Retail Property with Corporate
25 Gardenville Pkwy, West Seneca, NY
For Sale
Contact for pricing
Retail property with a corporate-guaranteed lease and expansion options.
Property Size15,059 SF
Lot Size0.67 Acres
Price / SF$158
Days on Market535
Property Features for 25 Gardenville Pkwy
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
Donovan Real Estate Services
(716) 998-2943
Listed By:
Brian P Donovan · License NY #10491202934
(585) 703-3888
Source:
Moodyscre
Added: May 29, 2025
Changed: Aug 8
Last Checked: Jul 25 at 9:35AM
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 Donovan Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property features a 10-year initial lease term, along with two 5-year options that include 10% increases. The lease is supported by a corporate guaranty. The building is situated on a corner lot and includes a pylon sign. The property has a size of 15,059 square feet and is located in West Seneca, NY.
Key Highlights
- Corporate guaranty on lease
- 10‑year initial term
- Two 5‑year options with 10% bumps
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,684
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,933,680
$2.9M
Cap Rate 7%
$2,095,486
$2.1M
Cap Rate 9%
$1,629,822
$1.6M
Market Conditions
NOI Build-Up for 15,059 SF
Gross rent
$234.9K $15.60/SF
− Vacancy
−$25.4K −$1.68/SF
EGI
$209.5K $13.92/SF
− OpEx
−$62.9K −$4.17/SF
NOI
$146.7K $9.74/SF
Area
Buffalo, NY
Vacancy
10.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,933,680
Cap Rate 7%
$2,095,486
Cap Rate 9%
$1,629,822
Alternative Uses
Best Use
Retail
$2.10M
$1.83M – $2.44M
NOI $146,684 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.62M
$3.17M – $4.22M
NOI $253,497 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Erie County, NY
Properties on Market for Retail space in Erie County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Retail property with a corporate-guaranteed lease and expansion options.
Where is this retail space located?
The property is located at 25 Gardenville Pkwy West Seneca, NY.
What is the asking price?
The asking price for this property is $2,394,370.
What are key features of this property?
This property features: Corporate guaranty on lease; 10‑year initial term; Two 5‑year options with 10% bumps
