Add Listing
    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

    2849 Saunders Settlement Road RT 31 Sanborn, NY 14132

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $595,000

    9 +/- acres of commercial land with utilities at road.

    Type:Land
    Added:
    Nov 25, 2025
    Days on Market:
    127
    Last Refresh:
    Mar 29 at 11:42 pm

    Property Features for 2849 Saunders Settlement Road RT 31

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Rick Recckio
    Rick Recckio

    Listing agent Rick Recckio License #NY #31RE0821429

    Listing office Recckio Real Estate & Development

    Listing date Nov 25, 2025

    Source Recckio

    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 Recckio Real Estate & Development

    Overview

    Commercial Land with Traffic Signal

    This property features approximately 9 acres of vacant land. The site is noted as flat and high, with traffic signal access. It is zoned for commercial use, making it suitable for retail or restaurant developments. Utilities, including sewers and electric, are available at the road. An 8-inch water line is present on site. The property is located at the intersection of Route 429 Buffalo Street and Saunders Settlement Road, also known as Route 31, between Townline Road and Bridgeman Road. It is situated in close proximity to banks, restaurants, convenience stores, and grocery stores, and is also located minutes from Niagara Community College. The owner is willing to subdivide the land.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanborn
    County
    Niagara
    State
    New York
    Longitude
    -78.8871
    Latitude
    43.1436

    Nearby Similar for Sale

    • $3,000,000
      12,046 SF

      Established Businesses on 120+ Acres

      Profitable sandblasting, painting, and water garden businesses on 120+ acres.
      3779 Lower Mountain Road, Sanborn, NY 14132
      View Details
    • $450,000

      Sanborn Investment Opportunity

      9-acre property with five buildings for sale in Sanborn.
      5700 Shawnee Road, Sanborn, NY 14132
      View Details
    • $49,900
      5 SF

      Former Air Force Base Land

      5.6 acres of land zoned for planned development.
      0 Eagle Drive, Sanborn, NY 14132
      View Details
    • $360,000
      8 SF

      Vacant Land Ready for Development

      8.9 acres of remediated land in Cambria, NY.
      Unicorn Drive, Sanborn, NY 14132
      View Details
    • Contact for pricing
      42,786 SF

      Manufacturing/Warehouse Building on 4.5 Acres

      42,786 SF manufacturing/warehouse on 4.5 acres for sale/lease.
      6351 Inducon Dr E, Sanborn, NY 14132
      View Details
    • $2,995,000
      42,786 SF

      Sanborn Manufacturing/Warehouse on 4.5 Acres

      Manufacturing/warehouse building on 4.5 acres with office and lab space.
      6351 Inducon Dr E, Sanborn, NY
      View Details
    • Contact for pricing
      16,500 SF

      Manufacturing/Warehouse Building on Large Lot

      16,500 SF manufacturing/warehouse on 6.5 acres available for sale.
      6357 Inducon Dr E, Sanborn, NY 14132
      View Details
    • $1,120,000
      16,000 SF

      Sanborn Manufacturing/Warehouse Building For Sale

      16,000 sq. ft. manufacturing/warehouse building on 6.5 acres.
      6357 Inducon Dr E, Sanborn, NY
      View Details
    • $595,000

      Vacant Land For Sale

      9 +/- acres of vacant land suitable for commercial use.
      2835 Saunders Settlement Rd, Sanborn, NY
      View Details
    • Contact for pricing
      42,800 SF

      Industrial Buildings in Inducon Park

      Two adjacent industrial buildings totaling 60,000 sq. ft.
      6351 Inducon Dr E, Sanborn, NY 14132
      View Details
    • Contact for pricing
      16,500 SF

      Industrial Building on 6.5 Acres

      16,500 sq ft industrial building on 6.5 acres.
      6357 Inducon Dr E, Sanborn, NY 14132
      View Details
    • $1,699,000
      27,264 SF

      Industrial Building for Sale/Lease

      Industrial building suitable for light manufacturing or assembly.
      6125 Lendell Dr, Sanborn, NY 14132
      View Details

    FAQs

    What type of property is this?
    Commercial land - 9 +/- acres of commercial land with utilities at road.
    Where is this commercial land located?
    The property is located at 2849 Saunders Settlement Road RT 31 Sanborn, NY.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: Traffic signal access for **high visibility and easy entry/exit.**; **9 +/- acres of commercially zoned land** suitable for retail or restaurant development.; All utilities (sewer, electric, 8" water line) available at the road.
    (716) 998-4422
    We can help!
    Listing Contact
    Rick Recckio
    Rick Recckio
    Real Estate License ID: NY #31RE0821429
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!