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Property profile

41 Vista Blvd Slingerlands, NY 12159

Grocery and convenience stores
Property ID
US63-4233440
View Sample
69,106 SF 7.8 ac lot Built 2012
Entity Owned 5-yr Hold Free & Clear

Property summary

AI-generated overview

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 profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2012
Total area 69,106 SF
Lot 7.8 ac (339,768 SF)
Zoning code MED
APN 012200 74.00-1-29.13
UPID US63-4233440

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Bank Credit Union

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2021
Last sale
$18.5M
5 recorded transactions
2021
$18.5M
2021
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MED · Slingerlands, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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