New Construction Insulated Metal
For Sale
$1,390,000
55 Bank Street, Orchard Park, NY 14127
7,800 SF insulated metal building with two separate bays.
Property Size7,800 SF
Price / SF$178.21
Days on Market272
Property Features for 55 Bank Street
General Information
Standard status
Active
Size
7,800 SF
Property subtype
Industrial
Building Details
Building Size
7,800 SF
Year Built
2024
Listing Agency:
HUNT Commercial
(716) 310-0847
Listed By:
Clarke Thrasher · License #30TH0470791
(716) 310-0847
Source:
Huntcommercial
Added: Nov 21, 2025
Changed: Aug 19
Last Checked: Aug 19 at 5:56AM
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
Investment Insights
Based on property information with market context.
This is a new construction property featuring a 7,800 SF insulated metal building. The building is divided into two separate 3,900 SF bays. Each bay includes two 14' overhead grade electric doors and offers a clear span layout with a 16' clear height. Additional features include a floor drain, five transom glass windows, bathrooms, and LED motion detection lighting throughout. The building is equipped with 3-prong power outlets every 10' around the building perimeter and a Space Ray infrared heating system. The property is located on Bank St near Thorn Ave.
Key Highlights
- Brand new construction (2024) 7,800 SF insulated metal building.
- Two separate 3,900 SF bays, offering flexibility and potential for diverse uses.
- Each bay features two 14' overhead grade electric doors for easy access.
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
$44,843
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
3.23%
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%
$896,860
$896.9K
Cap Rate 7%
$640,614
$640.6K
Cap Rate 9%
$498,256
$498.3K
Market Conditions
NOI Build-Up for 7,800 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
$73.9K $9.48/SF
− Vacancy
−$5.0K −$0.64/SF
EGI
$69.0K $8.84/SF
− OpEx
−$24.1K −$3.10/SF
NOI
$44.8K $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 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%
$896,860
Cap Rate 7%
$640,614
Cap Rate 9%
$498,256
Alternative Uses
Best Use
Flex RnD
$640.6K
$560.5K – $747.4K
NOI $44,843 @ 7.0% cap · market cap 3.23%
Second Best
Warehouse
$593.8K
$519.6K – $692.8K
NOI $41,569 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,359 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
704
Businesses Nearby
Balanced
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Scoular Co — 21 Princeton Pl, Orchard Park, NY 14127
- Tracker Storage Facility — 4247 N Buffalo St, Orchard Park, NY 14127
- Southtowns Business Centre Inc. — 227 Thorn Ave, Orchard Park, NY 14127
- Life Storage — 6010 Big Tree Rd, Orchard Park, NY 14127
Frequently Asked Questions
What type of property is this?
Warehouse - 7,800 SF insulated metal building with two separate bays.
Where is this warehouse located?
The property is located at 55 Bank Street Orchard Park, NY.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Brand new construction (2024) 7,800 SF insulated metal building.; Two separate 3,900 SF bays, offering flexibility and potential for diverse uses.; Each bay features two 14' overhead grade electric doors for easy access.
