Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Walden Ave And Wende Rd Alden, NY 14004

    Sponsored
    For Sale
    $44,900

    2.5-acre R-3 zoned lot, great development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional 2.5-acre commercial land parcel presents a compelling investment opportunity in Alden, New York. Ideally situated at the intersection of Walden Avenue and Wende Road, this property boasts significant frontage along Walden Avenue, measuring approximately 100 feet wide by 1100 feet deep. The lot is zoned R-3, offering a wide range of potential development uses. Priced at $44,900, this translates to a land value of $0.41 per square foot. The property's location in Erie County, New York, with a zip code of 14004, provides convenient access to local amenities and transportation routes. Given its size and zoning, this parcel is well-suited for a variety of commercial ventures, making it an attractive prospect for developers and investors seeking a prime location in a growing area. The expansive lot dimensions provide ample space for substantial projects, while the strategic location ensures high visibility and accessibility. This is a rare opportunity to acquire a significant land holding in a desirable location. Detailed site plans and further information are available upon request. Don't miss this chance to secure this valuable asset.

    Property Features for 0 Walden Ave And Wende Rd

    General Information

    Property type
    Land
    Lot Size
    108,900 SF

    HighLights

    • 2.5‑acre parcel.
    • Excellent development potential.
    • 100' frontage, 1100' depth.
    • Inquire for specifics.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Alden
    County
    Erie
    State
    New York
    Longitude
    -78.5484282
    Latitude
    42.9359328

    Nearby Comparable

    • $149,900

      Commercial Land in Alden

      2+/- acre commercial land with utilities in Alden, NY.
      11679 Genesee St, Alden, NY 14004
      View Details
    • Contact for pricing

      Commercially Zoned Vacant Land

      3.7 acres of commercially zoned land in Alden, NY.
      12165 Walden Ave, Alden, NY 14004
      View Details
    • Contact for pricing

      Alden Industrial Land Opportunity

      27.5 acre industrial land with development approvals.
      11156 Walden Ave, Alden, NY 14004
      View Details
    • $295,000
      46.60 Acres

      Alden, NY: 46 Acres Commercial Land

      Prime Alden acreage, multi-use potential.
      0 Genesee St, Alden, NY 14004
      View Details
    • $295,000
      46 SF

      Undeveloped Land on Genesee Street

      Two parcels totaling 46+ acres of undeveloped land.
      Genesee St, Alden, NY 14004
      View Details
    • $150,000
      4 SF

      Commercial Land on Genesee Street

      4.3 acres of vacant land suitable for various commercial uses.
      Genesee St, Alden, NY 14004
      View Details
    • $1,600,000
      20.00 Acres

      Walden Ave Industrial Land

      20 Acres, Prime Lancaster Location
      4647 Walden Ave, Lancaster, NY 14086
      View Details
    • Contact for pricing
      35.00 Acres

      Alden, NY Commercial Land - 35 Acres

      Prime Alden land, ideal for development. Light industrial zoning.
      2313 Town Line Rd, Alden, NY 14004
      View Details
    • $49,000

      35 Acres Commercial Land Available

      35 acres of commercial land suitable for retail, industrial, office.
      2313 Town Line Rd, Alden, NY 14004
      View Details
    • Contact for pricing

      Lancaster Vacant Commercial Land

      Vacant commercial land in Lancaster, NY, approximately 3.67 acres.
      1152 Town Line Rd, Lancaster, NY 14051
      View Details
    • $329,900

      Alden Multifamily Property for Sale

      Multifamily property available in Alden, NY.
      2151 Sandridge Rd, Alden, NY 14004
      View Details

    Nearby Similar for Sale

    • $1,100,000
      9,100 SF

      Versatile Retail Building For Sale

      9,100 SF retail space on 1.59 acres.
      13492 Broadway St, Alden, NY 14004
      View Details
    • $300,000
      1,800 SF

      1,500 SF Commercial Property

      1,500 SF commercial property on 75 acres for sale.
      11625 Broadway St, Alden, NY 14004
      View Details
    • $329,900

      Alden Multifamily Property for Sale

      Multifamily property available in Alden, NY.
      2151 Sandridge Rd, Alden, NY 14004
      View Details
    • $119,000
      1,350 SF

      Alden Commercial Property For Sale

      Two-bay garage with office space on a corner lot.
      11649 Broadway St, Alden, NY 14004
      View Details
    • $300,000
      1,800 SF

      Alden Warehouse: Prime Location

      1,800 SF Warehouse, .75 Acres
      11625 Broadway St, Alden, NY 14004
      View Details

    FAQs

    What type of property is this?
    Land - 2.5-acre R-3 zoned lot, great development potential.
    Where is this land located?
    The property is located at Walden Ave And Wende Rd Alden, NY.
    What is the asking price?
    The asking price for this property is $44,900.
    What are key features of this property?
    This property features: 2.5-acre parcel.; Excellent development potential.; 100' frontage, 1100' depth.
    (716) 834-7777
    Request Owner's contact information
    Walden Ave And Wende Rd Alden, NY 14004
    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.
    Walden Ave And Wende Rd
    Alden, NY 14004
    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
    Walden Ave And Wende Rd Alden, NY 14004
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.