Add Listing
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

    120 Elmview Ave Hamburg, NY 14075-3756

    • Manufacturing properties
    • 43,202 SF
    • 4.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,465,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2234239
    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

    • Quo Vadis Editions Inc / Industrial Manufacturer

    Property Details for 120 Elmview Ave

    Year built
    1982
    Lot size
    4.00 lot acres
    Property size
    43,202 SF
    Property type
    Manufacturing properties
    APN
    144803 182.16-3-24
    APU
    14480318216324

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,603,000
      Market price range: $642k - $2.52M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,500,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamburg
    County
    Erie
    State
    New York
    Longitude
    -78.8413
    Latitude
    42.7322
    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
    $160,000
    $546,000
    $706,000
    -
    $500,000
    $1,706,250
    $2,206,250

    Comparable in this City

    • Value Estimation
      $720,000
      16,130 SF

      6553 Boston State Rd

      MANUFACTURING (LIGHT) • 16,130 SF
      6553 Boston State Rd, Hamburg, NY 14075-6630
      View Details
    • Value Estimation
      $815,000
      22,329 SF

      3530 Lakeview Rd

      MANUFACTURING (LIGHT) • 22,329 SF
      3530 Lakeview Rd, Hamburg, NY 14075-6160
      View Details
    • Value Estimation by Request
      0.96 Acres

      2 Staub Dr

      MANUFACTURING (LIGHT) • 0.96 Acres
      2 Staub Dr, Hamburg, NY 14075-3776
      View Details
    • Value Estimation
      $980,000
      26,116 SF

      1 Elmview Ave

      MANUFACTURING (LIGHT) • 26,116 SF
      1 Elmview Ave, Hamburg, NY 14075-3761
      View Details
    • Value Estimation
      $575,000
      60,280 SF

      250 Lk St

      MANUFACTURING (LIGHT) • 60,280 SF
      250 Lk St, Hamburg, NY 14075-4418
      View Details
    • Value Estimation by Request
      13,400 SF

      5225 Southwestern Blvd

      MANUFACTURING (LIGHT) • 13,400 SF
      5225 Southwestern Blvd, Hamburg, NY 14075-3524
      View Details

    Similar Nearby for Sale

    • $325,000
      3,300 SF

      Freestanding Garage/Warehouse on Route 5

      Renovated garage/warehouse on Route 5, Hamburg. On-site parking.
      4632 Lake Shore Rd, 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
    • $1,600,000

      Prime Land on Southwestern Boulevard

      High-visibility land with easy thruway access on Southwestern Boulevard.
      4837 Southwestern Blvd, Hamburg, NY 14075
      View Details
    • $379,000

      Vacant Land Near McKinley Mall

      0.96 acre vacant land parcel zoned for general business.
      4035 Mckinley Pkwy, Hamburg, NY 14075
      View Details
    • $99,900
      0.95 Acres

      Hamburg, NY Building Lot

      Rare Village of Hamburg building lot, close to amenities.
      V/L Sunset Dr, Hamburg, NY 14075
      View Details
    • $250,000

      Adaptable Building on Corner Lot

      Structurally sound 1200 SF building ready for adaptive reuse.
      69 Buffalo St, Hamburg, NY 14075
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,000 SF

      Manufacturing Space with Crane Access

      Manufacturing space featuring crane access and outside storage.
      2025 Electric Ave, Hamburg, NY 14075
      View Details
    • Contact for pricing
      129,230 SF

      Erie County Industrial Campus

      53+ Acres, 17 Buildings, Great Access
      5690 Camp Rd, Hamburg, NY 14075
      View Details
    • $7 SF/Yr
      22,500 SF

      High Bay Commercial Space Available

      22,500 SF commercial space with high bay and retail/office.
      5727 S Park Ave, Hamburg, NY 14075
      View Details
    • $4 SF/Yr
      65,000 SF

      Hamburg Industrial Cold Storage Facility

      65,000 SF Warehouse, 48,000 SF Available
      5225 Southwestern Blvd, Hamburg, NY 14075
      View Details
    • Contact for pricing

      Garage/Storage or Warehouse Space

      6750 SF garage/storage or warehouse space for rent.
      4751 Southwestern Blvd, Hamburg, NY 14075
      View Details
    • $25 SF/Yr
      15,015 SF

      Prime Corner Retail Space Available

      High-visibility corner retail space in the heart of Hamburg.
      7 Buffalo St, 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.
    120 Elmview Ave
    Hamburg, NY 14075-3756
    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.
    Sign Up Successful!
    You now have access to more from Realmo!