Agricultural Training Facility
For Sale
$675,000
Pending
3365 Ridge Rd, Ransomville, NY 14131
For sale 80+ acres with a 6,600' training facility, shop bays, overhead doors, and ponds, woods, and trails.
Property Size6,600 SF
Days on Market19
Property Features for 3365 Ridge Rd
General Information
Standard status
Pending
Size
6,600 SF
Property subtype
Land
Taxes and HOA fees
Annual Taxes
$9,339
Building Details
Building Size
6,600 SF
Listing Agency:
Hunt Real Estate ERA
(716) 434-6266
Listed By:
Louis J Faery
(716) 434-6266
Source:
Elliman
Added: Jul 24
Changed: Aug 8
Last Checked: Aug 10 at 5:39AM
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 Real Estate ERA
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,637
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,152,740
$1.2M
Cap Rate 7%
$823,386
$823.4K
Cap Rate 9%
$640,411
$640.4K
Market Conditions
NOI Build-Up for 6,600 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,152,740
Cap Rate 7%
$823,386
Cap Rate 9%
$640,411
Alternative Uses
Best Use
Industrial
$4.62M
$4.04M – $5.39M
NOI $323,285 @ 7.0% cap · market cap 47.89%
Second Best
Flex RnD
$823.4K
$720.5K – $960.6K
NOI $57,637 @ 7.0% cap · market cap 8.54%
Theoretical Best
Warehouse
$5.61M
$4.91M – $6.54M
NOI $392,560 @ 7.0% cap · market cap 58.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 Rd 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
