Two-Story Professional Office
For Sale
$699,000
1280 New Scotland Road, Slingerlands, NY 12159
Well-maintained two-story office building with private offices, conference rooms, and ample on-site parking.
Property Size3,952 SF
Lot Size0.37 Acres
Price / SF$176.87
Days on Market51
Property Features for 1280 New Scotland Road
General Information
Standard status
Active
Size
3,952 SF
Total Parking Spaces
20
Lot size
0.37 Acres
Property subtype
Office
Additional Details
Road Access
Yes
Building Details
Stories
2
Listing Agency:
CBRE | Albany
(518) 365-0990
Listed By:
Dan Simpson · License #Associate Real Estate Broker
(518) 365-0990
Source:
Cbre
Added: Jun 11
Changed: Jul 10
Last Checked: Jul 30 at 4:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | Albany
Investment Insights
Based on property information with market context.
Offered for sale is a well-maintained, two-story professional office building totaling 3,952 SF. The first floor includes a reception and work area, eight (8) private offices, a conference room, and a kitchenette, along with two (2) handicap accessible restrooms and a private bath with shower. The second floor offers three (3) private offices, a conference room, and an additional bathroom. The property sits on a 0.37-acre site with 20 on-site parking spaces. Building systems and conveniences include central air, a natural gas generator capable of powering the whole building, and a UPS drop box on site.
The building is located at a signalized intersection on New Scotland Road, providing straightforward vehicular access and a prominent address for business users.
This configuration supports a range of office users seeking established, private room layouts with shared meeting space. With separate restroom facilities on the first floor and dedicated offices on both levels, the property may fit professional firms, administrative teams, or other organizations looking to operate from a dedicated office building with parking on site and backup power for continuity.
The building is located at a signalized intersection on New Scotland Road, providing straightforward vehicular access and a prominent address for business users.
This configuration supports a range of office users seeking established, private room layouts with shared meeting space. With separate restroom facilities on the first floor and dedicated offices on both levels, the property may fit professional firms, administrative teams, or other organizations looking to operate from a dedicated office building with parking on site and backup power for continuity.
Key Highlights
- 3,952 SF two‑story professional office building on New Scotland Road
- First‑floor layout includes reception, work area, 8 private offices, conference room, kitchenette, and two handicap‑accessible restrooms
- Second‑floor layout offers 3 private offices, conference room, and a bathroom
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.3k | $26.40 |
| − Vacancy | −$23.0k | −$5.81 |
| EGI | $81.4k | $20.59 |
| − OpEx | −$20.3k | −$5.15 |
| NOI | $61.0k | $15.44 |
3,952 SF · lease $26.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$871.9K
$762.9K – $1.02M
NOI $61,035 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,324 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 12159, NY
8,524
Population
3,980
Households
2.1
Avg Household Size
47
Median Age
65%
College-Educated
97%
High-School Grad
15.1 sq mi
ZIP Area
565
Density / Sq Mi
$109,073
Median Household Income
$63,604
Median Earnings
$1,632
Median Rent
$430,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained two-story office building with private offices, conference rooms, and ample on-site parking.
Where is this office building located?
The property is located at 1280 New Scotland Road Slingerlands, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3,952 SF two‑story professional office building on New Scotland Road; First‑floor layout includes reception, work area, 8 private offices, conference room, kitchenette, and two handicap‑accessible restrooms; Second‑floor layout offers 3 private offices, conference room, and a bathroom
