Medical Office Building with Vacant First
For Sale
Contact for pricing
834 Kenwood Ave, Slingerlands, NY 12159
Medical office building offering immediate-use first-floor space alongside existing tenants.
Property Size5,376 SF
Lot Size0.33 Acres
Price / SF$179.50
Days on Market183
Property Features for 834 Kenwood Ave
General Information
Standard status
Active
Size
5,376 SF
Lot size
0.33 Acres
Property subtype
OFFICE
Listing Agency:
CBRE | Albany
(303) 260-4434
Listed By:
Dan Simpson · License #30SI0855145
(303) 260-4434
Source:
Moodyscre
Added: Jan 29
Changed: Jul 30
Last Checked: Jul 30 at 3:57PM
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 CBRE | Albany
Investment Insights
Based on property information with market context.
This medical office building is well suited for an owner-occupier who wants space on-site while retaining income from existing tenants. The first floor includes 2,688 SF of vacant space for immediate use.
The property was previously a physician’s office and features multiple plumbing points throughout the first floor, many of which are now capped. Set on a 0.33-acre site, the building provides an established medical-office setting for an end user or a continuing-tenant strategy.
With a total property size of 5,376 SF, the available first-floor area can support an in-place workflow, while the remainder of the building supports the current tenant configuration.
The property was previously a physician’s office and features multiple plumbing points throughout the first floor, many of which are now capped. Set on a 0.33-acre site, the building provides an established medical-office setting for an end user or a continuing-tenant strategy.
With a total property size of 5,376 SF, the available first-floor area can support an in-place workflow, while the remainder of the building supports the current tenant configuration.
Key Highlights
- 2,688 SF vacant first‑floor space for immediate use
- Former physician’s office with multiple plumbing points on the first floor
- Multiple plumbing points are now capped throughout the first floor
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 | $141.9k | $26.40 |
| − Vacancy | −$31.2k | −$5.81 |
| EGI | $110.7k | $20.59 |
| − OpEx | −$27.7k | −$5.15 |
| NOI | $83.0k | $15.44 |
5,376 SF · lease $26.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.38M
NOI $83,027 @ 7.0% cap · market cap 8.60%
Second Best
Healthcare Medical
$847.1K
$741.2K – $988.3K
NOI $59,299 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,428 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Under-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
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 Office Space - Medical office building offering immediate-use first-floor space alongside existing tenants.
Where is this medical office space located?
The property is located at 834 Kenwood Ave Slingerlands, NY.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: 2,688 SF vacant first‑floor space for immediate use; Former physician’s office with multiple plumbing points on the first floor; Multiple plumbing points are now capped throughout the first floor
