Single-Tenant Medical Office
For Sale
Contact for pricing
14 Vista Boulevard, Slingerlands, NY 12159
Fee simple medical office building is fully occupied under a modified gross lease with 1% annual increases.
Property Size6,000 SF
Price / SF$283.33
Days on Market114
Property Features for 14 Vista Boulevard
General Information
Standard status
Active
Size
6,000 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Net Lease
Net Operating Income
$135,737
Site & Location
Traffic Count
11,000 vehicles/day
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Northmarq - Tulsa
Listed By:
Toby Scrivner · License #TX #452773
(918) 494-2690
Source:
Crexi
Added: May 21
Changed: Sep 7
Last Checked: Sep 11 at 4:31AM
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 - Tulsa
Investment Insights
Based on property information with market context.
This single-tenant medical office building is offered in fee simple and is 100% occupied by Community Care Physicians (CCP). The property is currently operated as internal medicine services. The lease is structured as modified gross with 1% annual rental increases. The tenant has one 5-year option remaining, and the initial lease term has 1.7 years remaining.
The building is located directly off Vista Blvd, which is reported to see over 11,000 vehicles per day. It sits near retail and restaurant tenants as well as other medical practices, including physical therapy, plastic surgery, and ophthalmology.
The property is in Slingerlands, within the Albany MSA, and supports a continuing medical practice footprint with an established operating tenant in place.
The building is located directly off Vista Blvd, which is reported to see over 11,000 vehicles per day. It sits near retail and restaurant tenants as well as other medical practices, including physical therapy, plastic surgery, and ophthalmology.
The property is in Slingerlands, within the Albany MSA, and supports a continuing medical practice footprint with an established operating tenant in place.
Key Highlights
- Fee simple interest in a single‑tenant medical office building in Slingerlands, NY (Albany MSA).
- 100% occupied by Community Care Physicians (CCP) under a Modified Gross lease.
- Lease structure includes 1% annual rental increases with 1, 5‑year option remaining.
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
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Open Analytics
Current Use
Lease Details
11,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fee simple medical office building is fully occupied under a modified gross lease with 1% annual increases.
Where is this medical office space located?
The property is located at 14 Vista Boulevard 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: Fee simple interest in a single‑tenant medical office building in Slingerlands, NY (Albany MSA).; 100% occupied by Community Care Physicians (CCP) under a Modified Gross lease.; Lease structure includes 1% annual rental increases with 1, 5‑year option remaining.
