Warehouse with Overhead
For Sale
Contact for pricing
609 Indian Church Road, West Seneca, NY 14224
Industrial-zoned warehouse with crane equipment, office areas, an apartment, and a separate cold storage building.
Property Size25,300 SF
Price / SF$81.03
Days on Market169
Property Features for 609 Indian Church Road
General Information
Standard status
Active
Size
25,300 SF
Class
B
Property subtype
Office, Industrial
Zoning
Industrial
Additional Details
Cold Storage
Yes
Building Details
Year Built
1970
Year Renovated
2019
Buildings
3
Units
20
Listing Agency:
Prime Real Property Services
Listed By:
Michael Kaderabeck · License #NY 10491212389
Source:
Crexi
Added: May 1
Changed: Oct 10
Last Checked: Oct 14 at 11:24PM
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 Prime Real Property Services
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Investment Insights
Based on property information with market context.
This 25,300-square-foot warehouse was built in 1970 and is situated on an Industrial-zoned property. The building offers 18'+ of clear ceiling height, along with included overhead and jib cranes. Office space and an apartment are incorporated into the facility, supporting a combination of operational and administrative functions.
A separate cold storage building adds refrigerated storage capability to the property. Ample power is available on site for manufacturing operations. The facility is located at 609 Indian Church Road in West Seneca, NY 14224.
A separate cold storage building adds refrigerated storage capability to the property. Ample power is available on site for manufacturing operations. The facility is located at 609 Indian Church Road in West Seneca, NY 14224.
Key Highlights
- 25,300 SF warehouse built in 1970
- 18'+ of clear ceiling height
- Included overhead and jib cranes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,526
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,670,520
$3.7M
Cap Rate 7%
$2,621,800
$2.6M
Cap Rate 9%
$2,039,178
$2.0M
Market Conditions
NOI Build-Up for 25,300 SF
Gross rent
$303.6K $12.00/SF
− Vacancy
−$21.3K −$0.84/SF
EGI
$282.3K $11.16/SF
− OpEx
−$98.8K −$3.91/SF
NOI
$183.5K $7.25/SF
Area
Buffalo, NY
Vacancy
7.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,670,520
Cap Rate 7%
$2,621,800
Cap Rate 9%
$2,039,178
Alternative Uses
Best Use
Warehouse
$3.07M
$2.69M – $3.59M
NOI $215,183 @ 7.0% cap · market cap 10.50%
Second Best
Flex RnD
$2.62M
$2.29M – $3.06M
NOI $183,526 @ 7.0% cap · market cap 8.95%
Theoretical Best
Office A
$6.08M
$5.32M – $7.10M
NOI $425,890 @ 7.0% cap · market cap 20.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14224, NY
40,736
Population
19,286
Households
2.1
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
2,017
Density / Sq Mi
$76,250
Median Household Income
$49,824
Median Earnings
$1,077
Median Rent
$219,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial-zoned warehouse with crane equipment, office areas, an apartment, and a separate cold storage building.
Where is this warehouse located?
The property is located at 609 Indian Church Road West Seneca, NY.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 25,300 SF warehouse built in 1970; 18'+ of clear ceiling height; Included overhead and jib cranes
