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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    41 Vista Blvd Slingerlands, NY 12159

    • Grocery and convenience stores
    • 69,106 SF
    • 7.80 lot acres
    For Lease
    View listing
    Last Sale
    Jan 14, 2021
    $18,495,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4233440
    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.

    Current Use by Public Records

    • higi / Health Consultant
    • Coinstar / Money Transfer Service

    Property Details for 41 Vista Blvd

    Year built
    2012
    Lot size
    7.80 lot acres
    Property size
    69,106 SF
    Zone code
    MED
    Property type
    Grocery and convenience stores
    APN
    012200 74.00-1-29.13
    APU
    12200740012913

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Slingerlands
    County
    Albany
    State
    New York
    Longitude
    -73.8627
    Latitude
    42.6419
    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
    $715,000
    $6,985,000
    $7,700,000
    -
    $953,333
    $9,313,334
    $10,266,667

    Comparable in this City

    • Value Estimation
      $475,000
      72,741 SF

      1355 New Scotland Rd

      GROCERY, SUPERMARKET • 72,741 SF
      1355 New Scotland Rd, Slingerlands, NY 12159-7206
      View Details
    • Value Estimation
      $205,000
      2,863 SF

      12 Vis Blvd

      FINANCIAL BUILDING • 2,863 SF
      12 Vis Blvd, Slingerlands, NY 12159-2184
      View Details
    • Value Estimation
      $160,000
      2,413 SF

      1562 New Scotland Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,413 SF
      1562 New Scotland Rd, Slingerlands, NY 12159-9447
      View Details
    • Value Estimation
      $220,000
      3,456 SF

      1375 New Scotland Rd

      FINANCIAL BUILDING • 3,456 SF
      1375 New Scotland Rd, Slingerlands, NY 12159-7206
      View Details
    • Value Estimation
      $200,000
      2,576 SF

      11 Vis Blvd

      FINANCIAL BUILDING • 2,576 SF
      11 Vis Blvd, Slingerlands, NY 12159-2183
      View Details
    • Value Estimation
      $180,000
      3,600 SF

      1944 New Scotland Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      1944 New Scotland Rd, Slingerlands, NY 12159-3629
      View Details

    Similar Nearby for Sale

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    • $1,199,000

      Land Approved for 45 Condominiums

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    Similar Nearby for Lease

    • $1.00 SF/Yr
      2,576 SF

      Vista Blvd Retail Bank Opportunity

      Prime Retail Bank Space, High Traffic Area
      11 Vista Blvd, Slingerlands, NY 12159
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    • $1.00 SF/Yr
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      Retail Space Available For Rent

      Retail spaces available, including a fully built-out salon.
      1365 New Scotland Rd, Slingerlands, NY 12159
      View Details
    • Contact for pricing
      69,106 SF

      Vista Blvd Retail Opportunity

      Large Single-Tenant Grocery Box, Lease in Place
      41 Vista Blvd, Slingerlands, NY 12159
      View Details
    • $20 SF/Yr
      47,696 SF

      Medical Office Near Hospitals

      Well-maintained medical office building near Albany and St. Peter's Hospitals.
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    • $20 SF/Yr
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      Medical Office Building For Lease

      Well-maintained medical office building near major hospitals and residential communities.
      1220 New Scotland Rd, Slingerlands, NY 12159
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    • $20 SF/Yr
      47,696 SF

      Medical Office Building For Lease

      Well-maintained medical office building near major hospitals and residential communities.
      1220 New Scotland Rd, Slingerlands, NY 12159
      View Details
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    Slingerlands, NY 12159
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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