1,500 SF Commercial
For Sale
Contact for pricing
11625 Broadway St, Alden, NY
1,500 SF commercial property on 75 acres for sale.
Property Size1,800 SF
Lot Size0.47 Acres
Price / SF$166.67
Days on Market1337
Property Features for 11625 Broadway St
General Information
Standard status
Active
Size
1,800 SF
Lot size
0.47 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Saperston Real Estate Corporation
(716) 847-1100
Listed By:
Howard Saperston
Source:
Moodyscre
Added: Dec 15, 2022
Changed: Jul 6
Last Checked: Aug 12 at 6:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Saperston Real Estate Corporation
Investment Insights
Based on property information with market context.
This commercial property offers 1,500 square feet of space on a 75-acre lot. It features a large grade door and drains. The property has 220 3-phase electrical power. It is suitable for car repair, warehouse, industrial, automotive, and retail purposes.
Key Highlights
- 75 acres
- Ideal for car repair
- Features a large grade door
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,184
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$323,680
$323.7K
Cap Rate 7%
$231,200
$231.2K
Cap Rate 9%
$179,822
$179.8K
Market Conditions
NOI Build-Up for 1,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.9K $14.40/SF
− Vacancy
−$2.8K −$1.56/SF
EGI
$23.1K $12.84/SF
− OpEx
−$6.9K −$3.85/SF
NOI
$16.2K $8.99/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$323,680
Cap Rate 7%
$231,200
Cap Rate 9%
$179,822
Alternative Uses
Best Use
Retail
$231.2K
$202.3K – $269.7K
NOI $16,184 @ 7.0% cap · market cap 5.39%
Second Best
Warehouse
$137.0K
$119.9K – $159.9K
NOI $9,593 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$393.5K
$344.3K – $459.1K
NOI $27,544 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Bonnie Lake Storage — 11565 Broadway, Alden, NY 14004
Frequently Asked Questions
What type of property is this?
Warehouse - 1,500 SF commercial property on 75 acres for sale.
Where is this warehouse located?
The property is located at 11625 Broadway St Alden, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 75 acres; Ideal for car repair; Features a large grade door
