Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    12 Main St, Unit ART7 Hamburg, NY 14075-4916

    • Showrooms
    • 11,524 SF
    • 0.35 lot acres
    OFF-MARKET
    Last Sale
    Dec 05, 2023
    $1,159,000
    Value Estimations
    $1,180,000
    Show details
    Cap Rate Potential
    9%
    Showrooms
    Location Intelligence
    Property ID
    US63-0528002
    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

    • SPoT Coffee / Cafe / Vegetarian Restaurant
    • Eric's Cycle Works / Bicycle Shop / Skate Shop
    • Salon Savvi / Beauty Salon

    Property Details for 12 Main St

    Year built
    1872
    Lot size
    0.35 lot acres
    Property size
    11,524 SF
    Zone code
    CBD
    Property type
    Showrooms
    APN
    144803 196.09-6-19.1
    APU
    144803196096191

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,205,000
      ML approach
      $1,190,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,604,000
      Market price range: $601k - $1.60M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,160,000
      Current use
      RETAIL STORES
      $1,675,000
      Change: +45% Conversion: Easy
      RESTAURANT
      $1,575,000
      Change: +36% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,560,000
      Change: +35% Conversion: Difficult
      OFFICE BUILDING
      $1,345,000
      Change: +16% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,160,000
      Change: +0% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hamburg
    County
    Erie
    State
    New York
    Longitude
    -78.8299
    Latitude
    42.7155
    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
    $42,700
    $570,300
    $613,000
    -
    $133,437
    $1,782,188
    $1,915,625

    Comparable in this City

    • Value Estimation
      $8,660,000
      131,518 SF

      4255 Mckinley Pkwy

      SHOW ROOM, WAREHOUSE • 131,518 SF
      4255 Mckinley Pkwy, Hamburg, NY 14075-1052
      View Details
    • Value Estimation
      $695,000
      7,384 SF

      266 Buffalo St

      SHOW ROOM, WAREHOUSE • 7,384 SF
      266 Buffalo St, Hamburg, NY 14075-5159
      View Details
    • Value Estimation
      $5,350,000
      80,606 SF

      4950 Cp Rd

      SHOW ROOM, WAREHOUSE • 80,606 SF
      4950 Cp Rd, Hamburg, NY 14075-2617
      View Details
    • Value Estimation
      $1,490,000
      21,500 SF

      113 Elmview Ave

      SHOW ROOM, WAREHOUSE • 21,500 SF
      113 Elmview Ave, Hamburg, NY 14075-3779
      View Details
    • Value Estimation
      $1,145,000
      15,048 SF

      5640 Maelou Dr

      SHOW ROOM, WAREHOUSE • 15,048 SF
      5640 Maelou Dr, Hamburg, NY 14075-3712
      View Details
    • Value Estimation by Request
      8,600 SF

      3720 Park Sq

      SHOW ROOM, WAREHOUSE • 8,600 SF
      3720 Park Sq, Hamburg, NY 14075-7500
      View Details

    Similar Nearby for Sale

    • New
      $325,000
      939 SF

      Turn-Key Commercial Opportunity in Hamburg

      Well-maintained commercial space in the heart of Hamburg, NY.
      133 Pine St, Hamburg, NY 14075
      View Details
    • $139,900
      0.65 Acres

      Prime Commercial Corner Lot

      0.65-acre commercial lot in high-demand Hamburg location.
      6117 South Park Ave, Hamburg, NY 14075
      View Details
    • $325,000
      3,300 SF

      Lake Shore Road Warehouse - Hamburg, NY

      3,300 SF Warehouse, Newly Renovated
      4632 Lake Shore Rd, Hamburg, NY 14075
      View Details
    • $1,250,000
      5,460 SF

      Redevelopment Opportunity on Camp Road

      5,460 SF former bank branch on 2.4 acres.
      5469 Camp Rd, Hamburg, NY 14075
      View Details
    • $300,000
      2,850 SF

      Pizzeria and Convenience Store Opportunity

      Established pizzeria and convenience store with real estate for sale.
      5946 Lake Shore Rd, Hamburg, NY 14075
      View Details
    • $115,000
      1,305 SF

      Retail Property Near Hamburg Fairgrounds

      Retail property featuring a display cooler, freezer, and shelving.
      5673 Mckinley Pkwy, Hamburg, NY 14075
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      8,400 SF

      Prime Retail Building in Hamburg

      Versatile 8,400 SF retail space in high-traffic location.
      358 Buffalo St, Hamburg, NY 14075
      View Details
    • Contact for pricing

      Retail Space Near Tim Hortons

      Retail space available adjacent to Tim Hortons with ample parking.
      6550 Southwestern Blvd, 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 14075
      View Details
    • Contact for pricing
      25,020 SF

      Hamburg Retail Space For Lease

      Retail spaces available in Hamburg, NY with high visibility.
      5120 Camp Rd, Hamburg, NY 14075
      View Details
    • Contact for pricing
      5,518 SF

      Hamburg Retail Space For Rent

      Prime retail space in a vibrant shopping center.
      140 Pine St, Hamburg, NY 14075
      View Details
    • Contact for pricing

      Retail/Office Space For Lease

      2,400 sq ft space ideal for retail or office.
      4501 Southwestern Blvd, Hamburg, NY 14075
      View Details
    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.
    12 Main St, Unit ART7
    Hamburg, NY 14075-4916
    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

    Google sign-in failed. Please try again or use another login method.