Mixed-Use Property with Lake Erie
New
For Sale
$550,000
4904 Lake Shore Road, Hamburg, NY 14075
CommercialSale, Hamburg, NY
Property Size2,091 SF
Lot Size0.36 Acres
Price / SF$263.03
Days on Market3
Property Features for 4904 Lake Shore Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NC
Zoning description
Commercial
Rooms
Basement
Parking
8
Lot features
Rectangular, Rectangular Lot
Elementary school district
Frontier
Middle school district
Frontier
High school district
Frontier
Subdivision
Hamburg-144889
Standard status
Active
APN
144889-169-190-0001-010-000
Size
2,091 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Annual Amount
5737
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water front features
Beach Access, Lake
Water front
1
Amenities
fireplace living room
second sitting room
dining room opening to patio
fully equipped kitchen
unfinished space
owned Lake Erie frontage
fire pit
mature trees
fully fenced yard
separate lakeside building
Building Details
Year built
1910
Floors in Building
2
Flooring type
Carpet, Varies, Hardwood
Building materials
Frame, WoodSiding
Roof type
Asphalt
Listing Agency:
WNY Metro Roberts Realty
(716) 662-0449
Listed By:
Lucas Fabianski · License #10401400843
(716) 984-4601
Added: Aug 20
Last Checked: Aug 22 at 3:06PM
MLS# B1708473
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This NC-zoned mixed-use property includes a 2,091-square-foot main structure built in 1910, plus a separate building positioned at the water’s edge. The primary structure contains a fireplace living room, second sitting room, dining area with patio access, fully equipped kitchen, and unfinished space for additional build-out. Natural gas forced-air heat and central air serve the main building, with public sewer in place. The separate lakeside building has electric service, its own entrance, and a layout suitable for a private room or studio configuration.
The property encompasses 0.3573 acres with owned Lake Erie frontage and a fenced yard featuring mature trees and a fire pit. It fronts Lake Shore Road, identified in the source information as NYS Route 5. The current owner operates the property as a short-term rental, while specific future commercial plans remain subject to confirmation with the Town of Hamburg.
The property encompasses 0.3573 acres with owned Lake Erie frontage and a fenced yard featuring mature trees and a fire pit. It fronts Lake Shore Road, identified in the source information as NYS Route 5. The current owner operates the property as a short-term rental, while specific future commercial plans remain subject to confirmation with the Town of Hamburg.
Key Highlights
- NC zoning in the Town of Hamburg
- 2,091 SF main structure built in 1910
- 0.3573‑acre parcel with owned Lake Erie frontage
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
Highway access
Yes
Paved road access
Yes
Utilities to site
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - NC-zoned property combines a residential-style main structure with a separate lakeside building and commercial-use flexibility.
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; 2,091 SF main structure built in 1910; 0.3573‑acre parcel with owned Lake Erie frontage
