Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4770 Mckinley Pkwy Hamburg, NY 14075

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $289,000

    Large parcel near McKinley Mall, Wegman's, and Buffalo Raceway.

    We can help!

    Listing Contact
    Rick Recckio
    Rick Recckio
    Source: Recckio

    Listing Agent: Rick Recckio

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

    Learn more

    Overview

    7.44 Acres Commercial Land Hamburg

    This is a 7.44+/- acre parcel of land situated in a rural and residential area. The land is wooded and flat. It is located one mile south of the McKinley Mall, Wegman's, Aldi Foods, Home Depot, and various retailers and restaurants. The property is also located approximately 1/2 mile from Tops Market, the Village of Hamburg, Buffalo Raceway, Fairgrounds, and a casino. Gas, electric, and public water utilities are available. The property is south of Routes 20 and 20A, and east of the NY State Thruway (90), near the City of Buffalo in a village setting. The location offers many nearby amenities.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamburg
    County
    Erie
    State
    New York
    Longitude
    -78.812623
    Latitude
    42.754801

    Nearby Similar for Sale

    • $325,000
      2,898 SF

      Mixed-Use Building in Hamburg, NY

      Mixed-use building with retail storefront and residential/office space.
      5949 Camp Rd, Hamburg, NY 14075
      View Details
    • $1,250,000
      5,460 SF

      Redevelopment Opportunity on Camp Road

      5,460 SF former bank branch on 2.4 acres.
      5469 Camp Rd, Hamburg, NY 14075
      View Details
    • $299,900

      Mixed-Use Building in Hamburg Village

      Multi-use building with storefront and apartments in Hamburg, NY.
      87 Lake St, Hamburg, NY 14075
      View Details
    • Contact for pricing

      Freestanding Pizza Hut on Camp

      Operating Pizza Hut on 0.42 acre corner lot.
      5565 Camp Rd, Hamburg, NY 14075
      View Details
    • $300,000
      2,850 SF

      Pizzeria and Convenience Store Opportunity

      Established pizzeria and convenience store with real estate for sale.
      5946 Lake Shore Rd, Hamburg, NY 14075
      View Details
    • $699,900

      Mixed-Use Buildings with Lake Views

      Four buildings with retail, restaurant, apartments, and lake views.
      4467 Lake Shore Rd, Hamburg, NY 14075
      View Details
    • $349,000

      Renovated Duplex in Great Neighborhood

      Duplex with renovated main house and apartment in Hamburg, NY.
      3782 Harvard St, Hamburg, NY 14075
      View Details
    • $600,000

      Commercial Building Overlooking Lake Erie

      2100 sq ft commercial building suitable for adaptive reuse.
      4904 Lake Shore Rd, Hamburg, NY 14075
      View Details
    • $550,000
      1,482 SF

      Move-in Ready Dental Office

      Dental office in Hamburg, near retail and Highmark Stadium.
      4931 Southwestern Blvd, Hamburg, NY 14075
      View Details
    • $1,350,000
      5,967 SF

      Turnkey Restaurant Opportunity

      Freestanding 6,000 SF restaurant building for sale.
      3679 Commerce Pl, Hamburg, NY 14075
      View Details
    • $175,000

      Two-Family Home with Large Garage

      Two-family home with a large, two-story, two-car garage.
      4105 S Park Ave, Hamburg, NY 14219
      View Details
    • $264,900
      1,187 SF

      Hamburg Home with Finished Basement

      Well-maintained home near downtown Buffalo and Hamburg, NY.
      4174 Victorian Dr, Hamburg, NY 14075
      View Details

    FAQs

    What type of property is this?
    Land - Large parcel near McKinley Mall, Wegman's, and Buffalo Raceway.
    Where is this land located?
    The property is located at 4770 Mckinley Pkwy Hamburg, NY.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: - Large 7.44+\/- acre parcel.; - Convenient location: Near McKinley Mall, Wegman's, Aldi, Home Depot, Tops Market, Buffalo Raceway, Fairgrounds, and casino.; - Gas, electric, and public water available.
    (716) 834-7777
    Request Owner's contact information
    4770 Mckinley Pkwy Hamburg, NY 14075
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4770 Mckinley Pkwy
    Hamburg, NY 14075
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    4770 Mckinley Pkwy Hamburg, NY 14075
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rick Recckio
    Rick Recckio
    Real Estate License ID: #31RE0821429
    (716) 834-7777
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.