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Park Model Residential Property
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8248 Griswold Lot 83, Akron, NY 14001

Park model home with a private bedroom, open living areas, and a covered porch for outdoor use.

Property Size400 SF
Days on Market47

Property Features for 8248 Griswold Lot 83

General Information

Standard status Active
Size 400 SF
Property subtype Land

Building Details

Building Size 400 SF
Year Built 1994
Stories 1
Listing Agency: Howard Hanna WNY Inc.
Listed By: Bonneta Nobles
Source: Elliman
Added: Sep 20 Changed: Nov 1 Last Checked: Nov 4 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 Howard Hanna WNY Inc.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 1994-built park model home is located at Woodside Camp Ground and includes a private primary bedroom, a compact kitchen, dining area, and living room arranged in an open layout. The living room can be converted into an additional sleeping area, adding flexibility to the interior configuration.

A covered front porch extends the usable space for dining, relaxation, or entertaining. The lot also features established landscaping, creating a finished outdoor setting around the home. The property is identified as a residential income property and is located at 8248 Griswold Lot 83 in Arkwright, NY.

Key Highlights

  • 1994‑built park model home at Woodside Camp Ground
  • Private primary bedroom
  • Open kitchen, dining, and living room arrangement

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$2,309
Suggested Prices Based on Cap Rates
Cap Rate 5%
$46,180 $46.2K
Cap Rate 7%
$32,986 $33.0K
Cap Rate 9%
$25,656 $25.7K
Market Conditions
NOI Build-Up for 400 SF
Gross rent
$6.5K $16.20/SF
− Vacancy
−$2.3K −$5.70/SF
EGI
$4.2K $10.50/SF
− OpEx
−$1.9K −$4.72/SF
NOI
$2.3K $5.77/SF
Area
Erie County, NY
Vacancy
35.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$46,180
Cap Rate 7%
$32,986
Cap Rate 9%
$25,656

Alternative Uses

Best Use
Apartment 5plus
$33.0K
$28.9K – $38.5K (±1% cap)
NOI $2,309 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$87.4K
$76.5K – $102.0K (±1% cap)
NOI $6,121 @ 7.0% cap · market cap 20.75%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Location Intelligence

Trade Area within ½ mile

9
Businesses Nearby

Demographics for 14001, NY

9,482
Population
4,477
Households
2.1
Avg Household Size
47
Median Age
26%
College-Educated
91%
High-School Grad
64.5 sq mi
ZIP Area
147
Density / Sq Mi
$73,786
Median Household Income
$46,220
Median Earnings
$744
Median Rent
$221,000
Median Home Value

Frequently Asked Questions

What type of property is this?
Residential income property - Park model home with a private bedroom, open living areas, and a covered porch for outdoor use.
Where is this residential income property located?
The property is located at 8248 Griswold Lot 83 Akron, NY.
What are key features of this property?
This property features: 1994‑built park model home at Woodside Camp Ground; Private primary bedroom; Open kitchen, dining, and living room arrangement
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Includes: Price & PSF · Cap rate · Location · Zoning

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