Medical Office
For Sale
Contact for pricing
9 Old Plank Rd, Clifton Park, NY 12065
Office and medical use building with 48 parking spaces and plenty of natural light.
Property Size7,161 SF
Price / SF$195.50
Days on Market101
Property Features for 9 Old Plank Rd
General Information
Standard status
Active
Size
7,161 SF
Total Parking Spaces
48
Property subtype
OFFICE
Listing Agency:
CBRE | Albany
(518) 452-2700
Listed By:
Eric Simonds · License #10301208701
(518) 598-9985
Source:
Moodyscre
Added: Jul 13
Changed: Jul 21
Last Checked: Oct 20 at 9:55PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,867
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,937,340
$1.9M
Cap Rate 7%
$1,383,814
$1.4M
Cap Rate 9%
$1,076,300
$1.1M
Market Conditions
NOI Build-Up for 7,161 SF
Gross rent
$154.7K $21.60/SF
− Vacancy
−$25.5K −$3.56/SF
EGI
$129.2K $18.04/SF
− OpEx
−$32.3K −$4.51/SF
NOI
$96.9K $13.53/SF
Area
Saratoga County, NY
Vacancy
16.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,937,340
Cap Rate 7%
$1,383,814
Cap Rate 9%
$1,076,300
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,867 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,391
Businesses Nearby
Explore this area
Business Placement
Demographics for 12065, NY
43,893
Population
19,506
Households
2.3
Avg Household Size
42
Median Age
53%
College-Educated
95%
High-School Grad
35.1 sq mi
ZIP Area
1,251
Density / Sq Mi
$115,681
Median Household Income
$61,692
Median Earnings
$1,419
Median Rent
$356,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
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
