Corporate Flex Campus with
For Sale
$3,700,000
4493 Walden Ave, Lancaster, NY 14086
Multi-building flex campus includes a class A office building, light industrial space, storage pole barn, and an on-site restaurant.
Property Size36,300 SF
Price / SF$105.07
Days on Market107
Property Features for 4493 Walden Ave
General Information
Standard status
Active
Size
36,300 SF
Class
A
Total Parking Spaces
100
Property subtype
Office
Additional Details
Furnished
Yes
Office Units
26
Amenities
conference rooms
open work area
Wi-Fi connectivity
modern kitchen
landscaping
pond
on-site restaurant
Building Details
Building Size
36,300 SF
Year Built
1994
Listing Agency:
Hunt Commercial - Buffalo
Listed By:
Ronald Gunner Tronolone · License #NY #30TR0558114
(716) 913-7107
Source:
Huntcommercial
Added: Jul 8
Changed: Oct 1
Last Checked: Oct 20 at 6:42PM
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
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Investment Insights
Based on property information with market context.
This corporate flex campus features a class A office building totaling 24,416 SF, a secondary light industrial building totaling 10,800 SF, and a 2,960 SF pole barn for storage. The secondary building includes space that was converted to a 3,300 SF restaurant, and the overall complex is designed for a flexible mix of office and light industrial use.
The office configuration includes 2 large conference rooms, 26 offices, and a large open work area measuring 48 x 54, with power and Wi-Fi connectivity wired throughout. A fully equipped modern kitchen is situated adjacent to the open work area. The property also includes 100+ car parking.
Built in 1994 and upgraded since a 2009 sale, the campus includes major renovations and improvements documented across multiple years, including new metal roofs, landscaping and pond installation, driveway and parking lot work, and buildout of the cidery and tap room with new HVAC. A pole barn was constructed in 2023. The campus can be used as one tenant, or offered in sections for individual office or workspace rentals by the next owner.
The office configuration includes 2 large conference rooms, 26 offices, and a large open work area measuring 48 x 54, with power and Wi-Fi connectivity wired throughout. A fully equipped modern kitchen is situated adjacent to the open work area. The property also includes 100+ car parking.
Built in 1994 and upgraded since a 2009 sale, the campus includes major renovations and improvements documented across multiple years, including new metal roofs, landscaping and pond installation, driveway and parking lot work, and buildout of the cidery and tap room with new HVAC. A pole barn was constructed in 2023. The campus can be used as one tenant, or offered in sections for individual office or workspace rentals by the next owner.
Key Highlights
- 35,216 SF multi‑building flex campus built in 1994, including a class A office building plus light industrial, storage, and an on‑site restaurant.
- Main office building offers 24,416 SF with 2 large conference rooms, 26 offices, and a large open work area.
- 48 x 54 wired for power and Wi‑Fi connectivity, plus a fully equipped modern kitchen adjacent to the open work area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,462
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,049,240
$4.0M
Cap Rate 7%
$2,892,314
$2.9M
Cap Rate 9%
$2,249,578
$2.2M
Market Conditions
NOI Build-Up for 35,216 SF
Gross rent
$333.8K $9.48/SF
− Vacancy
−$22.4K −$0.64/SF
EGI
$311.5K $8.84/SF
− OpEx
−$109.0K −$3.10/SF
NOI
$202.5K $5.75/SF
Area
Erie County, NY
Vacancy
6.70%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,049,240
Cap Rate 7%
$2,892,314
Cap Rate 9%
$2,249,578
Alternative Uses
Best Use
Office B
$6.30M
$5.52M – $7.35M
NOI $441,281 @ 7.0% cap · market cap 11.93%
Second Best
Flex RnD
$2.89M
$2.53M – $3.37M
NOI $202,462 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$7.70M
$6.74M – $8.98M
NOI $538,889 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
26
Office units
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14086, NY
35,010
Population
15,486
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
95%
High-School Grad
33.3 sq mi
ZIP Area
1,051
Density / Sq Mi
$95,949
Median Household Income
$53,164
Median Earnings
$983
Median Rent
$263,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Multi-building flex campus includes a class A office building, light industrial space, storage pole barn, and an on-site restaurant.
Where is this flex space located?
The property is located at 4493 Walden Ave Lancaster, NY.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: 35,216 SF multi‑building flex campus built in 1994, including a class A office building plus light industrial, storage, and an on‑site restaurant.; Main office building offers 24,416 SF with 2 large conference rooms, 26 offices, and a large open work area.; 48 x 54 wired for power and Wi‑Fi connectivity, plus a fully equipped modern kitchen adjacent to the open work area.
