Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    15 Park Ave Clifton Park, NY 12065

    Sponsored
    For Lease
    Contact for pricing

    Prime Retail Strip Center, 40,000 SF Available

    Lot size:
    236,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    Shopper's World, located at 15 Park Ave in Clifton Park, NY 12065, offers exceptional retail space for lease. This prime strip center boasts a total of 236,000 square feet, with a significant 40,000 square feet currently vacant and immediately available. The property is conveniently situated in Saratoga County, offering excellent visibility and accessibility for businesses seeking a strong presence in a thriving market. Multiple tenancy options are available, catering to a range of business needs and sizes. Spaces can be leased individually, with a minimum divisible space of 1,549 square feet, or larger contiguous spaces up to a maximum of 40,000 square feet can be combined to accommodate larger retailers or businesses requiring more extensive space. This presents a unique opportunity for businesses seeking a flexible and adaptable retail space in a high-traffic location. The property's strategic location within Clifton Park ensures high visibility and accessibility, making it an ideal choice for businesses looking to establish or expand their presence in this dynamic market. Contact us today to learn more about leasing opportunities at Shopper's World.

    Property Features for 15 Park Ave

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    236,000 SF

    Unit(s) available at that property

    Space
    Pad Site
    Size
    40,000 SF
    Space
    Available Space 7
    Size
    1,916 SF

    We can help!

    Listing Contact
    Gordon Heeps
    Gordon Heeps

    Learn more

    Property Insight Report

    HighLights

    • Strong national and regional tenant mix including Price Chopper, Dollar Tree, and other popular retailers.
    • High‑traffic outparcel locations anchored by Hampton Inn, Walgreens, and other established businesses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marcella's Appliance Center Appliance Store La Fiesta Mexican Restaurant Regal Wine & Liquor ... Wine Store Shalimar Restaurant of Clifton ... Indian Restaurant Harvest Grain Pizza Caterer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -73.7803285
    Latitude
    42.8666225

    Nearby Similar for Lease

    • $199,900
      30,040 SF

      Established Restaurant in Clifton Park

      Thriving restaurant with loyal customer base in busy shopping center.
      1028 Route 146, Clifton Park, NY 12065
      View Details
    • $3,375 /Mo
      21,079 SF

      Clifton Park First Floor Office

      First floor office space with ample parking and high visibility.
      1547 Route 9, 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 Unit Lobby-Right Side, Clifton Park, NY 12065
      View Details
    • New
      $1.00 SF/Yr
      14,960 SF

      Office Space Near Route 146

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

      Clifton Park Office Space Available

      Office suites available near Clifton Country Shopping Mall.
      5 Wall St, Clifton Park, NY 12065
      View Details
    • $1,699 /Mo
      1,043 SF

      Clifton Park Office Space For Rent

      Office spaces in Clifton Park with customizable floor plans.
      56-58 Clifton Country Rd, Clifton Park, NY 12065
      View Details
    • $14 SF/Yr
      121,000 SF

      Clifton Park Retail Space Available

      Retail spaces for lease in 121,000 SF shopping center.
      1208 Route 146, Clifton Park, NY 12065
      View Details
    • $13 SF/Yr
      121,000 SF

      Clifton Park Retail Space Available

      Retail spaces for lease in 121,000 SF shopping center.
      1208 Route 146, Clifton Park, NY 12065
      View Details
    • New
      $1.00 SF/Yr
      30,312 SF

      Clifton Park Professional Office Building

      Professional office building with suites available for rent in Clifton Park.
      1 Barney Rd, Clifton Park, NY 12065
      View Details
    • $12 SF/Yr
      121,000 SF

      Clifton Park Retail Space Available

      Retail spaces for lease in 121,000 SF shopping center.
      1208 Route 146, Clifton Park, NY 12065
      View Details
    • $22 SF/Yr
      38,110 SF

      Medical Office Space Available

      Class A medical office space for lease near I-87.
      103 Sitterly Rd, Clifton Park, NY 12065
      View Details
    • $20 SF/Yr
      25,000 SF

      Premier Medical Office Space Available

      Class A office building in Clifton Park, NY for rent.
      648 Plank Rd, Clifton Park, NY 12065
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Prime Retail Strip Center, 40,000 SF Available
    Where is this neighborhood center located?
    The property is located at 15 Park Ave Clifton Park, NY.
    What are key features of this property?
    This property features: Strong national and regional tenant mix including Price Chopper, Dollar Tree, and other popular retailers.; High-traffic outparcel locations anchored by Hampton Inn, Walgreens, and other established businesses.;
    Request Owner's contact information
    15 Park Ave Clifton Park, NY 12065
    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.
    15 Park Ave
    Clifton Park, NY 12065
    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
    15 Park Ave Clifton Park, NY 12065
    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

    We can help!
    Listing Contact
    Gordon Heeps
    Gordon Heeps
    Real Estate License ID: NY 10491202391
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.