Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Office Building For Lease Title is generated by Realmo AI

    40 Gardenville W Parkway, West Seneca, NY 14224

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr $80,000/Mo (calc)

    Modern office building with flexible lease options and ample parking.

    Type:Rental
    Property size:
    64,000 SF
    Lot size:
    3.30 Acres
    Added:
    Dec 16, 2024
    Days on Market:
    523
    Last Refresh:
    May 19 at 8:37 pm

    Property Features for 40 Gardenville W Parkway

    General Information

    Standard status
    Active
    Size
    64,000 SF
    Lot size
    3.30 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Dana Bress

    Listing agent Dana Bress License #10491208728

    Listing office Homes 360 LLC

    Listing date Dec 16, 2024

    Source Exitrealty

    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 Homes 360 LLC

    HighLights

    • Fully renovated, modern office building.
    • Convenient location at the Cheektowaga/West Seneca border with easy access to Downtown Buffalo, the North and Southtowns, and major highways.
    • Flexible lease options and competitive pricing.
    • Ample complimentary parking.
    • Thoughtful interior design for productive work environments.
    • Proximity to public transport, restaurants, and shops.

    Overview

    Gardenville Commerce Center is a fully renovated, modern office building suitable for various professional businesses, including medical practices, attorneys, counselors, and start-ups. It is located at the Cheektowaga/West Seneca border, providing convenient access to Downtown Buffalo, the North and Southtowns, and major highways. The property offers flexible lease options, competitive pricing, and ample complimentary parking. The interior design of the office spaces aims to provide productive work environments. Nearby public transport, restaurants, and shops offer added convenience. The property has a size of 64000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pathways of WNY Daycare Center Innovative Audio Video Electronics & Wireless Store Michelle Eliason OTR, ... Physician Aging with Purpose Physician Simply Yoga of WNY Gym & Fitness Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    West Seneca
    County
    Erie
    State
    New York
    Longitude
    -78.7559585
    Latitude
    42.8639282

    Nearby Similar for Lease

    • $2,450/Mo
      1,843 SF

      West Seneca Office Space Available

      1,842.50 sq ft office space in West Seneca, NY.
      4085 Seneca St, West Seneca, NY 14224
      View Details
    • Contact for pricing
      1,400 SF

      Union Road Retail/Office Space

      Retail or office spaces available near Galleria Mall.
      2339 Union Rd, West Seneca, NY 14224
      View Details
    • Contact for pricing
      4,500 SF

      West Seneca Medical/Office Space

      4,500+/- SF medical/office space in high-traffic West Seneca location.
      220 Center Road, West Seneca, NY 14224
      View Details
    • Contact for pricing
      62,899 SF

      Retail Space in West Seneca

      Former Goodwill space in a busy, well-maintained shopping center.
      3531 Seneca Street, West Seneca, NY 14224
      View Details
    • Contact for pricing

      Remodeled Office/Retail Space Available

      Remodeled office or retail space in Wimbledon Plaza.
      220 Center Road, West Seneca, NY 14224
      View Details
    • Contact for pricing

      Retail Showroom with Garage Space

      Retail showroom with office, garage, and storage space available.
      3045 Seneca Street, West Seneca, NY 14224
      View Details
    • $3 SF/Yr
      35,000 SF

      West Seneca Manufacturing/Warehouse Opportunity

      3.10 acre site with five buildings available for lease.
      1700 Union Road, West Seneca, NY 14224
      View Details
    • Contact for pricing
      6,495 SF

      West Seneca Medical Office Suites

      Medical office suites available for lease in West Seneca.
      550 Orchard Park Road, West Seneca, NY, 14224
      View Details
    • Contact for pricing
      2,480 SF

      Suburban Office Space Available

      Highly visible office space on Seneca Street near expressway.
      2950 Seneca Street, West Seneca, NY 14224
      View Details
    • Contact for pricing

      West Seneca Warehouse Space Available

      7,500+/- SF warehouse space near major expressways.
      3155 Seneca Street, West Seneca, NY 14224
      View Details
    • Contact for pricing
      500,000 SF

      Large Retail and Office Space

      Over 500,000 SF of retail and office space available.
      990 Union Rd, West Seneca, NY
      View Details
    • Contact for pricing
      1,803 SF

      Retail Space in Seneca Ridge Plaza

      Neighborhood center with high visibility and accessibility in West Seneca.
      3521-3531 Seneca St, West Seneca, NY
      View Details

    FAQs

    What type of property is this?
    Office building - Modern office building with flexible lease options and ample parking.
    Where is this office building located?
    The property is located at 40 Gardenville W Parkway West Seneca, NY.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Fully renovated, **modern office building**.; Convenient location at the Cheektowaga/West Seneca border with easy access to Downtown Buffalo, the North and Southtowns, and major highways.; Flexible lease options and competitive pricing.
    (716) 863-8034
    We can help!
    Listing Contact
    Dana Bress
    Real Estate License ID: 10491208728
    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

    Thank You for Inquiry
    40 Gardenville W Parkway, West Seneca, NY 14224
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!