Mixed-Use Property on South
For Sale
Contact for pricing
5727 South Park Ave, Hamburg, NY 14075
15,500 SF high bay with retail/office space.
Property Size22,500 SF
Lot Size1.30 Acres
Price / SF$75.56
Days on Market165
Property Features for 5727 South Park Ave
General Information
Standard status
Active
Size
22,500 SF
Lot size
1.30 Acres
Property subtype
Retail, Industrial
Zoning
C-2 General Commercial
Building Details
Year Built
1957
Listing Agency:
Hanna Commercial Real Estate Buffalo
(716) 856-7107
Listed By:
David Doerr · License #NY 10301218669
Source:
Crexi
Added: Mar 9
Changed: Aug 8
Last Checked: Aug 8 at 3:13PM
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 Hanna Commercial Real Estate Buffalo
Investment Insights
Based on property information with market context.
This mixed-use property features 15,500 square feet of high bay space with an 18.6-foot clearance, along with 7,000 square feet of retail, office, and counter area. Constructed with brick and a metal high bay addition in 1995, the property includes three grade-level doors and three-phase power. Situated on a 1.3-acre site with 200 feet of frontage on South Park Avenue, the property is zoned C-2 General Commercial and is located at the corner of Quinby Drive near the Fairgrounds. The property is in excellent condition and offers good visibility.
Key Highlights
- Fantastic location with good visibility on South Park Ave.
- 15,500 Sq. Ft. High Bay (18.6 ft.)
- Zoned C‑2 General Commercial
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
$119,909
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
7.05%
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%
$2,398,180
$2.4M
Cap Rate 7%
$1,712,986
$1.7M
Cap Rate 9%
$1,332,322
$1.3M
Market Conditions
NOI Build-Up for 22,500 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
$151.2K $6.72/SF
− Vacancy
−$10.1K −$0.45/SF
EGI
$141.1K $6.27/SF
− OpEx
−$21.2K −$0.94/SF
NOI
$119.9K $5.33/SF
Area
Erie County, NY
Vacancy
6.70%
Lease Rate
$6.72 /SF/Yr
Expense Ratio
15.00%
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%
$2,398,180
Cap Rate 7%
$1,712,986
Cap Rate 9%
$1,332,322
Alternative Uses
Best Use
Office B
$4.03M
$3.52M – $4.70M
NOI $281,941 @ 7.0% cap · market cap 16.58%
Second Best
Mixed Use
$3.02M
$2.64M – $3.52M
NOI $211,359 @ 7.0% cap · market cap 12.43%
Theoretical Best
Office A
$4.92M
$4.30M – $5.74M
NOI $344,304 @ 7.0% cap · market cap 20.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
215
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 15,500 SF high bay with retail/office space.
Where is this mixed-use property located?
The property is located at 5727 South Park Ave Hamburg, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Fantastic location with good visibility on South Park Ave.; 15,500 Sq. Ft. **High Bay (18.6 ft.)**; Zoned C‑2 General Commercial
