Medical Office Building For
For Sale
$1,200,000
2 Chelsea Place, Clifton Park, NY
Medical office building with vacant space in Clifton Park, NY.
Property Size3,085 SF
Price / SF$388.98
Days on Market331
Property Features for 2 Chelsea Place
General Information
Standard status
Active
Size
3,085 SF
Property subtype
Office
Building Details
Building Size
3,085 SF
Listing Agency:
McColly Real Estate
(518) 489-9199
Listed By:
Pyramid Brokerage Albany · License #RB14041675
(518) 489-9199
Source:
Pyramidbrokerage
Added: Sep 25, 2025
Changed: Aug 8
Last Checked: Aug 21 at 5:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McColly Real Estate
Investment Insights
Based on property information with market context.
This +/- 9,344 square foot medical office building is available for sale. The building is partially occupied by Carnet Medical Group, who are willing to sign a lease after the sale. There is currently +/- 3,085 square feet of vacant space. The property is located within Clifton Park's featured business corridor and is less than 1 mile from 146 Marketplace, a 328-unit mixed-use development project. The location is surrounded by numerous dining and shopping amenities and is minutes from exit 9 of I-87 Northway. The property is situated on +/- 1.56 acres and includes thirty-eight (38) surface parking spots. It is ideal for both medical and office users.
Key Highlights
- Partially occupied by Carnet Medical Group, who may sign a lease after sale, providing immediate income.
- Approximately 3,085 sf of vacant space allows for immediate occupancy or lease opportunities.
- Located in Clifton Park's business corridor, near the 146 Marketplace mixed‑use development.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,680
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$853,600
$853.6K
Cap Rate 7%
$609,714
$609.7K
Cap Rate 9%
$474,222
$474.2K
Market Conditions
NOI Build-Up for 3,085 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$77.7K $25.20/SF
− Vacancy
−$6.6K −$2.14/SF
EGI
$71.1K $23.06/SF
− OpEx
−$28.5K −$9.22/SF
NOI
$42.7K $13.83/SF
Area
Saratoga County, NY
Vacancy
8.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$853,600
Cap Rate 7%
$609,714
Cap Rate 9%
$474,222
Alternative Uses
Best Use
Healthcare Medical
$609.7K
$533.5K – $711.3K
NOI $42,680 @ 7.0% cap · market cap 3.56%
Second Best
Office B
$596.2K
$521.6K – $695.5K
NOI $41,731 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$923.4K
$808.0K – $1.08M
NOI $64,637 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Animal Control Office — 5 Municipal Plaza #1, Clifton Park, NY 12065
- Banfield Pet Hospital — 19 Clifton Country Rd, Clifton Park, NY 12065
- PetVet Wellness Center — 1746 US-9, Clifton Park, NY 12065
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building with vacant space in Clifton Park, NY.
Where is this medical office space located?
The property is located at 2 Chelsea Place Clifton Park, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Partially occupied by Carnet Medical Group, who may sign a lease after sale, providing immediate income.; Approximately 3,085 sf of vacant space allows for immediate occupancy or lease opportunities.; Located in Clifton Park's business corridor, near the 146 Marketplace mixed‑use development.
