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    11156 Walden Ave Alden, NY 14004

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    For Sale
    Contact for pricing

    27.5 acre industrial land with development approvals.

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    Listing Contact
    Rick Recckio
    Source: Recckio

    Listing Agent: Rick Recckio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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    Overview

    Alden Industrial Land Opportunity

    Available for sale is a 27.5+/- acre vacant industrial land parcel located in the Town of Alden. The property features a newly constructed storage pole barn, approximately 1,200+/- square feet in size. Zoned M1 and R2, the site has pre-approved development plans from the Town of Alden for retail, office, and warehouse buildings, as well as approval for 100+/- storage units. A Seeker study is 100% completed, and previous plans are available upon request. All utilities are available, located at Walden Avenue. Approximately 5+/- acres are fenced in and stoned for storage or parking, with an additional 5+/- acres featuring a crushed stone lot. A septic system will be installed by Spring to the existing building. The storm sewer is located 800' back from Walden Ave, complete with catch basins, and the front drainage ditch is filled in. Approximately 15+/- acres of wetlands are situated on the rear section of the property. The site is cleared and features a stone road. The property has 347' of frontage and a depth of 2,683'. It is located on a major thoroughfare to/from Buffalo, NY, proximate to additional industrial developments and industrial parks. As-built plans and specs are available for a 60' x 100' steel building. The property is located just east of Towline Road and west of Genesee Street. There is 18" drainage in the fenced-in area and at the road per Town specifications. Wetland study is completed. 100' ft of Depth - Zoned Light Industrial.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Department Store Kitchen & Bath Garden Center Car Rental

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alden
    County
    Erie
    State
    New York
    Longitude
    -78.5722446
    Latitude
    42.9373525

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    FAQs

    What type of property is this?
    Commercial land - 27.5 acre industrial land with development approvals.
    Where is this commercial land located?
    The property is located at 11156 Walden Ave Alden, NY.
    What are key features of this property?
    This property features: - Pre-approved for development: retail, office, warehouse buildings, and 100+\/- storage units.; - Located on a major thoroughfare to/from Buffalo, NY, proximate to industrial developments and parks.; - 27.5+\/- acres zoned M1 and R2 with utilities available at Walden Avenue.
    (716) 631-5555
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    11156 Walden Ave Alden, NY 14004
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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
    11156 Walden Ave Alden, NY 14004
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    We can help!
    Listing Contact
    Rick Recckio
    Real Estate License ID: #31RE0821429
    (716) 631-5555
    Learn more
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