Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    103 Sitterly Rd Clifton Park, NY 12065

    • Medical offices
    • 38,110 SF
    • 7.01 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2714807
    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

    • ELLIS ear nose and throat care / Hospital
    • Singh Plastic Surgery / Surgical Center / Plastic Surgeon
    • Blood Draw at the Ellis Medical Center of Clifton Park / Hospital / Medical Laboratory
    • Capital Region Diabetes & Endocrine Care / Medical Center
    • Dr. Piacentine / Cardiologist

    Property Details for 103 Sitterly Rd

    Year built
    2012
    Lot size
    7.01 lot acres
    Property size
    38,110 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    412400 272.-1-40.1
    APU
    4124002721401

    Description

    This exceptional Class A medical office space, totaling 4,700 square feet, is situated within the Ellis Hospital - Medical Center of Clifton Park at 103 Sitterly Rd, Clifton Park, NY 12065. The building, constructed in 2012, boasts a total of 38,110 square feet and sits on a generous 7.01-acre lot. This fully built-out space is located on the second floor and is immediately available. The property is zoned B-4 (Highway Business), offering excellent visibility and accessibility. The building features multiple tenants, creating a vibrant and collaborative medical environment. This prime location in Saratoga County provides easy access to major transportation routes and a strong patient base. The available space presents a unique opportunity for medical practices seeking a modern, well-appointed facility in a thriving community. The space is ready for immediate occupancy, eliminating the need for extensive renovations. Interested parties should inquire about lease terms and conditions. This is a rare opportunity to secure high-quality medical office space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $2,565,000
      Current use
      RETAIL STORES
      $2,490,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Halfmoon
    County
    Saratoga
    State
    New York
    Longitude
    -73.7753
    Latitude
    42.8546
    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
    $455,100
    $4,518,300
    $4,973,400
    -
    $1,166,923
    $11,585,385
    $12,752,308

    Comparable in this City

    • Value Estimation
      $5,540,000
      10,084 SF

      1596 Rte 9th 9

      MEDICAL CLINIC • 10,084 SF
      1596 Rte 9th 9, Halfmoon, NY 12065-4303
      View Details
    • Value Estimation by Request
      4,499 SF

      1694-1696 Rte 9th 9

      MEDICAL CLINIC • 4,499 SF
      1694-1696 Rte 9th 9, Halfmoon, NY 12065
      View Details
    • Value Estimation
      $1,025,000
      22,302 SF

      1 Tallow Wood Dr

      MEDICAL CLINIC • 22,302 SF
      1 Tallow Wood Dr, Clifton Park, NY 12065-2807
      View Details
    • Value Estimation by Request

      1745 Us-9

      Medical offices
      1745 Us-9, Clifton Park, NY 12065
      View Details
    • Value Estimation by Request
      2.25 Acres

      9 Emma Ln

      Medical offices • 11,750 SF
      9 Emma Ln, Latham, NY 12065
      View Details
    • Value Estimation by Request
      6,208 SF

      1789 Us-9

      Medical offices • 6,208 SF
      1789 Us-9, Halfmoon, NY 12065
      View Details

    Similar Nearby for Sale

    • $790,000
      2.25 Acres

      Latham, NY Medical Office Complex

      Prime 2.25-acre medical/office opportunity.
      9 Emma Ln, Latham, NY 12065
      View Details
    • $1,200,000
      3,085 SF

      Medical Office Building For Sale

      Medical office building with vacant space in Clifton Park, NY.
      2 Chelsea Pl, Clifton Park, NY 12065
      View Details
    • $1,200,000
      1.24 Acres

      Halfmoon Office Building For Sale

      8,692 SF professional office building for sale in Halfmoon, NY.
      30 Corporate Dr, Halfmoon, NY 12065
      View Details
    • $1,700,000
      Pending

      Clifton Park Office/Warehouse Building

      Office/warehouse building in excellent condition, moments from Exit 10.
      747 Pierce Rd, Clifton Park, NY 12065
      View Details
    • $1,550,000
      16,356 SF

      Halfmoon Office Building For Sale

      ±16,356 SF Office Building, Ideal Owner/User
      14 Corporate Dr, Halfmoon, NY 12065
      View Details
    • $459,900
      3,280 SF

      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

    • $23 SF/Yr
      2,941 SF

      Clifton Park Medical Office Space

      Medical office space available for lease in Clifton Park, NY.
      646 Plank Rd, Clifton Park, NY 12065
      View Details
    • $23 SF/Yr
      38,110 SF

      Clifton Park Medical Office Space

      Class A medical office, 4,700 SF available.
      103 Sitterly Rd, Clifton Park, NY 12065
      View Details
    • $23 SF/Yr
      44,767 SF

      Medical Suite in Clifton Park

      Medical suite available for lease in Clifton Park, NY.
      646 Plank 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
    • $20 SF/Yr
      25,308 SF

      Premier Medical Office Space Available

      Class A office building in Clifton Park, NY for lease.
      648 Plank Rd, Clifton Park, NY 12065
      View Details
    • $22 SF/Yr
      4,379 SF

      Clifton Park Medical/Office Space

      Move-in ready medical or office space in Clifton Park.
      939 Route 146, Clifton Park, NY 12065
      View Details
    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.
    103 Sitterly Rd
    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
    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

    Google sign-in failed. Please try again or use another login method.