Flexible Office and Warehouse
New
For Sale
$750,000
1992 New Scotland Road, Slingerlands, NY 12159
Commercial Sale, Slingerlands, NY
Property Size5,400 SF
Lot Size0.59 Acres
Price / SF$138.89
Days on Market6
Property Features for 1992 New Scotland Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
15
Parking features
Off Street
Interior features
Wall Paneling
Lot features
Road Frontage, Level, Cleared
Elementary school
Voorheesville
High school
Voorheesville
Elementary school district
Voorheesville
Middle school district
Voorheesville
High school district
Voorheesville
Directions
New Scotland Rd just west of 85A
Standard status
Active
APN
013489 84.-2-28.1
Size
5,400 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Annual Amount
8466
Utilities
Sewer type
Septic Tank
Heating system
Hot Water(Heating), Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Flooring type
Concrete, Tile
Building materials
Block, Vinyl Siding
Roof type
Shingle, Rubber
Architectural style
Other
Listing Agency:
Staged Nest Real Estate LLC
(518) 369-8441
Listed By:
Frances P Callahan · License #30CA0949290
(518) 265-9295
Added: Sep 19
Changed: Sep 22
Last Checked: Sep 24 at 3:06AM
MLS# 202626585
Copyright © 2026 Global MLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,400-square-foot flex property combines office, storage, and warehouse areas within a 1950 building. The current configuration is approximately 40% office and 60% storage/warehouse space, with ceiling heights that vary by area. Concrete and tile flooring, wall paneling, a bathroom, natural-gas baseboard and hot-water heating, and block and vinyl-sided construction are included. The property is served by public water and a septic tank, with both shingle and rubber roofing.
Set on 0.59 acres along New Scotland Road in Slingerlands, the property offers high visibility and ample off-street parking. Commercial zoning supports the existing flex-space format. The building was previously used for a gymnastics studio and offices and is currently used for clean equipment storage.
Set on 0.59 acres along New Scotland Road in Slingerlands, the property offers high visibility and ample off-street parking. Commercial zoning supports the existing flex-space format. The building was previously used for a gymnastics studio and offices and is currently used for clean equipment storage.
Key Highlights
- 5,400 SF building with approximately 40% office and 60% storage/warehouse space
- 0.59‑acre site on New Scotland Road in Slingerlands
- Commercial zoning with high visibility
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
$61,601
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
8.21%
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%
$1,232,020
$1.2M
Cap Rate 7%
$880,014
$880.0K
Cap Rate 9%
$684,456
$684.5K
Market Conditions
NOI Build-Up for 5,400 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
$77.8K $14.40/SF
− Vacancy
−$5.3K −$0.98/SF
EGI
$72.5K $13.42/SF
− OpEx
−$10.9K −$2.01/SF
NOI
$61.6K $11.41/SF
Area
Albany County, NY
Vacancy
6.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
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%
$1,232,020
Cap Rate 7%
$880,014
Cap Rate 9%
$684,456
Alternative Uses
Best Use
Warehouse
$880.0K
$770.0K – $1.03M
NOI $61,601 @ 7.0% cap · market cap 8.21%
Second Best
Industrial
$724.7K
$634.1K – $845.5K
NOI $50,731 @ 7.0% cap · market cap 6.76%
Theoretical Best
Office A
$1.69M
$1.47M – $1.97M
NOI $117,953 @ 7.0% cap · market cap 15.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
96
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 Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned property combining office areas with adaptable storage and warehouse space.
Where is this flex space located?
The property is located at 1992 New Scotland Road Slingerlands, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5,400 SF building with approximately 40% office and 60% storage/warehouse space; 0.59‑acre site on New Scotland Road in Slingerlands; Commercial zoning with high visibility
