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    713 Pierce Rd Clifton Park, NY 12065-1302
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    Property profile & analytics

    713 Pierce Rd Clifton Park, NY 12065-1302

    View on Map
    • Office buildings
    • 14,698 SF
    • 5.59 lot acres
    Off-Market
    Last Sale Feb 28, 2020
    Property ID
    US63-5045803
    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
    $2,040,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mc Mahon Eric DDS / Dental Office
    • Mc Donnell James P DDS / Dental Office
    • Ashley Lerman / Dental Office
    • Holly Fadie / Dental Office
    • Dr. Karissa Koster / Dental Office

    Property Details for 713 Pierce Rd

    Year built
    2013
    Lot size
    5.59 lot acres
    Property size
    14,698 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Office buildings
    APN
    412400 265.-1-12.12
    APU
    41240026511212

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,205,000
      Current use
      COMMERCIAL (GENERAL)
      $2,875,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Clifton Park
    County
    Saratoga
    State
    New York
    Longitude
    -73.7824
    Latitude
    42.8924
    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
    $130,300
    $1,063,200
    $1,193,500
    -
    $334,103
    $2,726,153
    $3,060,256

    Comparable in this City

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      $1,570,000
      9,604 SF

      1 Halfmoon Town Plz

      OFFICE BUILDING • 9,604 SF
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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

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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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    • $1,350,000
      2.75 Acres

      High-Visibility Redevelopment Site in Clifton

      Redevelopment opportunity in a strong commercial environment.
      1742 Us-9, Clifton Park, NY 12065
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    • Contact for pricing
      12,000 SF

      Buildable Commercial Land Opportunity

      1.21 acres available for customizable build-to-suit development.
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    • $790,000
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      Commercial Land For Sale

      Commercial land available for sale.
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    • $750,000
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    Similar Nearby for Lease

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      30,312 SF

      Clifton Park Professional Office Building

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      Office Space Near Route 146

      Office suite with flexible layout near shopping and amenities.
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    • Contact for pricing
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      Office suites available for rent with immediate highway access.
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    • $12 SF/Yr
      15,060 SF

      Halfmoon Office Suites For Lease

      Multiple office suites available for lease in Halfmoon, New York.
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    • $1.00 SF/Yr
      5,756 SF

      Clifton Park Office Space Available

      Office suites available near Clifton Country Shopping Mall.
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      View Details
    • Contact for pricing
      5,130 SF

      Executive Woods Office Space

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      855 Route 146, Clifton Park, NY 12065
      View Details
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    Clifton Park, NY 12065-1302
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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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