Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    31 Old Route 146 Clifton Park, NY 12065

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr ($10,632 /Mo)

    Two-story retail/sales/service building with parking and multiple access points.

    Property size:
    10,207 SF
    Lot size:
    10,207 SF

    Property Features for 31 Old Route 146

    General Information

    Standard status
    Active
    Size
    10,207 SF

    We can help!

    Listing Contact
    Tom Savino
    Tom Savino
    Source: Cbre

    Listing Agency: CBRE | Albany Listing Agent: Tom Savino

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Freestanding Two-Story Retail Building

    This freestanding, two-story building offers approximately 10,207 square feet of retail, sales, or service space. The property is currently built out as a sales/service building and includes approximately 25 parking spaces. It features one grade-level door and multiple points of access, including connections to Route 9 and Old Route 146. The location provides good proximity to the Adirondack Northway (I-87) and various retail and commercial establishments. The property is situated on Old Route 146, positioned between Route 9 and Old Route 9, also known as Clifton Park Village Road. The AADT traffic count at Route 9 is 16,096.
    Location Intelligence

    Current Use by Public Records

    MotoStar Motorcycle Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clifton Park
    County
    Saratoga
    State
    New York
    Longitude
    -73.7717738
    Latitude
    42.8661859

    Nearby Similar for Lease

    • $3,375 /Mo
      21,079 SF

      First Floor Office Space Available

      Attractive first-floor office space with ample parking and high visibility.
      1547 Route 9, Clifton Park, NY 12065
      View Details
    • $1.00 SF/Yr
      14,960 SF

      Office Space Near Route 146

      Commercial office space available for rent in Clifton Park, NY.
      634 Plank Rd, Clifton Park, NY 12065
      View Details
    • $1.00 SF/Yr
      5,756 SF

      Clifton Park Office Space Available

      Office suites available near Clifton Country Shopping Mall.
      5 Wall St, Clifton Park, NY 12065
      View Details
    • $1.00 SF/Yr
      30,312 SF

      Clifton Park Professional Office Building

      Professional office building with suites available for rent in Clifton Park.
      1 Barney Rd, Clifton Park, NY 12065
      View Details
    • $2,100 /Mo
      18,308 SF

      Clifton Park Office Suite For Rent

      First floor office suite near I-87, suitable for retail.
      805 Unit Lobby-Right Side, Clifton Park, NY 12065
      View Details
    • $23 SF/Yr
      2,941 SF

      Medical Office Space Available

      Medical office space for lease in Clifton Park, NY.
      646 Plank Rd, Clifton Park, NY 12065
      View Details
    • $23 SF/Yr
      2,941 SF

      Clifton Park Medical Office Space

      Medical office space available for lease in Clifton Park, NY.
      646 Plank Rd, Clifton Park, NY 12065
      View Details
    • $13 SF/Yr
      2,500 SF

      Economical Office Space For Lease

      Office space for lease in Clifton Park, NY.
      635 Plank Rd, Clifton Park, NY 12065
      View Details
    • $1,700 /Mo
      11,470 SF

      First Floor Office Suite

      Three-room office suite with private entrance, full gross lease.
      315 Ushers Rd, Clifton Park, NY 12019
      View Details
    • $1.00 SF/Yr
      5,756 SF

      Office Space Near Shopping Mall

      Office suites available near Clifton Country Shopping Mall.
      5 Wall St, Clifton Park, NY 12065
      View Details
    • $10 SF/Yr

      Clifton Park Retail Space Available

      Retail spaces for lease in 121,000 SF shopping center.
      1208 Route 146, Clifton Park, NY 12065
      View Details
    • $12 SF/Yr

      Clifton Park Retail Space Available

      Retail spaces for lease in 121,000 SF shopping center.
      1208 Route 146, Clifton Park, NY 12065
      View Details

    FAQs

    What type of property is this?
    Retail space - Two-story retail/sales/service building with parking and multiple access points.
    Where is this retail space located?
    The property is located at 31 Old Route 146 Clifton Park, NY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Freestanding, ±10,207 sf, two-story retail/sales/service building; - Multiple means of ingress and egress including access to Route 9 and Old Route 146; - Features ±25 Parking Spaces
    (518) 452-2700
    Request Owner's contact information
    31 Old Route 146 Clifton Park, NY 12065
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    31 Old Route 146
    Clifton Park, NY 12065
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    31 Old Route 146 Clifton Park, NY 12065
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tom Savino
    Tom Savino
    Real Estate License ID: 30SA0815314
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!