Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Building Opportunity Title is generated by Realmo AI

    3633 Commerce Place, Hamburg, NY 14075

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Prime medical office space with high visibility in Hamburg, NY.

    Type:Office
    Added:
    Sep 20, 2023
    Days on Market:
    987
    Last Refresh:
    May 12 at 9:49 pm

    Property Features for 3633 Commerce Place

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1980

    Spaces For Lease

    at 3633 Commerce Place Contact us

    3633 Commerce Place $19/Mo

    Size
    4,479 SF
    Type
    Office
    Lease Rate: $19.00 SF/yr (MG)rnLease Term: TBD
    Contact us

    We can help!

    Listing Contact
    Sean Oliver

    Listing agent Sean Oliver License #NY

    Listing office HUNT Commercial

    Listing date Sep 20, 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 HUNT Commercial

    HighLights

    • Prime location directly off I‑90 and Camp Road (NYS Route 75).
    • Built‑out, second‑generation medical office space.
    • High visibility from Camp Road.
    • 16 car parking spaces.
    • Situated between Southwestern Blvd and South Park Ave.
    • Surrounded by hotel options and a small office park.

    Overview

    This is a prime opportunity for a medical office building located directly off I-90 and Camp Road / NYS Route 75, situated between Southwestern Blvd and South Park Ave in Hamburg, NY. The property features 16 carparks and benefits from great visibility from Camp Road. It is surrounded by hotel options and a small office park. This is a second-generation, built-out medical office space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Jeon H. ... Physician

    Suggested Use

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

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

    Similar Places Nearby

    • Camp Road Animal Clinic — 5576 Camp Rd, Hamburg, NY 14075
    • Adoring Pets Vet Health Center — 484 Sunset Dr, Hamburg, NY 14075

    Location Insight

    • Map
    • Local Demand
    City
    Hamburg
    County
    Erie
    State
    New York
    Longitude
    -78.8500954
    Latitude
    42.7405967

    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?
    Medical Office Space - Prime medical office space with high visibility in Hamburg, NY.
    Where is this medical office space located?
    The property is located at 3633 Commerce Place Hamburg, NY.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Prime location directly off I‑90 and Camp Road (NYS Route 75).; Built‑out, second‑generation medical office space.; High visibility from Camp Road.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Sean Oliver
    Real Estate License ID: NY
    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
    3633 Commerce Place, 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!