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    646 Plank Rd Clifton Park, NY 12065
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    Property profile & analytics

    646 Plank Rd Clifton Park, NY 12065

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    • Office buildings
    • 44,767 SF
    • 4.10 lot acres
    For Lease
    $23 SF/Yr
    View Listing →
    Medical Office Space Available For Lease
    $23 SF/Yr
    2,941 SF

    Medical Office Space Available

    Medical office space for lease in Clifton Park, NY.

    646 Plank Road, Clifton Park, NY 12065
    View Listing
    Property ID
    US63-0434528
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Johnson & Laws, LLC / Law Firm
    • Belluck & Fox, LLP / Law Firm
    • CLIFTON PARK / Corporate Office
    • 518 Defense / Law Firm
    • Cohen Jeffrey M / Mediation Service

    Property Details for 646 Plank Rd

    Year built
    1999
    Lot size
    4.10 lot acres
    Property size
    44,767 SF
    Zone code
    02 - SINGLE RESIDENCE
    Property type
    Office buildings
    APN
    412400 271.-3-18.111
    APU
    412400271318111

    Description

    This exceptional two-story office building, located at 646 Plank Rd in Clifton Park, NY, 12065, offers 45,000 square feet of prime office space. The building features five total suites, with four currently available for lease, ranging from approximately 1,169 to 5,089 contiguous square feet. Ideal for small to mid-sized businesses, each suite benefits from a 10-foot ceiling height. The property is zoned PUD (Planned Unit Development) and boasts a recently updated interior. Adding to the appeal is a newly constructed covered pavilion and picnic area, providing a pleasant outdoor space for tenants and their guests. The building's convenient location in Saratoga County, New York, offers easy access to major transportation routes and amenities. The property's APN is 271.-3-18.111. Currently, 7,218 square feet of space is vacant, presenting a significant opportunity for businesses seeking flexible and modern office accommodations. This is a single-building property with multiple tenancy options. Inquire today to learn more about leasing opportunities and secure your ideal workspace in this thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,961,000
      Market price range: $4.46M - $14.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    Clifton Park
    County
    Saratoga
    State
    New York
    Longitude
    -73.7781
    Latitude
    42.8679
    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
    $410,000
    $1,537,400
    $1,947,400
    -
    $1,051,282
    $3,942,051
    $4,993,333

    Comparable in this City

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      9,604 SF

      1 Halfmoon Town Plz

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      View Details
    • Value Estimation
      $1,960,000
      13,220 SF

      2 Progress Dr

      OFFICE BUILDING • 13,220 SF
      2 Progress Dr, Halfmoon, NY 12065-8900
      View Details
    • Value Estimation
      $800,000
      4,800 SF

      950952 Rt 146

      OFFICE BUILDING • 4,800 SF
      950952 Rt 146, Clifton Park, NY 12065
      View Details
    • Value Estimation
      $1,480,000
      11,032 SF

      1770 Rte 9th 9

      PROFESSIONAL BUILDING • 11,032 SF
      1770 Rte 9th 9, Halfmoon, NY 12065-2495
      View Details
    • Value Estimation
      $1,830,000
      12,180 SF

      54 5658th Clifton Country Rd

      OFFICE BUILDING • 12,180 SF
      54 5658th Clifton Country Rd, Clifton Park, NY 12065-3841
      View Details
    • Value Estimation
      $1,275,000
      9,870 SF

      26 Corporate Dr

      OFFICE BUILDING • 9,870 SF
      26 Corporate Dr, Halfmoon, NY 12065-8603
      View Details

    Similar Nearby for Sale

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      16,356 SF

      Halfmoon Office Building For Sale

      16,356 SF office building in Halfmoon, New York.
      14 Corporate Dr, Halfmoon, NY 12065
      View Details
    • $1,350,000
      2.75 Acres

      High-Visibility Redevelopment Site in Clifton

      Redevelopment opportunity in a strong commercial environment.
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      View Details
    • Contact for pricing
      12,000 SF

      Buildable Commercial Land Opportunity

      1.21 acres available for customizable build-to-suit development.
      1739 Us-9, Clifton Park, NY 12065
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    • $1,500,000

      Halfmoon Industrial Redevelopment Opportunity

      9.17-acre site with redevelopment potential in high-demand industrial corridor.
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    • $790,000
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      Commercial Land For Sale

      Commercial land available for sale.
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      High-Bay Distribution Warehouse For Sale

      Conveniently located distribution warehouse with highway visibility and flexible access.
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    Similar Nearby for Lease

    • $1.00 SF/Yr
      30,312 SF

      Clifton Park Professional Office Building

      Professional office building with suites available for rent in Clifton Park.
      1 Barney Rd, Clifton Park, NY 12065
      View Details
    • $12 SF/Yr
      15,060 SF

      Halfmoon Office Suites For Lease

      Multiple office suites available for lease in Halfmoon, New York.
      14 Corporate Dr, Halfmoon, NY 12065
      View Details
    • $1.00 SF/Yr
      5,756 SF

      Clifton Park Office Space Available

      Office suites available near Clifton Country Shopping Mall.
      5 Wall St, Clifton Park, NY 12065
      View Details
    • Contact for pricing
      5,130 SF

      Executive Woods Office Space

      Office space available for rent in Clifton Park, NY.
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      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
    • $13 SF/Yr
      2,500 SF

      Economical Office Space For Lease

      Office space for lease in Clifton Park, NY.
      635 Plank Rd, Clifton Park, NY 12065
      View Details
    View Listing
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    Clifton Park, NY 12065
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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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