Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Class A Medical Office Space Title is generated by Realmo AI

    103 Sitterly Rd, Clifton Park, NY 12065

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    4,700 SF fully built-out medical office space for lease.

    Type:Office
    Property size:
    4,700 SF
    Added:
    Aug 25, 2022
    Days on Market:
    1366
    Last Refresh:
    May 12 at 9:44 pm

    Property Features for 103 Sitterly Rd

    General Information

    Standard status
    Active
    Size
    4,700 SF
    Property subtype
    Office

    Building Details

    Year Built
    2012

    Spaces For Lease

    at 103 Sitterly Rd Contact us

    Space Available $23/Mo

    Size
    4,700 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Peter VanBortel

    Listing agent Peter VanBortel License #NY 10301204641

    Listing office Ikon Realty Group LLC

    Listing date Aug 25, 2022

    Source Crexi

    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 Ikon Realty Group LLC

    HighLights

    • Class A medical office space, ready for your practice.
    • Offering 4,700 SF of fully built‑out space.
    • Located on the second floor.
    • Previously occupied by Orthony.
    • Built in 2012.

    Overview

    This is a Class A medical office space available for rent. The space is located on the second floor and offers approximately 4,700 square feet of fully built-out area. The space was formerly occupied by an Orthony practice.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ELLIS ear nose ... Hospital Singh Plastic Surgery Physician Blood Draw at the Ellis ... Hospital Capital Region Diabetes ... Medical Clinic Dr. Piacentine Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Animal Control Office — 5 Municipal Plaza #1, Clifton Park, NY 12065
    • Banfield Pet Hospital — 19 Clifton Country Rd, Clifton Park, NY 12065
    • Petco Vaccination Clinic — 6 Halfmoon Crossing, Clifton Park, NY 12065

    Location Insight

    • Map
    • Local Demand
    City
    Clifton Park
    County
    Saratoga
    State
    New York
    Longitude
    -73.7765412
    Latitude
    42.8548392

    Nearby Similar for Lease

    • $19 SF/Yr

      Refreshed Office Space Near I-87

      7,470 RSF suite available for rent near I-87.
      313 Ushers Road, Clifton Park, NY 12019
      View Details
    • $12 SF/Yr
      18,800 SF

      Office Space with Renovation Potential

      2,400 SF office space with renovation options near I-87.
      747 Pierce Road, Clifton Park, NY 12065
      View Details
    • $2,100/Mo
      18,308 SF

      Clifton Park Office Suite For Rent

      First floor office suite near I-87, suitable for retail.
      805 Route 146, Clifton Park, NY 12065
      View Details
    • $1.00 SF/Yr
      14,960 SF

      Office Space Near Route 146

      Commercial office space available for rent in Clifton Park, NY.
      634 Plank Road, Clifton Park, NY 12065
      View Details
    • $1.00 SF/Yr
      5,756 SF

      Clifton Park Office Space Available

      Office suites available near Clifton Country Shopping Mall.
      5 Wall Street, Clifton Park, NY 12065
      View Details
    • $23 SF/Yr
      2,941 SF

      Medical Office Space Available

      Medical office space for lease in Clifton Park, NY.
      646 Plank Road, Clifton Park, NY, 12065
      View Details
    • $12 SF/Yr
      10,207 SF

      Freestanding Two-Story Retail Building

      Two-story retail/sales/service building with parking and multiple access points.
      31 Old Route 146, Clifton Park, NY, 12065
      View Details
    • $13 SF/Yr
      2,500 SF

      Economical Office Space For Lease

      Office space for lease in Clifton Park, NY.
      635 Plank Road, Clifton Park, NY, 12065
      View Details
    • $1,700/Mo
      11,470 SF

      First Floor Office Suite

      Three-room office suite with private entrance, full gross lease.
      315 Ushers Road #110, Clifton Park, NY 12019
      View Details
    • $1.00 SF/Yr
      5,756 SF

      Office Space Near Shopping Mall

      Office suites available near Clifton Country Shopping Mall.
      5 Wall Street, Clifton Park, NY 12065
      View Details
    • $8 SF/Yr
      40,000 SF

      Modern Warehouse with Loading Docks

      40,000+ SF warehouse with multiple loading docks for sublease.
      15 Synergy Park Drive, Clifton Park, NY
      View Details
    • $1.00 SF/Yr
      14,960 SF

      Office Space Near Route 146

      Office suite with flexible layout near shopping and amenities.
      634 Plank Road, Clifton Park, NY 12065
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 4,700 SF fully built-out medical office space for lease.
    Where is this medical office space located?
    The property is located at 103 Sitterly Rd Clifton Park, NY.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: Class A medical office space, ready for your practice.; Offering 4,700 SF of fully built‑out space.; Located on the second floor.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Peter VanBortel
    Real Estate License ID: NY 10301204641
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    103 Sitterly Rd, Clifton Park, NY 12065
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!