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

    168 Thorn Ave Orchard Park, NY 14127-2602

    • Manufacturing properties
    • 4,560 SF
    • 0.51 lot acres
    OFF-MARKET
    Last Sale
    Mar 25, 2024
    $638,500
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    3.1%
    Manufacturing properties
    Location Intelligence
    Property ID
    US63-3255263
    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

    • The Pickle Ship / Print Shop / Commercial Printer
    • Graphcon Inc / Electronics Manufacturer

    Property Details for 168 Thorn Ave

    Year built
    1998
    Lot size
    0.51 lot acres
    Property size
    4,560 SF
    Zone code
    B2
    Property type
    Manufacturing properties
    APN
    146089 172.08-4-21
    APU
    14608917208421

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $640,000
      ML approach
      $640,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $660,000
      COMMERCIAL (GENERAL)
      $635,000
      NEIGHBORHOOD: SHOPPING CENTER
      $615,000
      OFFICE BUILDING
      $535,000
      AUTO REPAIR, GARAGE
      $460,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Orchard Park
    County
    Erie
    State
    New York
    Longitude
    -78.7546
    Latitude
    42.7624
    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
    $21,000
    $124,400
    $145,400
    -
    $61,758
    $365,842
    $427,600

    Comparable in this City

    • Value Estimation
      $545,000
      259,893 SF

      3875 California Rd

      MANUFACTURING (LIGHT) • 259,893 SF
      3875 California Rd, Orchard Park, NY 14127-2239
      View Details
    • Value Estimation
      $720,000
      27,425 SF

      5732nd Big Tree Rd

      MANUFACTURING (LIGHT) • 27,425 SF
      5732nd Big Tree Rd, Orchard Park, NY 14127-4104
      View Details
    • Value Estimation
      $295,000
      18,000 SF

      3333 California Rd

      MANUFACTURING (LIGHT) • 18,000 SF
      3333 California Rd, Orchard Park, NY 14127-1515
      View Details
    • Value Estimation
      $350,000
      12,620 SF

      7th Ctr Dr

      MANUFACTURING (LIGHT) • 12,620 SF
      7th Ctr Dr, Orchard Park, NY 14127-2281
      View Details
    • Value Estimation
      $585,000
      42,226 SF

      20 Ctr Dr

      MANUFACTURING (LIGHT) • 42,226 SF
      20 Ctr Dr, Orchard Park, NY 14127-4102
      View Details
    • Value Estimation
      $780,000
      108,682 SF

      707 Sterling Dr

      MANUFACTURING (LIGHT) • 108,682 SF
      707 Sterling Dr, Orchard Park, NY 14127-1557
      View Details

    Similar Nearby for Sale

    • $540,000
      12,760 SF

      Orchard Park Industrial Building

      12,760 SF light industrial building in Orchard Park, NY.
      51 Bank St, Orchard Park, NY 14127
      View Details
    • $1,700,000
      15,000 SF

      Orchard Park Industrial Flex Space

      15,000 SF Flex Space, $1.7M Asking
      11 Cobham Dr, Orchard Park, NY 14127
      View Details
    • $1,100,000
      10,696 SF

      Versatile Warehouse and Office Space

      Warehouse and office space suitable for various businesses.
      3874 California Rd, Orchard Park, NY 14127
      View Details
    • $1,390,000
      7,800 SF

      New Construction Insulated Metal Building

      7,800 SF insulated metal building with two separate bays.
      55 Bank St, Orchard Park, NY 14127
      View Details
    • $1,600,000
      9.75 Acres

      Orchard Park Commercial Land Opportunity

      9.75 Acres, I1 Zoning, Prime Location
      0 Benzing Rd, Orchard Park, NY 14127
      View Details
    • $995,000
      29,756 SF

      Retail Warehouse Plaza on Abbott Road

      29,000 SF retail/warehouse on 2 acres, available now.
      3082 Abbott Rd, Orchard Park, NY 14127
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      52,526 SF

      Manufacturing/Office Space in Quaker Business Park

      8,500 SF manufacturing/office unit with truck doors and office space.
      40 Centre Dr, Orchard Park, NY 14127
      View Details
    • Contact for pricing
      46,711 SF

      Orchard Park Warehouse and Office

      46,711 SF warehouse and office space for rent.
      13 Centre Dr, Orchard Park, NY 14127
      View Details
    • $12 SF/Yr
      15,000 SF

      Orchard Park Industrial Flex Space

      15,000 SF Flex Space - For Sale/Lease
      11 Cobham Dr, Orchard Park, NY 14127
      View Details
    • Contact for pricing
      36,000 SF

      Tops Market Anchored Retail Center

      Dominant retail center in Orchard Park, NY for lease.
      3201-3231 Southwestern Blvd, Orchard Park, NY 14127
      View Details
    • Contact for pricing

      Prime Commercial Land For Lease

      Highly visible land available for ground lease or build to suit.
      3878 Southwestern Blvd, Orchard Park, NY 14127
      View Details
    • $22 SF/Yr
      7,500 SF

      Orchard Park Office Space Available

      7,500 SF Office Building, Flexible Suites
      70 Linwood Ave, Orchard Park, NY 14127
      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.
    168 Thorn Ave
    Orchard Park, NY 14127-2602
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.