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    21 Princeton Pl Orchard Park, NY 14127
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    Property profile & analytics

    21 Princeton Pl Orchard Park, NY 14127

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    • Office buildings
    • 10,600 SF
    • 0.23 lot acres
    For Lease
    $17 SF/Yr
    View Listing →
    Orchard Park Office Suites For Lease
    $17 SF/Yr
    1,890 SF

    Orchard Park Office Suites

    Renovated office suites in the Village of Orchard Park.

    21 Princeton Pl, Orchard Park, NY
    View Listing
    Property ID
    US63-6091276
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Meyers Buth Law Group / Law Firm
    • Niagara Frontier Psychiatric / Medical Clinic
    • Hunter's Hope / Charitable Organization
    • Klass Ingredients / Big Box & Wholesale Store
    • Scoular Co / Feed Store / Warehouse & Storage

    Property Details for 21 Princeton Pl

    Year built
    1969
    Lot size
    0.23 lot acres
    Property size
    10,600 SF
    Zone code
    B1
    Property type
    Office buildings
    APN
    146001 162.17-1-23
    APU
    14600116217123

    Description

    This exceptional Orchard Park office building, located at 21 Princeton Pl, offers a variety of executive and general office spaces. The 11,000 square foot building, situated on a 0.23-acre lot, underwent a complete renovation in 2010. Currently, 2,500 square feet of space is immediately available, divisible into units as small as 150 square feet, with a maximum contiguous space of 2,500 square feet. The building features both first and second-floor office options, catering to diverse business needs. Its convenient location offers easy walkability to numerous village businesses and amenities, and its proximity to the main corner of North Buffalo Road and Princeton Place ensures high visibility and accessibility. This property presents a fantastic opportunity for businesses seeking modern, well-maintained office space in a thriving community within Erie County, New York, zip code 14127. The building's multiple tenancy structure provides flexibility for various business sizes and configurations. The property's prime location and recent renovation make it an ideal choice for businesses seeking a professional and convenient workspace. Contact us today to learn more about leasing opportunities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Orchard Park
    County
    Erie
    State
    New York
    Longitude
    -78.7452
    Latitude
    42.7687
    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
    $36,300
    $301,800
    $338,100
    -
    $106,763
    $887,637
    $994,400

    Comparable in this City

    • Value Estimation
      $4,315,000
      27,640 SF

      4295 Buffalo St

      OFFICE BUILDING • 27,640 SF
      4295 Buffalo St, Orchard Park, NY 14127-2669
      View Details
    • Value Estimation by Request
      1,580 SF

      6576th E Quaker St

      OFFICE BUILDING • 1,580 SF
      6576th E Quaker St, Orchard Park, NY 14127-2502
      View Details
    • Value Estimation by Request
      6,901 SF

      3461 Benzing Rd

      PROFESSIONAL BUILDING • 6,901 SF
      3461 Benzing Rd, Orchard Park, NY 14127-1539
      View Details
    • Value Estimation by Request
      1,769 SF

      4200 Buffalo Rd

      OFFICE BUILDING • 1,769 SF
      4200 Buffalo Rd, Orchard Park, NY 14127-2415
      View Details
    • Value Estimation by Request
      3,009 SF

      3071 Un Rd

      OFFICE BUILDING • 3,009 SF
      3071 Un Rd, Orchard Park, NY 14127-1214
      View Details
    • Value Estimation
      $670,000
      6,140 SF

      4065 Buffalo St

      OFFICE BUILDING • 6,140 SF
      4065 Buffalo St, Orchard Park, NY 14127-2442
      View Details

    Similar Nearby for Sale

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      Modern Orchard Park Office Building

      Two-story office building in walkable Orchard Park village setting.
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      Versatile Warehouse and Office Space

      Warehouse and office space suitable for various businesses.
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    • $1,600,000
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      Corner Redevelopment Opportunity Near Stadium

      Prime 1.1-acre corner lot near new Orchard Park stadium.
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    Similar Nearby for Lease

    • $19 SF/Yr

      Southtowns Class A Office Space

      Class A office park with suites from 1,600 to 6,300 sq. ft.
      3045-3085 Southwestern Blvd, Orchard Park, NY 14127
      View Details
    • $17 SF/Yr
      1,890 SF

      Orchard Park Office Suites

      Renovated office suites in the Village of Orchard Park.
      21 Princeton Pl, Orchard Park, NY 14127
      View Details
    • Contact for pricing
      1,986 SF

      Orchard Park Retail Opportunity

      Retail space for lease in Orchard Park, NY.
      3310 Southwestern Blvd, Orchard Park, NY 14127
      View Details
    • Contact for pricing
      1,780 SF

      Office Suite in Abbott Commerce

      1,780 SF office suite available for sublease.
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      Orchard Park Office Space Available

      Office space for lease in Orchard Park, move-in ready.
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      View Details
    • $8,500 /Mo

      Renovated Flex Property on Southwestern

      Modern flex space with warehouse and office, available for lease.
      3691 Southwestern Blvd, Orchard Park, NY 14127
      View Details
    View Listing
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    Orchard Park, NY 14127
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    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
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