Flexible Office and Warehouse
1992 New Scotland Road, Slingerlands, NY 12159
For Sale
$750,000
Commercial Sale, Slingerlands, NY
Property Size5,400 SF
Lot Size0.59 Acres
Price / SF$138.89
Days on Market52
Property Features for 1992 New Scotland Road
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Lot features
Elementary school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
Staged Nest Real Estate LLC
(518) 369-8441
Listed By:
Frances P Callahan · License #30CA0949290
(518) 265-9295
Added: Sep 19
Changed: Oct 27
Last Checked: Nov 9 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.
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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 / Yr
$61,601
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
$430,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Albany County, NY
Properties on Market for Flex space in Albany County
Vacancy Rate% for Industrial in Northeast region
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
