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 Market377
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:
Pyramidbrokerage
Listed By:
Pyramid Brokerage Albany
(518) 489-9199
Source:
Pyramidbrokerage
Added: Sep 25, 2025
Changed: Sep 14
Last Checked: Oct 5 at 3:01PM
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 Pyramidbrokerage
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 / Yr
$42,680
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- Banfield Pet Hospital — 19 Clifton Country Rd, Clifton Park, NY 12065
- Animal Control Office — 5 Municipal Plaza #1, 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.
