Property profile

87 Lk St Hamburg, NY 14075

OFF-MARKET
Other investment properties
Property ID
US63-5617809
1,960 SF 0.18 ac lot Built 1937
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This multi-use building is located in the Village of Hamburg, New York, and includes a ground-floor storefront with residential apartments above. The property is situated one block from the business center on Main Street and has frontage on a high-traffic commercial corridor. Off-street parking is provided on-site with approximately 11 parking spaces. The building layout supports a range of professional office uses and small retail/service concepts, including business, legal, medical, accounting/financial planning, and services such as hair care or wellness-related practices, as well as small specialty food retail.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1937
Total area 1,960 SF
Lot 0.18 ac (8,008 SF)
Zoning code C2
APN 144803 196.05-13-50
UPID US63-5617809

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • (Bike/Boat/Book/etc) Store
  • Specialty Food Shop

Location

87 Lk St Hamburg, NY 14075-4833
Hamburg metro Census 13400 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2016
3 recorded transactions
2022
Price N/A
2016
$132,000
2007
$113,500

Zoning & alternative use

C2 · Hamburg, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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