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

    629 Plank Rd Clifton Park, NY 12065-2050

    • Strip malls
    • 28,522 SF
    • 3.02 lot acres
    OFF-MARKET
    Value Estimations
    $455,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5395372
    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

    • New York Stylez,llc / Beauty Salon
    • Novel Nail Spa Inc / Beauty Salon / Nail Salon
    • Rondack Building Inspections / Home Inspector
    • BioFit Personal Training / Personal Trainer
    • A Gary's Treasures Women Minority Business / Embroidery Shop

    Property Details for 629 Plank Rd

    Year built
    1987
    Lot size
    3.02 lot acres
    Property size
    28,522 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    412400 272.-1-50
    APU
    412400272150

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $489,000
      Market price range: $153k - $718k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $420,000
      Current use

    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
    42.8654
    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
    $453,000
    $1,201,300
    $1,654,300
    -
    $1,161,538
    $3,080,257
    $4,241,795

    Comparable in this City

    • Value Estimation
      $305,000
      6,930 SF

      15 Rte 236

      SHOPPING CENTER, STRIP CENTER • 6,930 SF
      15 Rte 236, Halfmoon, NY 12065-6585
      View Details
    • Value Estimation
      $800,000
      59,878 SF

      15361544 Cres Rd

      SHOPPING CENTER, STRIP CENTER • 59,878 SF
      15361544 Cres Rd, Clifton Park, NY 12065
      View Details
    • Value Estimation
      $575,000
      31,434 SF

      1471-1473 Rte 9th 9

      SHOPPING CENTER, STRIP CENTER • 31,434 SF
      1471-1473 Rte 9th 9, Halfmoon, NY 12065
      View Details
    • Value Estimation
      $380,000
      12,131 SF

      1525 Rte 9th 9

      SHOPPING CENTER, STRIP CENTER • 12,131 SF
      1525 Rte 9th 9, Halfmoon, NY 12065-5650
      View Details
    • Value Estimation
      $690,000
      156,601 SF

      15 Park Ave

      SHOPPING CENTER, STRIP CENTER • 156,601 SF
      15 Park Ave, Clifton Park, NY 12065-2927
      View Details
    • Value Estimation
      $390,000
      30,040 SF

      1028 Rte 146

      SHOPPING CENTER, STRIP CENTER • 30,040 SF
      1028 Rte 146, Clifton Park, NY 12065-3679
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • $89,900
      159,865 SF

      Clifton Park Commercial Land Opportunity

      Prime Retail Land, 159,865 SF, NY
      0 L69.1 Plank Rd, Clifton Park, NY 12065
      View Details
    • $2,250,000
      2,930 SF

      Established Auto Repair Business For Sale

      Thriving auto repair and towing business near I-87 for sale.
      280 Ushers Rd, Clifton Park, NY 12065
      View Details
    • $2,137,500
      4.50 Acres

      Prime 4.5-Acre Commercial Land in Halfmoon, NY

      Route 9 Frontage, High-Traffic Location, Ready to Develop
      1804 Route 9, Halfmoon, NY 12065
      View Details
    • $750,000
      0.46 Acres

      Clifton Park Vacant Corner Lot

      0.46 acre commercial lot in Clifton Park Town Center.
      607 Old Rt 146, Clifton Park, NY 12065
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,312 SF

      Saratoga Retail Space Available

      Prime Retail Space, Clifton Park
      19 Clifton Country Rd, Saratoga, NY 12065
      View Details
    • $6 SF/Yr
      121,000 SF

      Route 146 Shopping Center

      121,000 SF Retail Center, 45,180 SF Vacant
      1208 Ny-146, 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
    • Contact for pricing
      236,000 SF

      Clifton Park Retail Space Available

      Prime Retail Strip Center, 40,000 SF Available
      15 Park Ave, Clifton Park, NY 12065
      View Details
    • $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
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    629 Plank Rd
    Clifton Park, NY 12065-2050
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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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