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Property profile & analytics
FOR LEASE
Office buildings
648 Plank Rd, Clifton Park, NY 12065
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-1533844
For Lease
$20 SF/Yr
648 Plank Rd, Clifton Park, NY 12065
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1999
Total area
25,308 SF
Lot
3.62 ac (157,687 SF)
Zoning code
05 - COMMERCIAL
APN
412400 271.-3-79
UPID
US63-1533844
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
-
Kelly Coccetti Physician
-
Jomarie O'connor Ethier Physician
-
St Peters - Samaritan - Seton Health Physical Rehabilitation Physician
-
Gretchen Milanese Physician
-
Talin Mcbride Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.49M
CAP Approach
CAP
$5.62M
Comparable Approach
Comparable
$6.56M
Blend (final)
Blend
$6.06M
Owner & transaction history
Kagr 2 Clifton Park LLC · 4 yrs held
Kagr 2 Clifton Park LLC
since 2022
Last sale
$5.8M
4 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Clifton Park, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.8M
+22.5%
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)
Refine in 60 seconds, get exact suggested price
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
Method
Estimation
Statistic approach
$7,400,000
ML approach
$6,485,000
CAP Approach
CAP Return
Estimation
6%
$6,085,000
6.5%
$5,620,000
7%
$5,215,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,520,000
Current use
RESTAURANT
$6,765,000
Change: +22% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,955,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$6.06M
Range $5.45M – $6.66M · ±10% · vs last sale $5.80M (Feb 8 2022)
Last sale anchor
$5.80M
Feb 8 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$239 / SF
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
$2,143,000
Assessed 2023
Previous assessed
$2,143,000
+0.0% YoY
Assessed land
$510,000
Assessed improvement
$1,633,000
Land market value
$1,307,692
Improvement market value
$4,187,180
Total market value
$5,494,872
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
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
1999
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
25,308 SF
Lot
3.62 ac (157,687 SF)
Zoning code
05 - COMMERCIAL
APN
412400 271.-3-79
UPID
US63-1533844
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$5.5M
RESTAURANT
Est. value
$6.8M
COMMERCIAL (GENERAL)
Est. value
$5.0M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
3.62 ac
Current owner
From public records · entity-resolved
Kagr 2 Clifton Park LLC
Entity
Free & Clear · 4 yrs held
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2022
$5,800,000
Kagr 2 Clifton Park LLC
Clifton Pk Medical Pr LLC
Deed
—
Feb 19, 2019
—
Clifton Park Medical Prop
Athc Pmcpkny01 LLC
Quit Claim Deed
related
—
Jun 9, 2014
—
Plank Lasalle Medical Office L
Town Of Clifton Park Industrial D
Grant Deed
—
Jun 9, 2014
$4,530,000
Arhc Pmcpkny01 LLC
Plank Lasalle Medical Office L
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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