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    3679 Commerce Pl Hamburg, NY 14075

    Sponsored
    For Sale
    $1,350,000

    Established Restaurant, High Visibility, Ample Parking

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional turnkey restaurant opportunity is located at 3679 Commerce Pl, Hamburg, NY 14075. The freestanding building, constructed in 1992 and extensively renovated in 2020, boasts 6,000 square feet of well-appointed space. Its prime location offers excellent visibility and signage directly off the New York State Thruway, ensuring high traffic exposure. The property benefits from its proximity to busy hotels, further enhancing its visibility and customer base. Currently operating as a successful restaurant, this property presents a fantastic opportunity for either a local operator seeking an established business or a franchise/chain looking to expand into a high-traffic area. Ample on-site parking is available, accommodating over 100 vehicles, ensuring convenience for patrons. The single-story building is situated in Erie County and offers a compelling investment opportunity priced at $1,350,000. This is a rare chance to acquire a thriving restaurant business in a highly desirable location with significant growth potential. The property's strong performance history and prime location make it an attractive investment for discerning buyers.

    Property Features for 3679 Commerce Pl

    General Information

    Property type
    Restaurants

    Building Details

    Year Built/Renovated
    1992/2020
    Buildings
    1
    Stories
    1

    HighLights

    • $1,350,000 asking price for this retail property.
    • 6,000 sq ft freestanding building in Hamburg, NY.
    • Built in 1992, renovated in 2020.
    • High‑visibility location off the NYS Thruway, near hotels.
    • Currently operating as a successful restaurant; turnkey operation.
    • Ample on‑site parking (100+ spaces).
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterstone Grill Steak House

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamburg
    County
    Erie
    State
    New York
    Longitude
    -78.84785
    Latitude
    42.74099134

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, High Visibility, Ample Parking
    Where is this restaurant located?
    The property is located at 3679 Commerce Pl Hamburg, NY.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: $1,350,000 asking price for this retail property.; 6,000 sq ft freestanding building in Hamburg, NY.; Built in 1992, renovated in 2020.
    Request Owner's contact information
    3679 Commerce Pl Hamburg, NY 14075
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    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.

    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
    3679 Commerce Pl Hamburg, NY 14075
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