Flex Building with Office and
For Sale
$995,000
Pending
207 Lake Street, Hamburg, NY 14075
Flexible commercial property combines extensive office, warehouse, and second-floor living areas in one building.
Property Size9,991 SF
Days on Market60
Property Features for 207 Lake Street
General Information
Standard status
Pending
Size
9,991 SF
Total Parking Spaces
30
Property subtype
Business
Warehouse & Industrial
Warehouse Space
2,500 SF
Office Build-Out
6,000 SF
Taxes and HOA fees
Annual Taxes
$25,241
Building Details
Building Size
9,991 SF
Year Built
1952
Buildings
1
Listing Agency:
Howard Hanna WNY Inc.
Listed By:
Mary Zulawski · License #30ZU0567024
(716) 481-4808
Source:
Highfallssir
Added: Aug 10
Changed: Oct 8
Last Checked: Oct 7 at 6:39PM
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 Howard Hanna WNY Inc.
Investment Insights
Based on property information with market context.
This flex property at 207 Lake St in Hamburg, NY, contains approximately 10,000 square feet arranged across office, warehouse, and residential-style living areas. The building includes approximately 6,000 square feet of office space, 2,500 square feet of warehouse space, and 1,500 square feet of living space on the second floor. The configuration supports a business operation with living quarters in the same location, and the living area may be rented separately.
A large blacktop parking surface accommodates 30 vehicles. The main building roof is approximately 6–7 years old, while the flat roof is approximately 10 years old. The property was built in 1952, and the building and land are offered together.
A large blacktop parking surface accommodates 30 vehicles. The main building roof is approximately 6–7 years old, while the flat roof is approximately 10 years old. The property was built in 1952, and the building and land are offered together.
Key Highlights
- Approximately 10,000 square feet of commercial building area
- Approximately 6,000 square feet of office space
- Approximately 2,500 square feet of warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,491
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,149,820
$1.1M
Cap Rate 7%
$821,300
$821.3K
Cap Rate 9%
$638,789
$638.8K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$94.8K $9.48/SF
− Vacancy
−$6.4K −$0.64/SF
EGI
$88.4K $8.84/SF
− OpEx
−$31.0K −$3.10/SF
NOI
$57.5K $5.75/SF
Area
Erie County, NY
Vacancy
6.70%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,149,820
Cap Rate 7%
$821,300
Cap Rate 9%
$638,789
Alternative Uses
Best Use
Office B
$1.79M
$1.57M – $2.09M
NOI $125,307 @ 7.0% cap · market cap 12.59%
Second Best
Flex RnD
$821.3K
$718.6K – $958.2K
NOI $57,491 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$2.19M
$1.91M – $2.55M
NOI $153,024 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
831
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Similar Off Market Nearby
- O'Brien's West End Inn — 340 Union St, Hamburg, NY 14075
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial property combines extensive office, warehouse, and second-floor living areas in one building.
Where is this flex space located?
The property is located at 207 Lake Street Hamburg, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Approximately 10,000 square feet of commercial building area; Approximately 6,000 square feet of office space; Approximately 2,500 square feet of warehouse space
