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    954 Ridge Rd Lackawanna, NY 14218

    • Retail space
    • 5,500 SF
    • 0.85 lot acres
    For Lease
    View listing
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US63-1244661
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Halleez: The Ultimate Sweet Spot / Dessert Shop
    • Dancyn Inc / Night Club

    Property Details for 954 Ridge Rd

    Year built
    2007
    Lot size
    0.85 lot acres
    Property size
    5,500 SF
    Zone code
    NC
    Property type
    Retail space
    APN
    140900 142.32-2-6.2
    APU
    14090014232262

    Description

    This exceptional 5,563 square foot retail property located at 954 Ridge Rd, Lackawanna, NY 14218, presents a unique investment opportunity. Currently configured as a multi-tenant strip center, this property offers 4,164 square feet of immediately available space. The building sits on a 0.64-acre lot and provides 35 convenient parking spaces for customers and employees. Its prime location ensures high visibility and easy access for customers, making it ideal for a variety of retail businesses. The property boasts a well-maintained exterior with expansive windows, creating excellent curb appeal and showcasing the spacious interior. The existing layout offers flexibility for customization to suit individual business needs. Its strategic location in Lackawanna, NY offers convenient access to major roadways, connecting your business to a wider customer base within a thriving local community. This property represents a rare chance to establish or expand your business in a highly desirable and accessible location, poised for significant growth and success. The ample parking and high visibility make this an attractive option for businesses seeking a strong presence in the Lackawanna market. Don't miss this opportunity to secure a prime retail space in a vibrant community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $305,000
      6.5%
      $330,000
      7%
      $285,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $340,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $330,000
      Mixed-Use
      $275,000
      Hospitality
      $340,000
      Educational
      $320,000
      Residential Income
      $345,000
      Energy
      $295,000
      Income-Based Land
      $345,000
      Food Service
      $275,000

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8162
    Latitude
    42.8278
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $100,100
    $317,900
    $418,000
    -
    $126,706
    $402,394
    $529,100

    Comparable in this City

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      121 Rdg Rd

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    • Value Estimation
      $295,000
      5,900 SF

      321 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,900 SF
      321 Rdg Rd, Buffalo, NY 14218-1228
      View Details
    • Value Estimation
      $365,000
      34,597 SF

      174 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 34,597 SF
      174 Rdg Rd, Buffalo, NY 14218-1128
      View Details
    • Value Estimation by Request
      1,365 SF

      162 Wilkesbarre St

      RETAIL STORES (PERSONAL SERVICES) • 1,365 SF
      162 Wilkesbarre St, Buffalo, NY 14218-1148
      View Details
    • Value Estimation by Request
      1,720 SF

      1189 Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,720 SF
      1189 Rdg Rd, Buffalo, NY 14218-1816
      View Details

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      Lackawanna Retail Space For Lease

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      954 Ridge Rd, Lackawanna, NY 14218
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    954 Ridge Rd
    Lackawanna, NY 14218
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    Realmo Value Estimation

    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.

    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
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