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    1208 Ny-146 Clifton Park, NY 12065

    Sponsored
    For Lease
    $6 SF/Yr

    121,000 SF Retail Center, 45,180 SF Vacant

    Lot size:
    121,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This 121,000 square foot, single-story shopping center, built in 1975, sits on a 15.79-acre lot and offers excellent visibility and ample parking with 543 spaces. Currently, there are eight available spaces ranging from 2,592 to 8,750 square feet, with lease rates varying from $6.50 to $16 per square foot. Three additional retail pad sites are available, up to 4,900 square feet each, with build-to-suit or ground lease options; rent will be determined based on landlord improvements. The property is zoned PUD and features a strong tenant mix including Ocean State Job Lot, Pioneer Bank, Goldfish Swim School, and several other established businesses. The property boasts a convenient location on Route 146, with a cross street of Vischer Ferry Road, and benefits from high traffic counts of 14,455 ADT. The minimum divisible space is 2,800 square feet, with a maximum contiguous space of 8,656 square feet. The property's APN is 270-2-55.1. This presents a unique opportunity for retail businesses seeking high visibility and strong demographics in a thriving community.

    Property Features for 1208 Ny-146

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    121,000 SF
    Total Rate
    65541.67

    Building Details

    Year Built
    1975
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 8
    Size
    2,400 SF
    Space
    Available Space 7
    Size
    2,475 SF
    Space
    Available Space 9
    Size
    14,040 SF
    Rate per SF
    $16
    Space
    Available Space 4
    Size
    8,750 SF
    Rate per SF
    $6
    Space
    Available Space 3
    Size
    2,592 SF
    Rate per SF
    $16
    Space
    Available Space 5
    Size
    6,000 SF
    Rate per SF
    $16
    Space
    Available Space 6
    Size
    4,900 SF
    Space
    Available Space 1
    Size
    2,683 SF
    Rate per SF
    $16

    We can help!

    Listing Contact
    Lauren Baxt

    Learn more

    HighLights

    • 121,000 SF shopping center on 15.79 acres.
    • Multiple tenancy with 45,180 SF vacant.
    • Spaces available range from 2,800 SF to 8,656 SF contiguous.
    • 543 parking spaces.
    • Located at 1208 Route 146, Clifton Park, NY, near Vischer Ferry Road.
    • Zoned PUD (Planned Unit Development).
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store 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
    -73.8224241
    Latitude
    42.8687122

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    FAQs

    What type of property is this?
    Lifestyle center - 121,000 SF Retail Center, 45,180 SF Vacant
    Where is this lifestyle center located?
    The property is located at 1208 Ny-146 Clifton Park, NY.
    What is the lease rate?
    The lease rate is $0.00-$16 SF/Yr.
    What are key features of this property?
    This property features: 121,000 SF shopping center on 15.79 acres.; Multiple tenancy with 45,180 SF vacant.; Spaces available range from 2,800 SF to 8,656 SF contiguous.
    Request Owner's contact information
    1208 Ny-146 Clifton Park, NY 12065
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    Clifton Park, NY 12065
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    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
    1208 Ny-146 Clifton Park, NY 12065
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    We can help!
    Listing Contact
    Lauren Baxt
    Real Estate License ID: 10301223309
    Learn more
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