Freestanding Warehouse/Retail Space on Route
For Sale
Contact for pricing
4632 Lake Shore Road, Hamburg, NY 14075
Renovated warehouse/retail space in Hamburg on Route 5.
Property Size3,300 SF
Price / SF$98.48
Days on Market1320
Property Features for 4632 Lake Shore Road
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Retail
Investment Type
Owner/User
Building Details
Year Built
1959
Year Renovated
2021
Buildings
1
Stories
1
Listing Agency:
HUNT Commercial
(716) 880-1917
Listed By:
Heidi Nuessle · License #NY 10301212311
Source:
Crexi
Added: Jan 20, 2023
Changed: Aug 8
Last Checked: Sep 1 at 3:53AM
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 single-story, freestanding garage, warehouse, and industrial space constructed of brick and concrete. The property has been newly renovated and is located in Hamburg on a busy section of Route 5. On-site parking is available. This property presents an opportunity for an owner/user in retail, motor services, light industrial, or warehousing. The property is 3300 square feet and is located on Route 5 in Hamburg.
Key Highlights
- Newly renovated, single‑story, freestanding building.
- Located on a busy section of Route 5 in Hamburg.
- Suitable for retail, motor services, light industrial, or warehouse use.
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
$29,671
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
9.13%
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%
$593,420
$593.4K
Cap Rate 7%
$423,871
$423.9K
Cap Rate 9%
$329,678
$329.7K
Market Conditions
NOI Build-Up for 3,300 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
$47.5K $14.40/SF
− Vacancy
−$5.1K −$1.56/SF
EGI
$42.4K $12.84/SF
− OpEx
−$12.7K −$3.85/SF
NOI
$29.7K $8.99/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$593,420
Cap Rate 7%
$423,871
Cap Rate 9%
$329,678
Alternative Uses
Best Use
Retail
$423.9K
$370.9K – $494.5K
NOI $29,671 @ 7.0% cap · market cap 9.13%
Second Best
Warehouse
$251.2K
$219.8K – $293.1K
NOI $17,587 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$721.4K
$631.2K – $841.6K
NOI $50,498 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Renovated warehouse/retail space in Hamburg on Route 5.
Where is this warehouse located?
The property is located at 4632 Lake Shore Road Hamburg, NY.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Newly renovated, single‑story, freestanding building.; Located on a busy section of Route 5 in Hamburg.; Suitable for retail, motor services, light industrial, or warehouse use.
