Freestanding Bank Building with
3049 Orchard Park Rd Orchard Park, NY 14127
New
For Sale
Contact for pricing
Freestanding drive-thru bank on an absolute net lease with six years remaining and two five-year options.
Property Size5,850 SF
Lot Size1.20 Acres
Price / SF$358.97
Days on Market7
Property Features for 3049 Orchard Park Rd
General Information
Standard status
Active
Size
5,850 SF
Lot size
1.20 Acres
Property subtype
RETAIL
Listing Agency:
Hunt Commercial - Buffalo
(716) 983-3202
Listed By:
Heidi Nuessle · License #10301212311
(716) 983-3202
Source:
Moodyscre
Added: Jul 24
Changed: Jul 29
Last Checked: Jul 29 at 7:01PM
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 Hunt Commercial - Buffalo
Investment Insights
Based on property information with market context.
Freestanding, single-story bank investment property on an absolute net lease structure. The building totals 5,850 SF and is situated on 1.2 acres, with a drive-thru service window and ample on-site parking.
The property is centrally located near the “five corners” area of Orchard Park, New York, with frontage on Orchard Park Road (address: 3049 Orchard Park Rd) and access along Union and Orchard Park Roads, described as similar on both sides.
Lease structure provides 6 years remaining on the current term, along with two (2) five-year options. The offering is described as having a 6.1% cap rate.
The property is centrally located near the “five corners” area of Orchard Park, New York, with frontage on Orchard Park Road (address: 3049 Orchard Park Rd) and access along Union and Orchard Park Roads, described as similar on both sides.
Lease structure provides 6 years remaining on the current term, along with two (2) five-year options. The offering is described as having a 6.1% cap rate.
Key Highlights
- 5,850 SF freestanding, single‑story bank building on 1.2 acres
- Drive‑thru on‑site plus ample on‑site parking
- Located at 3049 Orchard Park Rd in Orchard Park near the five corners area
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.3k | $18.00 |
| − Vacancy | −$11.4k | −$1.94 |
| EGI | $93.9k | $16.06 |
| − OpEx | −$23.5k | −$4.01 |
| NOI | $70.4k | $12.04 |
5,850 SF · lease $18.00/SF/yr · vacancy 10.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.01M
$880.6K – $1.17M
NOI $70,446 @ 7.0% cap · market cap 3.35%
Second Best
Retail
$751.4K
$657.5K – $876.7K
NOI $52,599 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,519 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Bank - Freestanding drive-thru bank on an absolute net lease with six years remaining and two five-year options.
Where is this bank located?
The property is located at 3049 Orchard Park Rd Orchard Park, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 5,850 SF freestanding, single‑story bank building on 1.2 acres; Drive‑thru on‑site plus ample on‑site parking; Located at 3049 Orchard Park Rd in Orchard Park near the five corners area
