Lakefront Mixed-Use
For Sale
$550,000
4904 Lake Shore Road, Hamburg, NY 14075
NC-zoned property with a primary residence, separate lakeside building, and owned Lake Erie frontage.
Property Size2,091 SF
Days on Market10
Property Features for 4904 Lake Shore Road
General Information
Standard status
Active
Size
2,091 SF
Property subtype
Mixed Use
Zoning
NC
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$5,737
Amenities
fireplace living room
second sitting room
dining room
fully equipped kitchen
unfinished space
fire pit
mature trees
fully fenced yard
owned Lake Erie frontage
private beach access
electric service
Building Details
Building Size
2,091 SF
Year Built
1910
Buildings
2
Listing Agency:
WNY Metro Roberts Realty
(716) 984-4601
Listed By:
Lucas Fabianski · License #10401400843
(716) 984-4601
Source:
Highfallssir
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 29 at 2:04PM
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 WNY Metro Roberts Realty
Investment Insights
Based on property information with market context.
Located at 4904 Lake Shore Rd in Hamburg, this mixed-use property includes a main house with a fireplace living room, second sitting room, dining area connected to the patio, fully equipped kitchen, and unfinished space for future buildout. A separate building at the water's edge has its own entrance, electric service, windows, and an interior arrangement suited to a private studio, treatment room, or retreat space. The main structure is currently operated as a short-term rental.
The property has owned Lake Erie frontage, mature trees, a fire pit, and a fully fenced yard. A staircase could provide direct private beach access. NC zoning in the Town of Hamburg supports commercial activity within existing residential-style structures, subject to confirmation of specific plans with the municipality.
Positioned directly on Lake Shore Road, NYS Route 5, the property benefits from exposure along a traveled corridor serving Hamburg's lakefront communities. The main house dates to 1910.
The property has owned Lake Erie frontage, mature trees, a fire pit, and a fully fenced yard. A staircase could provide direct private beach access. NC zoning in the Town of Hamburg supports commercial activity within existing residential-style structures, subject to confirmation of specific plans with the municipality.
Positioned directly on Lake Shore Road, NYS Route 5, the property benefits from exposure along a traveled corridor serving Hamburg's lakefront communities. The main house dates to 1910.
Key Highlights
- NC zoning in the Town of Hamburg supports commercial activity in existing residential‑style structures
- Owned Lake Erie frontage with a fully fenced yard, mature trees, and fire pit
- Separate lakeside building with electric service and its own entrance
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
$19,642
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
3.57%
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%
$392,840
$392.8K
Cap Rate 7%
$280,600
$280.6K
Cap Rate 9%
$218,244
$218.2K
Market Conditions
NOI Build-Up for 2,091 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
$37.6K $18.00/SF
− Vacancy
−$6.2K −$2.97/SF
EGI
$31.4K $15.03/SF
− OpEx
−$11.8K −$5.64/SF
NOI
$19.6K $9.39/SF
Area
Erie County, NY
Vacancy
16.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$392,840
Cap Rate 7%
$280,600
Cap Rate 9%
$218,244
Alternative Uses
Best Use
Mixed Use
$280.6K
$245.5K – $327.4K
NOI $19,642 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$172.5K
$150.9K – $201.2K
NOI $12,073 @ 7.0% cap · market cap 2.20%
Theoretical Best
Office A
$457.1K
$400.0K – $533.3K
NOI $31,997 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 14075, NY
44,053
Population
20,164
Households
2.2
Avg Household Size
46
Median Age
38%
College-Educated
96%
High-School Grad
39.4 sq mi
ZIP Area
1,118
Density / Sq Mi
$82,083
Median Household Income
$50,934
Median Earnings
$1,129
Median Rent
$246,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - NC-zoned property with a primary residence, separate lakeside building, and owned Lake Erie frontage.
Where is this mixed-use property located?
The property is located at 4904 Lake Shore Road Hamburg, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: NC zoning in the Town of Hamburg supports commercial activity in existing residential‑style structures; Owned Lake Erie frontage with a fully fenced yard, mature trees, and fire pit; Separate lakeside building with electric service and its own entrance
