Single-Tenant Medical Office
14 Vista Boulevard Slingerlands, NY 12159
For Sale
Contact for pricing
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 Market65
Property Features for 14 Vista Boulevard
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Office
Listing Agency:
Northmarq - Tulsa
Listed By:
Toby Scrivner · License #TX #452773
Source:
Crexi
Added: May 21
Changed: Jul 23
Last Checked: Jul 24 at 9:05AM
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 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 | $158.4k | $26.40 |
| − Vacancy | −$34.8k | −$5.81 |
| EGI | $123.6k | $20.59 |
| − OpEx | −$30.9k | −$5.15 |
| NOI | $92.7k | $15.44 |
6,000 SF · lease $26.40/SF/yr · vacancy 22.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Office of Dr. Lev ...
Physician
Sharon Aragona, PA-C
Physician
Jude Koblenzer, NP
Physician
Tara Fay, FNP-BC
Physician
Terry Kallner, FNP-C
Physician
FAQs
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.
