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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    617 Plank Rd Clifton Park, NY 12065-2020

    • Motels
    • 50,636 SF
    • 1.87 lot acres
    OFF-MARKET
    Last Sale
    Jan 05, 2022
    $3,525,000
    Value Estimations
    $5,050,000
    Show details
    Cap Rate Potential
    6.8%
    Motels
    Location Intelligence
    Property ID
    US63-3831698
    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

    • Best Western Clifton Park / Hotel
    • C.A.T.S. Home Inspection School - Albany / Home Inspector / Training Centre

    Property Details for 617 Plank Rd

    Year built
    1985
    Lot size
    1.87 lot acres
    Property size
    50,636 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Motels
    APN
    412400 272.-1-5.2
    APU
    412400272152

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,500,000
      ML approach
      $4,480,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,110,000
      6.5%
      $4,720,000
      7%
      $4,380,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,374,000
      Market price range: $7.37M - $14.9M

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

    Location Insight

    • Map
    • Local Demand
    City
    Clifton Park
    County
    Saratoga
    State
    New York
    Longitude
    -73.7769
    Latitude
    42.8634
    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
    $374,000
    $1,794,100
    $2,168,100
    -
    $958,974
    $4,600,257
    $5,559,231

    Comparable in this City

    • Value Estimation
      $420,000
      24,932 SF

      41 Old Rte 146

      MOTEL • 24,932 SF
      41 Old Rte 146, Halfmoon, NY 12065-3113
      View Details
    • Value Estimation
      $805,000
      87,016 SF

      30 Clifton Country Rd

      HOTEL • 87,016 SF
      30 Clifton Country Rd, Clifton Park, NY 12065-3810
      View Details
    • Value Estimation
      $870,000
      73,000 SF

      627 Plank Rd

      HOTEL • 73,000 SF
      627 Plank Rd, Clifton Park, NY 12065-2020
      View Details
    • Value Estimation
      $445,000
      45,172 SF

      18 Clifton Park Vlg Rd

      HOTEL • 45,172 SF
      18 Clifton Park Vlg Rd, Clifton Park, NY 12065-2810
      View Details
    • Value Estimation
      $6,550,000
      59,192 SF

      7 Northside Dr, Unit PVT

      HOTEL • 59,192 SF
      7 Northside Dr, Clifton Park, NY 12065-3117
      View Details
    • Value Estimation
      $625,000
      43,272 SF

      620 Plank Rd

      HOTEL • 43,272 SF
      620 Plank Rd, Clifton Park, NY 12065-2019
      View Details

    Similar Nearby for Sale

    • $750,000

      Clifton Park Commercial Land

      Prime Clifton Park location, high-density zoning.
      607 Old Route 146, Clifton Park, 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
    • Contact for pricing
      150,000 SF

      Versatile Commercial/Industrial Park For Sale

      Commercial/Industrial park near I-87, offering flexible spaces and build options.
      587 Waite Rd, Clifton Park, NY 12065
      View Details
    • $500,000

      Approved Retail/Office Building with Drive-Thru

      Approved 2,600 SF retail/office building with drive-thru lanes.
      1572 Route 9, Halfmoon, NY 12065
      View Details
    • $3,000,000
      3,794 SF

      Halfmoon Commercial Building with Business

      Profitable gentleman's club with loyal clientele, business included.
      1915 Us-9, Halfmoon, NY 12065
      View Details
    • $165,000
      0.46 Acres

      Halfmoon, NY Approved Land

      Approved 0.46-acre corner lot in Halfmoon, NY.
      80 Mcbride Rd, Halfmoon, NY 12065
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      98,956 SF

      Office Spaces in Shopping Center

      Two office spaces available in a busy shopping center.
      7 Southside Dr, Clifton Park, NY 12065
      View Details
    • $16 SF/Yr
      183,632 SF

      Shopping Center with Retail Opportunities

      180,000 SF shopping center anchored by Hannaford and PetSmart.
      19 Clifton Country Rd, Clifton Park, NY 12065
      View Details
    • Contact for pricing
      9,304 SF

      Retail Space in Clifton Park

      9,304 SF retail space available in Clifton Park, NY.
      54 Crossing Blvd, Clifton Park, NY 12065
      View Details
    • $12 SF/Yr

      Office Space with Suites

      Office space featuring multiple suites, reception, and flexible layout.
      14 Corporate Dr, Halfmoon, NY 12065
      View Details
    • Contact for pricing
      4,000 SF

      Executive Woods Office Space

      Office space available for rent in Clifton Park, NY.
      855 Route 146, 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
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    617 Plank Rd
    Clifton Park, NY 12065-2020
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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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