Multispecialty Medical Office
For Sale
Contact for pricing
14 Vista Blvd, Slingerlands, NY 12159
Medical office building on Vista Blvd with strong patient access and a large surrounding population base.
Property Size6,000 SF
Price / SF$283.33
Days on Market663
Property Features for 14 Vista Blvd
General Information
Standard status
Active
Size
6,000 SF
Property subtype
OFFICE
Site & Location
Traffic Count
11,000 vehicles/day
Road Access
Yes
Listing Agency:
Northmarq | New York
(646) 841-0637
Listed By:
Jeffrey Munoz · License ##452773
(617) 728-9528
Source:
Moodyscre
Added: Oct 15, 2024
Changed: Aug 8
Last Checked: Aug 8 at 10:40AM
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 Northmarq | New York
Investment Insights
Based on property information with market context.
This medical office building is part of Community Care Physicians’ network of practices, including over 30 healthcare specialties across more than 70 practice locations throughout the greater Capital Region of New York.
The property is located off Vista Blvd, which sees more than 11,000 vehicles per day, supporting convenient patient access. The surrounding area includes a diverse retail and restaurant corridor as well as a strong medical presence with practices such as Physical Therapy, Plastic Surgery, and Ophthalmology.
According to Pivotal Analytics, within 15 minutes of the property there is an Internal Medicine physician gap with a calculated FTE physician gap of 50.6, indicating the defined market could support additional Internal Medicine providers before demand is fully met. Within 5 miles, the population is reported to be over 130,000 with an average household income of $109,000.
The property is located off Vista Blvd, which sees more than 11,000 vehicles per day, supporting convenient patient access. The surrounding area includes a diverse retail and restaurant corridor as well as a strong medical presence with practices such as Physical Therapy, Plastic Surgery, and Ophthalmology.
According to Pivotal Analytics, within 15 minutes of the property there is an Internal Medicine physician gap with a calculated FTE physician gap of 50.6, indicating the defined market could support additional Internal Medicine providers before demand is fully met. Within 5 miles, the population is reported to be over 130,000 with an average household income of $109,000.
Key Highlights
- Medical office building on Vista Blvd
- Vista Blvd sees over 11,000 vehicles per day for patient access
- More than 70 practices and over 30 healthcare specialties under Community Care Physicians
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,664
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,853,280
$1.9M
Cap Rate 7%
$1,323,771
$1.3M
Cap Rate 9%
$1,029,600
$1.0M
Market Conditions
NOI Build-Up for 6,000 SF
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.
Gross rent
$158.4K $26.40/SF
− Vacancy
−$34.8K −$5.81/SF
EGI
$123.6K $20.59/SF
− OpEx
−$30.9K −$5.15/SF
NOI
$92.7K $15.44/SF
Area
Albany County, NY
Vacancy
22.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,853,280
Cap Rate 7%
$1,323,771
Cap Rate 9%
$1,029,600
Alternative Uses
Best Use
Office B
$1.32M
$1.16M – $1.54M
NOI $92,664 @ 7.0% cap · market cap 5.45%
Second Best
Healthcare Medical
$945.5K
$827.3K – $1.10M
NOI $66,182 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,058 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
11,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
138
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?
Medical center - Medical office building on Vista Blvd with strong patient access and a large surrounding population base.
Where is this medical center located?
The property is located at 14 Vista Blvd Slingerlands, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Medical office building on Vista Blvd; Vista Blvd sees over 11,000 vehicles per day for patient access; More than 70 practices and over 30 healthcare specialties under Community Care Physicians
