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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3021 Baker Rd Orchard Park, NY 14127-1493

    • Investment properties
    • 2,115 SF
    • 2.00 lot acres
    OFF-MARKET
    Last Sale
    Jan 16, 2025
    $290,000
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    7.1%
    Investment properties
    Location Intelligence
    Property ID
    US63-3609012
    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

    • Lackawanna Electric & Construction / Electrician

    Property Details for 3021 Baker Rd

    Year built
    1950
    Lot size
    2.00 lot acres
    Property size
    2,115 SF
    Zone code
    B3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    146089 153.11-2-1
    APU
    1460891531121

    Description

    This exceptional Orchard Park mixed-use property presents a compelling value-add investment opportunity. Situated on a picturesque 2-acre wooded lot, this property boasts 4,951 square feet of space spread across four buildings, including a move-in-ready single-family home with three bedrooms and two bathrooms, and a separate commercial building. The commercial building features an open first floor with a small kitchen and a second-floor in-law suite, offering versatile potential for various business ventures or rental income. The property also includes two standalone garages providing ample storage. Currently vacant, this three-unit property offers significant upside potential for rental income generation. Located on a quiet street, it enjoys proximity to the Buffalo Bills stadium (new stadium opening 2026) and the Lake Erie shoreline, while also benefiting from its location within a top-rated school district. The property is zoned B-3 Commercial, allowing for a range of uses. With 10 parking spaces and a generous 87,120 square foot lot, this property offers significant flexibility and development potential. Built in 1947, this two-story building presents a unique chance to capitalize on a prime location and create a thriving mixed-use investment. The property is currently vacant, allowing for immediate customization and tenant selection. This is a rare opportunity to acquire a substantial mixed-use property in a highly desirable Orchard Park location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $280,000
      ML approach
      $285,000

    • CAP approach

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

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $334,000
      Market price range: $135k - $335k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $295,000
      Current use
      RETAIL STORES
      $305,000
      Change: +4% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $285,000
      Change: -3% Conversion: Difficult
      OFFICE BUILDING
      $245,000
      Change: -16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Orchard Park
    County
    Erie
    State
    New York
    Longitude
    -78.7259
    Latitude
    42.8034
    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
    $58,900
    $133,600
    $192,500
    -
    $173,242
    $392,958
    $566,200

    Comparable in this City

    • Value Estimation
      $290,000
      2,150 SF

      84 Davis St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,150 SF
      84 Davis St, Orchard Park, NY 14127-2651
      View Details
    • Value Estimation
      $280,000
      1,977 SF

      3901 Freeman Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,977 SF
      3901 Freeman Rd, Orchard Park, NY 14127-1910
      View Details
    • Value Estimation
      $335,000
      2,417 SF

      6225 Quaker St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,417 SF
      6225 Quaker St, Orchard Park, NY 14127-2641
      View Details
    • Value Estimation
      $305,000
      1,911 SF

      6438 Quaker St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,911 SF
      6438 Quaker St, Orchard Park, NY 14127-2353
      View Details
    • Value Estimation
      $280,000
      1,772 SF

      3115 Southwestern Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,772 SF
      3115 Southwestern Blvd, Orchard Park, NY 14127-1212
      View Details
    • Value Estimation
      $220,000
      1,188 SF

      3776 Buffalo St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,188 SF
      3776 Buffalo St, Orchard Park, NY 14127-1855
      View Details

    Similar Nearby for Sale

    • $1,600,000
      2,280 SF

      Orchard Park Redevelopment Opportunity

      Strategic commercial parcel near new Orchard Park football stadium.
      4270 Abbott Rd, Orchard Park, NY 14127
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    • $99,993
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      Commercial Land in Orchard Park

      Highly visible 0.51-acre lot suitable for commercial development.
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    • $1,700,000

      Commercial Land at Corner Location

      Over 5 acres of commercial vacant land for development.
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    • $382,000
      1,772 SF

      Orchard Park Standalone Office Building

      Single-story office building in Orchard Park with frontage on Southwestern.
      3115 Southwestern Blvd, Orchard Park, NY 14127
      View Details
    • $469,000

      Dual-Zoned Land on Southwestern Blvd

      3.16-acre parcel with commercial and residential zoning.
      2890 Southwestern Blvd, Orchard Park, NY 14127
      View Details
    • Contact for pricing

      Commercial Land on Orchard Park

      Commercially zoned land suitable for various business uses.
      3280 Orchard Park Rd, Orchard Park, NY 14127
      View Details

    Similar Nearby for Lease

    • 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
    • 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
    • $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
    • $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
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    3021 Baker Rd
    Orchard Park, NY 14127-1493
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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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