New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Office buildings
1882 New Scotland Rd, Slingerlands, NY 12159-3627
Individually Owned
15-yr Hold
Free & Clear
Property ID
US63-1137845
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Total area
10,070 SF
Lot
1.17 ac (50,965 SF)
Zoning code
HD-E
APN
013489 84.-2-16.2
UPID
US63-1137845
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
-
Dollard Michael A Employment Agency
-
CapitalCare Family MedEsthetics Spa & Massage Center Alternative Medicine Practice
-
Bluestone Podiatry: Kurt Relation, DPM Physician
-
Sarina Bevilacqua, DO Pediatrician Physician
-
Mary Phelps, FNP-BC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.07M
Owner & transaction history
Town Of New Scotland · 15 yrs held
Town Of New Scotland
since 2011
7 recorded transactions
Zoning & alternative use
HD-E · Slingerlands, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+69.1%
Commercial (general)
$760,000
+17.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$650,000
Current use
AUTO REPAIR, GARAGE
$1,095,000
Change: +69% · Conversion: Difficult
COMMERCIAL (GENERAL)
$760,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10%
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
$106 / 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
$1,360,900
Assessed 2023
Previous assessed
$1,360,900
+0.0% YoY
Assessed land
$271,800
Assessed improvement
$1,089,100
Land market value
$367,306
Improvement market value
$1,471,794
Total market value
$1,839,100
Applied tax rate
13,403.0000
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Heating
NONE
Buildings
1
Stories
1
Total area
10,070 SF
Lot
1.17 ac (50,965 SF)
Zoning code
HD-E
APN
013489 84.-2-16.2
UPID
US63-1137845
Jurisdiction
ALBANY
Zoning & alternative use
HD-E · Slingerlands, NY
Zoning HD-E · permitted uses
HD-E · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$760,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Stories
1
Buildings
1
Lot
1.17 ac
Current owner
From public records · entity-resolved
Town Of New Scotland
Individual
Free & Clear · 15 yrs held
Mailing address
796 BURDECK ST, SCHENECTADY, NY 12306-1202
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2011
—
Town Of New Scotland
Stone Creek Estates Of New Scotla
Warranty Deed
related
—
Mar 16, 2010
—
Stone Crk Ests Of New Scotland
Baron,robert J
Grant Deed
related
—
Mar 10, 2010
—
Stone Crk Ests Of New Scotland
Carrow,charles M
Grant Deed
related
—
Mar 1, 2010
$1,700,000
Nscotland LLC
New Scotland Opc LLC
Grant Deed
—
—
—
Stone Creek Estates Of New Scotla
—
Deed Of Trust
related
$1,357,860 · Nbt Bank NA
—
—
Nscotland LLC
—
Deed Of Trust
related
$464,747 · Nbt Bank NA
—
—
Nscotland LLC
—
Deed Of Trust
related
$1,657,500 · Nbt Bank NA
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?”
You own 1882 New Scotland Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
