Medical Office
9 Old Plank Rd Clifton Park, NY 12065
9 Old Plank Rd, Clifton Park, NY, 12065
Contact for pricing
For Sale
Contact for pricing
Office and medical use building with 48 parking spaces and plenty of natural light.
Property Size7,161 SF
Price / SF$195.50
Days on Market9
Property Features for 9 Old Plank Rd
General Information
- Standard status
- Active
- Size
- 7,161 SF
- Property subtype
- OFFICE
Listing agency
CBRE | Albany
(518) 598-9985
Listed by
Eric Simonds · License #10301208701
(518) 598-9985
Source
Moodyscre
Added: Jul 13 Updated: Jul 21 at 12:33PM Checked: Jul 21 at 12:33PM
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 CBRE | Albany
Investment Insights
Based on property information with market context.
This commercial office building offers a configuration well-suited for office and outpatient medical services, with zoning that also supports personal care uses. The property includes plenty of natural light throughout, creating a bright interior environment for daily operations.
The building is located on Old Plank Rd in Clifton Park and is approximately 10.6 miles from Exit 9 of I-87. It also sits near numerous other commercial users along Route 9, a primary regional throughfare.
With 48 parking spaces on site, the property supports convenient access for staff and visitors.
The building is located on Old Plank Rd in Clifton Park and is approximately 10.6 miles from Exit 9 of I-87. It also sits near numerous other commercial users along Route 9, a primary regional throughfare.
With 48 parking spaces on site, the property supports convenient access for staff and visitors.
Key Highlights
- 48 parking spaces available
- About 0.6 mi from Exit 9 of I‑87
- Zoning allows office, outpatient medical services, and personal care uses
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $180.5k | $25.20 |
| − Vacancy | −$15.3k | −$2.14 |
| EGI | $165.1k | $23.06 |
| − OpEx | −$66.0k | −$9.22 |
| NOI | $99.1k | $13.83 |
7,161 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.42M
$1.24M – $1.65M
NOI $99,071 @ 7.0% cap · market cap 7.08%
Second Best
Office B
$1.38M
$1.21M – $1.61M
NOI $96,867 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$2.14M
$1.88M – $2.50M
NOI $150,037 @ 7.0% cap · market cap 10.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quentin Phung MD
Physician
Gravell Wayne C
Employment Agency
Dr. Charles F. ...
Medical Clinic
New York Pain ...
Physician
Lisa Greenwald
Physician
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FAQs
What type of property is this?
Office building - Office and medical use building with 48 parking spaces and plenty of natural light.
Where is this office building located?
The property is located at 9 Old Plank Rd Clifton Park, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 48 parking spaces available; About 0.6 mi from Exit 9 of I‑87; Zoning allows office, outpatient medical services, and personal care uses
