pricing

      Mixed-Use Property on Corner Lot

      Mixed-use property with commercial storefront and two rental units.
      853 5Th Ave, Troy, NY 12182
      View Details
    • $275,000
      2,220 SF

      Mixed-Use Property with Laundromat

      Mixed-use property with operating laundromat in Troy-Lansingburgh area.
      654 2Nd Ave, Troy, NY 12182
      View Details
    • Contact for pricing
      9,100 SF

      New Dollar General Store

      New Dollar General in Brunswick, NY, opening June 2026.
      291 Oakwood Ave, Troy, NY 12182
      View Details

    Similar Nearby for Lease

    • $1,250 /Mo
      31,313 SF

      Troy Retail Space For Lease

      1,000 sq ft retail space in busy shopping plaza.
      7 Northern Dr, Troy, NY 12182
      View Details
    • Contact for pricing
      3,596 SF

      Former Bank with Drive-Thru

      Former bank with drive-thru, office space, and full basement.
      600 2Nd Ave, Troy, NY 12182
      View Details
    • $2,500 /Mo
      844 SF

      Commercial Space with Car Lift

      Versatile commercial/retail space with excellent visibility and parking.
      848 2Nd Ave, 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.
      369 2Nd Ave, Troy, NY 12182
      View Details
    • Contact for pricing
      1,586 SF

      Efficient Warehouse/Workspace with Natural Light

      Open, heated warehouse/workspace with architectural details and natural light.
      18 112Th St, Troy, NY 12182
      View Details

    Property Visit Statistics

    • Visits by month
      3.8k
    • Visitors by month
      3.3k
    • Avg Time on site
      24 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    849 2nd Ave
    Troy, NY 12182-2085
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    849 2nd Ave, Troy, NY, 12182
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!