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Property profile & analytics
FOR LEASE
Super regional malls
22 Clifton Country Rd, Clifton Park, NY 12065
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-4321818
For Lease
1 / 4
Contact for pricing
22 Clifton Country Rd, Clifton Park, NY 12065
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Property summary
AI-generated overview
This exceptional Clifton Park, NY power center offers prime retail space, boasting a total of 336,337 square feet across two stories on a 50-acre lot (774,497 sq ft). Built in 1984 and renovated in 2006, the property features ample parking with 1000 spaces, ensuring convenient access for customers. The center benefits from a strong regional draw, anchored by national and regional tenants including Marshall's, HomeGoods, Boscov's, and Regal Cinemas, creating a vibrant and successful retail environment. Two spaces are currently available, ranging from 6,300 to 24,000 square feet, providing flexibility for various retail concepts. Its strategic location in Clifton Park's town core offers excellent visibility and accessibility, situated off I-87 (96,100 AADT) Exit 9 and NYS Route 146 (40,500 AADT). The property is zoned 05-Commercial within Saratoga County, and the surrounding area includes a mix of discounters, grocers, and other national, regional, and local businesses. This presents a unique opportunity to establish a presence in a thriving retail hub.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1976
Total area
109,323 SF
Lot
45.52 ac (1,982,851 SF)
Zoning code
05 - COMMERCIAL
APN
412400 272.-1-55
UPID
US63-4321818
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Chipotle Mexican Grill Restaurant
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GameStop Electronics & Wireless Store
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Marshalls & HomeGoods Clothing Store Children'S Clothing Store
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Unisex Hair Design Hair Salon Nail Salon
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O MUSE music arts academy-YAMAHA MUSIC SCHOOL Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cpc Development I LLC · 3 yrs held
Cpc Development I LLC
since 2023
Last sale
$55.0M
2 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Clifton Park, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Clifton Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clifton Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
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T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$9,006,192
Assessed 2023
Previous assessed
$8,825,192
+2.1% YoY
Assessed land
$2,503,600
Assessed improvement
$6,502,592
Land market value
$6,419,487
Improvement market value
$16,673,313
Total market value
$23,092,800
Applied tax rate
412,402.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1976
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
109,323 SF
Lot
45.52 ac (1,982,851 SF)
Zoning code
05 - COMMERCIAL
APN
412400 272.-1-55
UPID
US63-4321818
Jurisdiction
SARATOGA
Zoning & alternative use
05 - COMMERCIAL · Clifton Park, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · Clifton Park, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clifton Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
45.52 ac
Current owner
From public records · entity-resolved
Cpc Development I LLC
Entity
Mailing address
425 CENTRAL AVE, ALBANY, NY 12206-2211
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2023
$55,000,000
Cpc Development I LLC
Ccm Assoc Clifton Pk LLC
Deed
$10,379,684 · Rhinebeck Savings Bank
—
—
Ccm Associates Of Clifton Park Ll
—
Deed Of Trust
related
$19,338,524 · Td Bk NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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