14 Vis Blvd Slingerlands, NY 12159-2184
Property profile & analytics
14 Vis Blvd Slingerlands, NY 12159-2184
- Office buildings
- 6,025 SF
- 1.92 lot acres
Property ID
US63-5171587
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Office of Dr. Lev Barats / Physician
- Sharon Aragona, PA-C / Physician
- Jude Koblenzer, NP / Physician
- Tara Fay, FNP-BC / Physician
- Terry Kallner, FNP-C / Physician
Property Details for 14 Vis Blvd
- Year built
- 2012
- Lot size
- 1.92 lot acres
- Property size
- 6,025 SF
- Zone code
- MED
- Property type
- Office buildings
- APN
- 012200 74.00-1-29.23
- APU
- 12200740012923
Description
This exceptional investment opportunity presents a single-tenant, 6,000 square foot medical office building located in Slingerlands, NY (Albany MSA), on a 1.92-acre lot. The property, built in 2007, is a one-story building boasting 100% occupancy with a strong corporate tenant, Community Care Physicians (CCP), the largest independent multi-specialty medical group in the Capital Region. The modified gross lease, featuring a 1% annual rent bump, has a remaining term of 3.6 years with a 5-year option. The current annual net operating income (NOI) is $131,978, resulting in a 7.85% capitalization rate. The asking price is $1,680,000. The lease commenced February 18, 2013, and expires March 31, 2028. The property enjoys a superior location on Vista Blvd (11,000 vehicles per day), near various retail, restaurants, and other medical practices. The surrounding area demonstrates exceptional demographics, with a 5-mile radius population exceeding 130,000 and an average household income over $197,000 within a 1-mile radius. This presents a compelling investment in a high-demand medical market with significant growth potential. The tenant's financial strength is further secured by a corporate guarantee. The property benefits from the challenging regulatory environment for new medical facilities in New York State.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Slingerlands
- County
- Albany
- State
- New York
- Longitude
- -73.8614
- Latitude
- 42.6398
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$267,000
$1,083,000
$1,350,000
-
$356,000
$1,444,000
$1,800,000
