3365 Ridge Road, Ransomville, NY 14131

Building Details

Building Size 6,600 SF More

Listing Agency: HUNT Real Estate ERA

Listed By: Louis J Faery · License NY 40FA1074378 Show Phone

Source: Highfallssir

Added: Jul 21 Changed: Oct 31 Last Checked: Nov 12 at 1:55PM

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Investment Insights

Based on property information with market context.

This for-sale parcel in the Town of Cambria includes 80+ acres of open farmland along with several ponds, woods, and trails. On site is a 6,600' training facility constructed in 1985, featuring two shop bays with 14' overhead doors, a tool crib, storage loft, offices, classroom space, and restrooms. An oversized blacktop parking area is also included.

The property is zoned Agriculture/Residential. The site was formerly used as a training facility for Operating Engineers Local 17, and it offers a mix of built space and outdoor acreage suitable for a variety of land-and-facility configurations.

For investors and owner-users, the combination of acreage and existing shop and office/classroom improvements provides flexibility while maintaining a straightforward, functional layout for operations that need both indoor work space and outdoor grounds.

Key Highlights

• 80+ acres in the Town of Cambria with open farmland, woods, ponds, and trails
• On‑site 6,600' training facility constructed in 1985
• Training facility includes 2 shop bays with 14' overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,637

Cap Rate

8.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,152,740 $1.2M

Cap Rate 7%

$823,386 $823.4K

Cap Rate 9%

$640,411 $640.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,600 SF

Gross rent

$95.0K $14.40/SF

− Vacancy

−$6.4K −$0.96/SF

EGI

$88.7K $13.44/SF

− OpEx

−$31.0K −$4.70/SF

NOI

$57.6K $8.73/SF

Area

Niagara County, NY

Vacancy

6.70%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,152,740

Cap Rate 7%

$823,386

Cap Rate 9%

$640,411

Alternative Uses

Best Use

Flex RnD

$823.4K

$720.5K – $960.6K (±1% cap)

NOI $57,637 @ 7.0% cap · market cap 8.54%

Second Best

Industrial

$660.4K

$577.9K – $770.5K (±1% cap)

NOI $46,229 @ 7.0% cap · market cap 6.85%

Theoretical Best

Office A

$1.78M

$1.56M – $2.07M (±1% cap)

NOI $124,455 @ 7.0% cap · market cap 18.44%

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

International Union of Operating ... Advocacy Group

Suggested Use

Top Pick Building Supply Auto Repair Shop Plumbing Service Pet Grooming Service Food Market Accounting Firm

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

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

Explore this area Business Placement

Demographics for 14131, NY

5,207

Population

2,198

Households

2.4

Avg Household Size

50

Median Age

21%

College-Educated

95%

High-School Grad

41.9 sq mi

ZIP Area

124

Density / Sq Mi

$91,424

Median Household Income

$42,371

Median Earnings

$856

Median Rent

$204,800

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

Frequently Asked Questions

What type of property is this?

Agricultural land / Farmland - For sale 80+ acres with a 6,600' training facility, shop bays, overhead doors, and ponds, woods, and trails.

Where is this agricultural land / farmland located?

The property is located at 3365 Ridge Road Ransomville, NY.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 80+ acres in the Town of Cambria with open farmland, woods, ponds, and trails; On‑site 6,600' training facility constructed in 1985; Training facility includes 2 shop bays with 14' overhead doors