Building Details

Stories 1

Construction brick and concrete

Listing Agency: Hunt Commercial - Buffalo Show Phone

Listed By: Heidi Nuessle · License #10301212311 Show Phone

Source: Moodyscre

Added: Mar 12, 2024 Changed: Oct 4 Last Checked: Oct 20 at 10:53PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This single-story, freestanding brick and concrete garage/warehouse offers newly renovated interior space suitable for a variety of light commercial uses. The property includes on-site parking to support day-to-day operations and customer access.

The building is located in Hamburg on a busy section of Route 5, providing convenient visibility and access for an owner-user looking for flexible space.

With its garage and warehouse configuration, this property can work well for motor services, light industrial, or retail applications where a warehouse-style layout is helpful.

Key Highlights

• Single‑story, freestanding brick and concrete garage/warehouse space
• Recently renovated industrial/warehouse property in Hamburg
• Conveniently located on a busy section of Route 5

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,671

Cap Rate

9.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$593,420 $593.4K

Cap Rate 7%

$423,871 $423.9K

Cap Rate 9%

$329,678 $329.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,300 SF

Gross rent

$47.5K $14.40/SF

− Vacancy

−$5.1K −$1.56/SF

EGI

$42.4K $12.84/SF

− OpEx

−$12.7K −$3.85/SF

NOI

$29.7K $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 Rate 5%

$593,420

Cap Rate 7%

$423,871

Cap Rate 9%

$329,678

Alternative Uses

Best Use

Retail

$423.9K

$370.9K – $494.5K (±1% cap)

NOI $29,671 @ 7.0% cap · market cap 9.13%

Second Best

Flex RnD

$271.0K

$237.2K – $316.2K (±1% cap)

NOI $18,972 @ 7.0% cap · market cap 5.84%

Theoretical Best

Office A

$721.4K

$631.2K – $841.6K (±1% cap)

NOI $50,498 @ 7.0% cap · market cap 15.54%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Law Firm Hair Salon Big Box & Wholesale Store Kitchen & Bath Showroom Skin Care Clinic Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

83

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 14075, NY

44,053

Population

20,164

Households

2.2

Avg Household Size

46

Median Age

38%

College-Educated

96%

High-School Grad

39.4 sq mi

ZIP Area

1,118

Density / Sq Mi

$82,083

Median Household Income

$50,934

Median Earnings

$1,129

Median Rent

$246,100

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Single-story freestanding brick and concrete garage/warehouse with on-site parking, recently renovated.

Where is this flex space located?

The property is located at 4632 Lake Shore Rd Hamburg, NY.

What is the asking price?

The asking price for this property is $325,000.

What are key features of this property?

This property features: Single‑story, freestanding brick and concrete garage/warehouse space; Recently renovated industrial/warehouse property in Hamburg; Conveniently located on a busy section of Route 5