Troy, OH
Commercial Real Estate Market Trends & Data

$189 Avg asking sale price
$2,017 Avg asking lease rate
8,597 SF Avg unit lease size
16,668 SF Avg building size for sale
6.00% Average cap rate

Troy's Demographic Profile

Troy has 11,941 households and a median income of $66,878, providing context for rent absorption and tenant demand across retail and multifamily assets. A +4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 28,037
# Households 11,941
Median age 42
Median household income $66,878
Avg household size 2.0
Renter-occupied housing units 4,584
5-year population change +4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Troy, OH

↻ Updated Monthly

{{marketTabDescriptions[activeMarketTab]}}

Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Union $241 1,700 SF 10.03%
Vandalia $85 48,044 SF 10.48%
Nearby Retail Markets Avg Cost/SF Typical Size
Troy $212 5,902 SF
Tipp City $148 19,200 SF
Christiansburg $137 1,020 SF
Union $229 10,125 SF
Piqua $71 10,595 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Wright Patterson Afb $125 47,820 SF 7.01%
Fairborn $125 47,820 SF 7.01%
Riverside $79 7,500 SF 7.96%
Enon $98 11,736 SF 8.07%
Trotwood $67 3,499 SF 13.08%

Commercial Properties For Sale in Troy

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

9 Canal

Troy, OH 45373

  • 1,516 SF Retail Building
  • $250,000
For Sale

NNN Freestanding Chase Bank | Troy, OH

Troy, OH 45373

  • 2,360 SF Retail Building
  • 6.00% Cap Rate
  • $1,272,333
For Sale

14 Canal st

Troy, OH 45373

  • 0.27 AC Lot
  • 1 Commercial Lot
  • $250,000
For Sale

17 OH-202

Troy, OH 45373

  • 952 SF Retail Building
  • $250,000
For Sale

206 S Market St

Troy, OH 45373

  • 0.28 AC Lot
  • 1 Commercial Lot
  • $695,000
For Sale

112-118 West Main Street

Troy, OH 45373

  • 16,850 SF Retail Building
  • $1,590,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

How Investors Evaluate Commercial Real Estate Markets

Most Profitable Cities for Multifamily Investments in 2026
Most Profitable Cities for Multifamily Investments in 2026
Data-driven rankings of U.S. cities based on cap rates, pricing, inventory, and renter demand.
What Is a Cap Rate?
What Is a Cap Rate?
How To Calculate This Critical CRE Investment Metric and Why It Matters
How to Buy a Car Wash
How to Buy a Car Wash
Unlock the potential of car wash investments with expert insights on types, costs, and strategies
What Is a Triple-Net Lease? A Guide for CRE Investors
What Is a Triple-Net Lease? A Guide for CRE Investors
A breakdown of how triple-net leases divide costs between landlords and tenants, along with the tax implications and risks investors should weigh before signing.
Net Operating Income (NOI) Calculator
Net Operating Income (NOI) Calculator
Calculating NOI and Understanding the Significance of This Metric in Commercial Real Estate Investment
Common Area Maintenance Charges (CAM)
Common Area Maintenance Charges (CAM)
Understand CAM Fees: How Tenants Share Building Operating Costs
Understanding Existing Office Space Conditions
Understanding Existing Office Space Conditions
The Differences Between Shell Space, Full and Partial Build-Outs and Spec Suites
Tenant Improvement Allowance (TIA)
Tenant Improvement Allowance (TIA)
What Is a Tenant Improvement Allowance in Commercial Real Estate?

Nearby Commercial Markets

Comparing nearby markets helps investors see whether Troy pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Troy $189 16,668 SF
Tipp City $228 10,249 SF
Christiansburg $137 1,020 SF
Union $269 4,508 SF
Piqua $67 17,732 SF

Regional Demographic Comparison

This comparison places Troy alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Troy or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Troy 28,037 11,941 42 $66,878 2 4,584 4%
Tipp City 10,566 4,345 43 $69,609 2 1,340 4%
Christiansburg 25 10 46 $67,500 2 2 -8%
Union 6,488 2,660 41 $67,873 2 507 -2%
Piqua 21,508 8,938 42 $51,667 2 3,506 4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Troy, OH and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Troy

View All Commercial Real Estate For Sale in Troy
Is Troy a good market for a first-time commercial real estate investor?

Troy offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Troy?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Troy. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Troy?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Troy. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Troy compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Troy. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Troy acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Troy, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Cities
Commercial Market Reports