Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Hamburg Office/Retail/Restaurant Building For Lease Title is generated by Realmo AI

    4885 Southwestern Blvd, Hamburg, NY 14075

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    24,618+/- SF building ideal for office, retail, or restaurant.

    Type:Office
    Property size:
    24,618 SF
    Lot size:
    2.76 Acres
    Added:
    Jun 26, 2023
    Days on Market:
    1074
    Last Refresh:
    May 12 at 10:00 pm

    Property Features for 4885 Southwestern Blvd

    General Information

    Standard status
    Active
    Size
    24,618 SF
    Lot size
    2.76 Acres
    Property subtype
    Office

    Building Details

    Year Built
    1997

    Spaces For Lease

    at 4885 Southwestern Blvd Contact us

    We can help!

    Listing Contact
    Rick Recckio

    Listing agent Rick Recckio License #NY 31RE0821429

    Listing office Recckio Real Estate and Development Williamsville

    Listing date Jun 26, 2023

    Source Crexi

    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 Recckio Real Estate and Development Williamsville

    HighLights

    • 24,618+/- SF building suitable for office, retail, or restaurant uses.
    • Located on Southwestern Boulevard in Hamburg with ideal access from a traffic signal and close proximity to New York State Thruway I‑90 Exit 57.
    • Ample paved parking with 200+/- spaces.
    • Large 18,000+/- SF first floor with 24+/- ft ceiling heights.
    • Bonus 4,378+/- SF basement with 10' ceiling heights.
    • Situated on 2.76+/- acres of land.

    Overview

    This 24,618+/- square foot building, situated on 2.76+/- acres on Southwestern Boulevard in Hamburg, is available for lease. The two-story building is suitable for office, retail, or restaurant uses. The first floor provides approximately 18,000+/- square feet with 24+/- foot ceiling heights. The second floor includes three private offices, a conference room, and one bathroom, totaling 2,240+/- square feet. A 4,378+/- square foot basement offers additional space with 10-foot ceiling heights. The property has been well maintained and includes ample paved parking for 200+/- spaces. The property benefits from access via a traffic signal and proximity to the New York State Thruway I-90 Exit 57 on Camp Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Earth-Spirit Expo Exhibit Michael's Catering and Banquets Take-out & Catering

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hamburg
    County
    Erie
    State
    New York
    Longitude
    -78.845945
    Latitude
    42.7533063

    Nearby Similar for Lease

    • $2,200/Mo
      7,038 SF

      Hamburg Office Space For Lease

      Second-floor commercial suite in Hamburg, NY, suitable for various uses.
      4433 Southwestern Boulevard, Hamburg, NY 14075
      View Details
    • $1,700,000 SF/Yr
      15,500 SF

      High Bay Retail/Office Space

      15,500 SF high bay with 7,000 SF retail/office.
      5727 South Park, Hamburg, NY 14075
      View Details
    • $18 SF/Yr
      16,194 SF

      Premier Medical Office Suites Available

      Two Class-A office suites in Lakeshore Medical Park, Hamburg, NY.
      4901 Camp Rd, Hamburg, NY 14075
      View Details
    • Contact for pricing
      24,618 SF

      Hamburg Office/Retail Building For Lease

      24,618 SF building ideal for office, retail, or restaurant.
      4885 Southwestern Blvd., Hamburg, NY 14075
      View Details
    • Contact for pricing
      5,100 SF

      Hamburg Office Building For Rent

      Freestanding office building in Hamburg, ideal for various businesses.
      485 Sunset Drive, Hamburg, NY 14075
      View Details
    • $25 SF/Yr
      1,000 SF

      Prime Retail Space in Hamburg

      Atrium retail space in high-traffic, amenity-rich Hamburg Village.
      1-7 Buffalo St, Hamburg, NY
      View Details
    • Contact for pricing
      11,000 SF

      Professional Office Space For Rent

      Office space ranging from 800 to 11,000 square feet.
      5811 South Park Avenue, Hamburg, NY 14075
      View Details
    • Contact for pricing
      129,230 SF

      Industrial Manufacturing Building on 53 Acres

      25,000 SF manufacturing building on 53.99 acres for rent.
      5690 Camp Road, Hamburg, NY 14075
      View Details
    • Contact for pricing
      8,800 SF

      Industrial Complex Truck Repair Garage

      8,800 SF truck repair garage in industrial complex for rent.
      5690 Camp Road, Hamburg, NY 14075
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space Available For Lease

      2,500 SF retail space available on McKinley Pkwy.
      3560 McKinley Pkwy, Hamburg, NY 14075
      View Details
    • Contact for pricing

      High-Traffic End Cap Retail Space

      Thriving plaza retail space in historic Hamburg, easily accessible.
      5440 - 5470 Camp Road, Hamburg, NY 14075
      View Details
    • Contact for pricing
      1,780 SF

      Office Suite in Abbott Commerce

      1,780 SF office suite available for sublease.
      3176 Abbott Rd, Hamburg, NY
      View Details

    FAQs

    What type of property is this?
    Office building - 24,618+/- SF building ideal for office, retail, or restaurant.
    Where is this office building located?
    The property is located at 4885 Southwestern Blvd Hamburg, NY.
    What are key features of this property?
    This property features: 24,618+/- SF building suitable for office, retail, or restaurant uses.; Located on Southwestern Boulevard in Hamburg with ideal access from a traffic signal and close proximity to New York State Thruway I‑90 Exit 57.; Ample paved parking with 200+/- spaces.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rick Recckio
    Real Estate License ID: NY 31RE0821429
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4885 Southwestern Blvd, Hamburg, NY 14075
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!