Two-Story Professional Office
For Sale
Contact for pricing
1280 New Scotland Rd, Slingerlands, NY 12159
Well-maintained two-story office building offering private offices, conference rooms, central air, and on-site parking.
Property Size3,952 SF
Lot Size0.37 Acres
Price / SF$176.87
Days on Market19
Property Features for 1280 New Scotland Rd
General Information
Standard status
Active
Size
3,952 SF
Total Parking Spaces
20
Lot size
0.37 Acres
Property subtype
OFFICE
Additional Details
Office Units
11
Building Details
Stories
2
Listing Agency:
CBRE | Albany
(303) 260-4434
Listed By:
Dan Simpson · License #30SI0855145
(303) 260-4434
Source:
Moodyscre
Added: Jul 13
Changed: Jul 15
Last Checked: Jul 15 at 2:07AM
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 square feet. The first-floor layout features a reception and work area, eight private offices, a conference room, kitchenette, two handicap-accessible restrooms, and a private bath with shower. The second floor includes three private offices, an additional conference room, and a bathroom. The building is served by central air and includes a natural gas generator capable of powering the whole building.
The property sits on a 1.37-acre site at a signalized intersection on New Scotland Road and offers 20 parking spaces. An on-site UPS drop box is also provided for tenant and business use.
With a mix of reception, multiple private offices, and conference rooms across two levels, the building is configured for professional office operations needing dedicated rooms and on-site parking.
The property sits on a 1.37-acre site at a signalized intersection on New Scotland Road and offers 20 parking spaces. An on-site UPS drop box is also provided for tenant and business use.
With a mix of reception, multiple private offices, and conference rooms across two levels, the building is configured for professional office operations needing dedicated rooms and on-site parking.
Key Highlights
- 3,952 SF well‑maintained, two‑story professional office building at a signalized intersection on New Scotland Road
- First‑floor layout includes reception/work area, 8 private offices, conference room, kitchenette, and 2 handicap accessible restrooms
- Second‑floor layout features 3 private offices, a 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
Current Use
Lease Details
11
Office units
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
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained two-story office building offering private offices, conference rooms, central air, and on-site parking.
Where is this office building located?
The property is located at 1280 New Scotland Rd 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 well‑maintained, two‑story professional office building at a signalized intersection on New Scotland Road; First‑floor layout includes reception/work area, 8 private offices, conference room, kitchenette, and 2 handicap accessible restrooms; Second‑floor layout features 3 private offices, a conference room, and a bathroom
