Drive-Up Self-Storage
For Sale
Contact for pricing
3371 N Benzing Rd, Orchard Park, NY 14127
Non-climate-controlled storage units offer direct vehicle access at a self-storage property with established occupancy.
Property Size13,400 SF
Price / SF$104.48
Days on Market9
Property Features for 3371 N Benzing Rd
General Information
Standard status
Active
Size
13,400 SF
Class
C
Property subtype
Self Storage
Occupancy
92%
Investment Type
Value Add
Net Operating Income
$98,930
Additional Details
Asking Price
$1,400,000
Self-Storage Units
84
Building Details
Year Built
2004
Units
84
Tenancy
Multi
Listing Agency:
Grandstone Investment Sales
Listed By:
Meir Perlmuter · License #BK3443325
Source:
Crexi
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 5 at 1:24PM
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 Grandstone Investment Sales
Investment Insights
Based on property information with market context.
Orchard Park Self Storage is an 84-unit facility at 3371 N Benzing Rd in Orchard Park, New York. Built in 2004, the property contains 13,400 NRSF of Class C, non-climate-controlled storage with drive-up access. Physical occupancy is 92.2%, providing an established operating base.
The facility is positioned for visibility from South Expy, which records more than 50,000 vehicles per day. The surrounding market includes 53,383 residents within three miles and 147,328 residents within five miles. Self-storage supply within a five-mile radius is 5.5 square feet per capita, while the property is approximately two miles from the new Buffalo Bills stadium.
The facility is positioned for visibility from South Expy, which records more than 50,000 vehicles per day. The surrounding market includes 53,383 residents within three miles and 147,328 residents within five miles. Self-storage supply within a five-mile radius is 5.5 square feet per capita, while the property is approximately two miles from the new Buffalo Bills stadium.
Key Highlights
- 84‑unit self‑storage facility with 13,400 NRSF
- 92.2% physical occupancy
- Non‑climate‑controlled, drive‑up storage units
Financial Insights For Self Storage
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 | $201.0k | $15.00 |
| − Vacancy | −$20.1k | −$1.50 |
| EGI | $180.9k | $13.50 |
| − OpEx | −$54.3k | −$4.05 |
| NOI | $126.6k | $9.45 |
13,400 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$1.81M
$1.58M – $2.11M
NOI $126,630 @ 7.0% cap · market cap 9.05%
Second Best
Warehouse
$1.02M
$892.7K – $1.19M
NOI $71,413 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$2.93M
$2.56M – $3.42M
NOI $205,052 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 14127, NY
30,565
Population
13,412
Households
2.3
Avg Household Size
46
Median Age
53%
College-Educated
98%
High-School Grad
40.7 sq mi
ZIP Area
751
Density / Sq Mi
$106,071
Median Household Income
$59,902
Median Earnings
$1,196
Median Rent
$328,700
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?
Self storage facility - Non-climate-controlled storage units offer direct vehicle access at a self-storage property with established occupancy.
Where is this self storage facility located?
The property is located at 3371 N Benzing Rd Orchard Park, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 84‑unit self‑storage facility with 13,400 NRSF; 92.2% physical occupancy; Non‑climate‑controlled, drive‑up storage units
