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

    3059 Lakeview Rd Hamburg, NY 14075-6009

    • Warehouses
    • 1,600 SF
    • 1.96 lot acres
    OFF-MARKET
    Value Estimations
    $160,000
    Show details
    Cap Rate Potential
    4%
    Warehouses
    Location Intelligence
    Property ID
    US63-2514414
    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

    • LaMarco's Auto Service / Auto Repair Shop

    Property Details for 3059 Lakeview Rd

    Year built
    1983
    Lot size
    1.96 lot acres
    Property size
    1,600 SF
    Property type
    Warehouses
    APN
    144889 195.00-1-18.12
    APU
    1448891950011812

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $215,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $140,000
      6.5%
      $130,000
      7%
      $120,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $144,000
      Market price range: $45.6k - $144k
      AI Estimate
      $130,000
      Market price range: $35.7k - $144k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $230,000
      NEIGHBORHOOD: SHOPPING CENTER
      $215,000
      OFFICE BUILDING
      $185,000
      AUTO REPAIR, GARAGE
      $160,000
      COMMERCIAL (GENERAL)
      $160,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamburg
    County
    Erie
    State
    New York
    Longitude
    -78.8807
    Latitude
    42.7143
    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
    $11,900
    $45,400
    $57,300
    -
    $37,188
    $141,875
    $179,063

    Comparable in this City

    • Value Estimation
      $185,000
      1,680 SF

      5590 Maelou Dr

      WAREHOUSE, STORAGE • 1,680 SF
      5590 Maelou Dr, Hamburg, NY 14075-3712
      View Details
    • Value Estimation
      $200,000
      2,400 SF

      6475 Southwestern Blvd

      WAREHOUSE, STORAGE • 2,400 SF
      6475 Southwestern Blvd, Hamburg, NY 14075
      View Details
    • Value Estimation
      $220,000
      1,250 SF

      5387 Bay Vw Rd

      WAREHOUSE, STORAGE • 1,250 SF
      5387 Bay Vw Rd, Hamburg, NY 14075-1626
      View Details
    • Value Estimation
      $220,000
      6,000 SF

      4347 Cp Rd

      WAREHOUSE, STORAGE • 6,000 SF
      4347 Cp Rd, Hamburg, NY 14075
      View Details
    • Value Estimation
      $295,000
      9,372 SF

      200 Lk St

      WAREHOUSE, STORAGE • 9,372 SF
      200 Lk St, Hamburg, NY 14075
      View Details
    • Value Estimation
      $460,000
      5,140 SF

      75 Elmview Ave

      WAREHOUSE, STORAGE • 5,140 SF
      75 Elmview Ave, Hamburg, NY 14075-3761
      View Details

    Similar Nearby for Sale

    • $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
    • $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
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    • Contact for pricing
      4.00 Acres

      Hamburg Commercial Land - 4 Acres

      Prime 4-acre commercial lot, build-to-suit.
      4050 Southwestern Blvd, Hamburg, NY 14075
      View Details
    • Contact for pricing
      7.00 Acres

      Hamburg Commercial Land - 7 Acres

      Prime development site, 7 acres, high traffic area.
      4244 Southwestern Blvd, Buffalo, NY 14075
      View Details
    • Contact for pricing
      0.37 Acres

      Residential Land in Hamburg, NY

      Buildable lot in Eden with Hamburg Schools, near Hamburg and Eden.
      7121 Gowanda State Rd, Hamburg, NY 14075
      View Details
    • $264,900
      1,187 SF

      Hamburg Home with Finished Basement

      Well-maintained home near downtown Buffalo and Hamburg, NY.
      4174 Victorian Dr, Hamburg, NY 14075
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    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
    • $6 SF/Yr
      41,814 SF

      Hamburg Warehouse Space For Lease

      16,000 SF warehouse in Hamburg, NY with ample parking.
      5599 Camp Rd, 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
    • $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
    • $14 SF/Yr
      3,000 SF

      Hamburg Industrial Space For Lease

      3,000 SF industrial space with flexible layout in Hamburg.
      6302 Moncton Dr, Hamburg, NY 14075
      View Details
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    3059 Lakeview Rd
    Hamburg, NY 14075-6009
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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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