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    Property profile & analytics

    10 Corporate Dr Halfmoon, NY 12065-8603

    • Office buildings
    • 12,000 SF
    • 1.11 lot acres
    OFF-MARKET
    Value Estimations
    $355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1521337
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • G&G Industrial Lighting / Lighting Store / Manufacturer

    Property Details for 10 Corporate Dr

    Year built
    2002
    Lot size
    1.11 lot acres
    Property size
    12,000 SF
    Zone code
    07 - MIXED
    Property type
    Office buildings
    APN
    413800 278.-1-22.173
    APU
    413800278122173

    Description

    This exceptional 12,000-square-foot flex building at 10 Corporate Drive in Clifton Park, NY, presents a unique opportunity for businesses seeking modern, efficient space. Situated on 1.11 acres of land, this single-tenant property boasts a convenient location just off Route 9 in Halfmoon, offering easy access to major transportation routes. Built in 2002, the building features a single story with a generous 16-foot ceiling height, providing ample room for various operational needs. The property includes two loading docks and one drive-in door, along with one dock-high door, ensuring seamless loading and unloading of goods. With 35 total parking spaces available, employee and visitor parking is well accommodated. The building is fully climate-controlled for year-round comfort. The electrical service is robust, featuring 3-phase, 400-amp power. The property is zoned for industrial use and is ready for immediate occupancy. This well-maintained building offers a blend of office and warehouse space, making it ideal for a variety of businesses. The property is available for lease starting January 1, 2025. Its strategic location and modern amenities make this an exceptional opportunity for businesses seeking a high-quality industrial space in a thriving area. The property's zoning designation is Industrial.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $527,000
      Market price range: $279k - $1.05M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Halfmoon
    County
    Saratoga
    State
    New York
    Longitude
    -73.7567
    Latitude
    42.8455
    CBSA code
    10580
    CBSA name
    ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $58,300
    $716,700
    $775,000
    -
    $137,176
    $1,686,353
    $1,823,529

    Comparable in this City

    • Value Estimation
      $455,000
      24,940 SF

      800 Rte 146

      OFFICE BUILDING • 24,940 SF
      800 Rte 146, Clifton Park, NY 12065-3903
      View Details
    • Value Estimation
      $195,000
      16,988 SF

      1 Town Hall Plz

      OFFICE BUILDING • 16,988 SF
      1 Town Hall Plz, Clifton Park, NY 12065-3610
      View Details
    • Value Estimation
      $305,000
      13,462 SF

      1764 Rte 9us

      OFFICE BUILDING • 13,462 SF
      1764 Rte 9us, Halfmoon, NY 12065-9300
      View Details
    • Value Estimation
      $795,000
      50,388 SF

      21 Corporate Dr

      OFFICE BUILDING • 50,388 SF
      21 Corporate Dr, Halfmoon, NY 12065-8642
      View Details
    • Value Estimation
      $275,000
      4,950 SF

      7 Executive Park Dr

      OFFICE BUILDING • 4,950 SF
      7 Executive Park Dr, Halfmoon, NY 12065-6654
      View Details
    • Value Estimation
      $575,000
      40,616 SF

      3 Corporate Dr

      OFFICE BUILDING • 40,616 SF
      3 Corporate Dr, Halfmoon, NY 12065-8635
      View Details

    Similar Nearby for Sale

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      1.24 Acres

      Halfmoon Office Building For Sale

      8,692 SF professional office building for sale in Halfmoon, NY.
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      View Details
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      Office Building For Sale

      Office building with great potential for an owner-user.
      14 Corporate Dr, Halfmoon, NY 12065
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    • $1,200,000
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      Medical Office Building For Sale

      Medical office building with vacant space in Clifton Park, NY.
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    • $1,150,000
      1,500 SF

      Medical Building in Clifton Park

      7356 SF medical building in the heart of Clifton Park.
      531 Moe Rd, Clifton Park, NY 12065
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    • $1,700,000
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      Clifton Park Office/Warehouse Building

      Office/warehouse building in excellent condition, moments from Exit 10.
      747 Pierce Rd, Clifton Park, NY 12065
      View Details
    • $459,900
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      Clifton Park Mixed-Use Property

      Live & Work Opportunity: 3,280 sq ft
      1612 Crescent Rd, Clifton Park, NY 12065
      View Details

    Similar Nearby for Lease

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      Premier Medical Office Space Available

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    • $20 SF/Yr
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    • $1.00 SF/Yr
      25,362 SF

      Halfmoon Office Space For Rent

      First floor office space with natural light and ample parking.
      28 Corporate Dr, Halfmoon, 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.
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      View Details
    • $23 SF/Yr
      58,422 SF

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      Premier Class A office space for rent in Halfmoon, NY.
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      View Details
    • $1.00 SF/Yr
      60,160 SF

      Clifton Park Mixed-Use Retail/Office

      Retail or office space available in Clifton Park, NY.
      17 Clifton Country Rd, Clifton Park, NY 12065
      View Details
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    10 Corporate Dr
    Halfmoon, NY 12065-8603
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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
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