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    41 Vista Blvd Slingerlands, NY 12159

    For Lease
    Contact for pricing

    Large Single-Tenant Grocery Box, Lease in Place

    Lot size:
    69,106 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 69,106-square-foot retail property, located at 41 Vista Boulevard in Albany County, presents a unique investment opportunity. Built in 2012, this single-story building sits on a 7.8-acre lot and boasts impressive ceiling heights ranging from 14 feet to a remarkable 25 feet 6 inches. Currently vacant, the property features a lease in place extending until 2032, providing long-term stability and potential for significant return. The building's strategic location benefits from a strong surrounding commercial environment, including nearby Market 32, Bellini's Italian Eatery, Broadview Federal Credit Union, and Dunkin' Donuts. Furthermore, the property enjoys proximity to Plug Power's new headquarters, housing over 1,100 employees with potential future expansion to 1,600. This prime location is supported by a robust demographic profile, with average household incomes exceeding $198,000 within a one-mile radius. The substantial size and flexible layout of this former grocery box store offer immense potential for a variety of retail uses, making it an attractive proposition for discerning investors seeking a high-value asset in a thriving market. The property's significant size, long-term lease, and prime location combine to create a compelling investment opportunity with substantial upside potential.

    Property Features for 41 Vista Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    69,106 SF

    Building Details

    Year Built
    2012
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    69,106 SF

    HighLights

    • 69,106 SF single‑tenant retail building on 7.8 acres in Albany County.
    • Former grocery store; currently vacant.
    • Built in 2012.
    • Strong demographics: $198,000 average household income within 1 mile.
    • High ceilings (14' to 25.5').
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    higi Health Consultant Coinstar Money Transfer Service

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Hotel & Motel Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Slingerlands
    County
    Albany
    State
    New York
    Longitude
    -73.862666
    Latitude
    42.641885

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    FAQs

    What type of property is this?
    Retail property - Large Single-Tenant Grocery Box, Lease in Place
    Where is this retail property located?
    The property is located at 41 Vista Blvd Slingerlands, NY.
    What are key features of this property?
    This property features: 69,106 SF single-tenant retail building on 7.8 acres in Albany County.; Former grocery store; currently vacant.; Built in 2012.
    Request Owner's contact information
    41 Vista Blvd Slingerlands, NY 12159
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    41 Vista Blvd Slingerlands, NY 12159
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