Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    355 Orchard Park Rd West Seneca, NY 14224

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime West Seneca medical office & development land

    Property size:
    93,100 SF

    Property Features for 355 Orchard Park Rd

    General Information

    Property type
    Medical offices
    Square Feet
    93,100 SF
    Lot Size
    2,395,800 SF

    We can help!

    Listing Contact
    Richard J. Schechter
    Richard J. Schechter

    Listing Agency: Cushman & Wakefield Pyramid Brokerage Company Buffalo Listing Agent: Richard J. Schechter

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 55-acre parcel in West Seneca, NY, presents a unique opportunity for regional development. Situated at the intersection of Ridge Road and Slade Avenue, this shovel-ready site boasts convenient access to the NYS Thruway I-90 (exit 55) and NFTA Bus Route 42. Zoned M1, it offers significant potential for various uses, including retail, multifamily, hospitality, and medical/continuing care facilities. The property includes a 93,100 square foot existing medical office building under an Absolute NNN lease, providing immediate income potential. All utilities are available, making this large contiguous parcel ideal for large-scale development. Its strategic location on the US-Canada border places it within a day's drive of 75% of the North American population, ensuring strong market access and potential for significant returns. This is one of Western New York's few remaining premier development sites, offering unparalleled potential for investors seeking a high-impact project. The property address is 355 Orchard Park Rd, Buffalo, NY 14224.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tops Pharmacy Pharmacy Parking Lot near ... Specialty Food Shop CDReload - Online Bitcoin ... Crypto Atm Western Union Bank Redbox Cinema

    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.

    Location Insight

    • Map
    • Local Demand
    City
    West Seneca
    County
    Erie
    State
    New York
    Longitude
    -78.7839792
    Latitude
    42.8328272

    Nearby Similar for Sale

    • $3,000,000
      Pending

      Modern Commercial Property in Orchard Park

      Two-story commercial property with drive-thru, built in 2017.
      3020 Orchard Park Rd, West Seneca, NY 14224
      View Details
    • $324,900
      4,694 SF

      Kaisertown Auto Repair Shop Investment

      Auto repair shop with lease in place for steady income.
      2085 Clinton St, West Seneca, NY 14206
      View Details
    • $925,000
      8,890 SF

      West Seneca Auto Shop Building

      8,890 SF building with 10 overhead doors.
      130 Orchard Park Rd, West Seneca, NY 14224
      View Details
    • $2,394,370
      15,059 SF

      Renovated Dollar General Investment Property

      Newly renovated Dollar General Market investment property with a 10-year lease.
      25 Gardenville Pkwy, West Seneca, NY 14224
      View Details
    • $950,000

      Restaurant Investment Property on Transit

      Fully leased restaurant property on Transit Road with ample parking.
      3100 Transit Rd, West Seneca, NY 14224
      View Details
    • $325,000
      2,135 SF

      Freestanding Building Near Southgate Plaza

      2,135 SF building on 0.62 acres near Route 400.
      4080 Seneca St, West Seneca, NY 14224
      View Details
    • $1,199,900
      6,000 SF

      Union Road Medical Investment Property

      Cash flowing medical property with long-term tenant on Union Road.
      2100 Union Rd, West Seneca, NY 14224
      View Details
    • $299,999
      1,740 SF

      West Seneca Auto Body Shop

      Three-bay auto shop or retail opportunity near Aurora Expressway.
      2976 Seneca St, West Seneca, NY 14224
      View Details
    • Contact for pricing

      West Seneca Former Medical Office

      36,346 SF medical office space for sale/lease.
      130 Empire Dr, West Seneca, NY 14224
      View Details
    • Contact for pricing

      Turn-Key Restaurant Opportunity

      Fully equipped restaurant/bar with expansion potential in West Seneca, NY.
      1492 Southwestern Blvd, West Seneca, NY 14224
      View Details
    • Contact for pricing

      West Seneca Retail Opportunity

      23,466 SF retail space with high ceilings and ample parking.
      3144 Orchard Park Rd, West Seneca, NY 14224
      View Details
    • $2,394,370
      15,059 SF

      Retail Property with Corporate Guaranty

      Retail property with a corporate-guaranteed lease and expansion options.
      25 Gardenville Pkwy, West Seneca, NY 14224
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime West Seneca medical office & development land
    Where is this medical office located?
    The property is located at 355 Orchard Park Rd West Seneca, NY.
    What are key features of this property?
    This property features: Prime regional development site suitable for retail, multifamily, hospitality, and medical/continuing care uses.; Strategic location on the US-Canada border, within a day's drive of 75% of the North American population.; Large, contiguous, shovel-ready parcel with all utilities in place.
    (716) 852-7500 Call to check price and availability
    Request Owner's contact information
    355 Orchard Park Rd West Seneca, NY 14224
    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.
    355 Orchard Park Rd
    West Seneca, NY 14224
    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
    355 Orchard Park Rd West Seneca, NY 14224
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Richard J. Schechter
    Richard J. Schechter
    Real Estate License ID: 30SC0879149
    (716) 852-7500 (716) 316-4040
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!