New search
Property profile & analytics
FOR LEASE
Medical Office Space
1240 New Scotland Rd, Slingerlands, NY 12159
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-1272372
For Lease
$20 SF/Yr
1240 New Scotland Rd, Slingerlands, NY 12159
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
2000
Total area
43,196 SF
Lot
12.4 ac (540,144 SF)
Zoning code
CH
APN
012200 74.00-2-2.1
UPID
US63-1272372
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alpert James MD Physician
-
Dr. Carol A. Ipsen, MD Physician
-
St Peters Medical Arts: Krishnappa Anuradha MD Physician
-
St Peters Medical Arts: Michalek Ann MD Physician
-
St Peters Medical Arts: Boka Suzanna MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.79M
CAP Approach
CAP
$7.33M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.64M
Owner & transaction history
Kagr2 Slingerlands 1240 LLC · 4 yrs held
Kagr2 Slingerlands 1240 LLC
since 2022
Last sale
$7.6M
4 recorded transactions
Zoning & alternative use
CH · Slingerlands, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Slingerlands submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Slingerlands submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,855,000
ML approach
$5,785,000
CAP Approach
CAP Return
Estimation
6%
$7,940,000
6.5%
$7,330,000
7%
$6,805,000
Blend value · Realmo final
$6.64M
Range $5.97M – $7.30M · ±10% · vs last sale $7.60M (Feb 8 2022)
Last sale anchor
$7.60M
Feb 8 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$154 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$10,200,000
Assessed 2023
Previous assessed
$10,200,000
+0.0% YoY
Assessed land
$1,095,000
Assessed improvement
$9,105,000
Land market value
$1,460,000
Improvement market value
$12,140,000
Total market value
$13,600,000
Applied tax rate
12,206.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Status
For Lease
Year built
2000
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
43,196 SF
Lot
12.4 ac (540,144 SF)
Zoning code
CH
APN
012200 74.00-2-2.1
UPID
US63-1272372
Jurisdiction
ALBANY
Zoning & alternative use
CH · Slingerlands, NY
Zoning CH · permitted uses
CH · Slingerlands, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Slingerlands. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
12.4 ac
Current owner
From public records · entity-resolved
Kagr2 Slingerlands 1240 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
800 W MADISON ST, CHICAGO, IL 60607-2481
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2022
$7,600,000
Kagr2 Slingerlands 1240 LLC
Slingerlands 1240 Medical Propertie
Bargain And Sale Deed
—
Feb 19, 2019
—
Slingerlands 1240 Medical Propertie
Arhc Scbthny01 LLC
Bargain And Sale Deed
—
Jun 25, 2014
$10,600,000
Arhc Scbthny01 LLC
Slingerlands I Lasalle Medical
Grant Deed
—
Jun 25, 2014
—
Slingerlands I Lasalle Medical
Town Of Bethlehem Indl Dev Agcy
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
