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

    3701 Mckinley Pkwy Hamburg, NY 14075

    • Community centers
    • 9,040 SF
    • 4.70 lot acres
    For Lease
    View listing
    $3,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4077062
    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

    • Sew Fluffy Kitties / (Bike/Boat/Book/etc) Store
    • Happy Lil Hippie's Unique Boutique / (Bike/Boat/Book/etc) Store

    Property Details for 3701 Mckinley Pkwy

    Year built
    1991
    Lot size
    4.70 lot acres
    Property size
    9,040 SF
    Zone code
    C2
    Property type
    Community centers
    APN
    144889 160.07-2-29
    APU
    14488916007229

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,225,000
      Current use
      RETAIL STORES
      $1,315,000
      Change: +7% Conversion: Easy
      RESTAURANT
      $1,235,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $1,055,000
      Change: -14% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamburg
    County
    Erie
    State
    New York
    Longitude
    -78.8104
    Latitude
    42.7875
    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
    $500,000
    $2,085,900
    $2,585,900
    -
    $1,562,500
    $6,518,438
    $8,080,938

    Comparable in this City

    • Value Estimation
      $2,745,000
      56,900 SF

      3701 Mckinley Pkwy

      MINI-MALL • 56,900 SF
      3701 Mckinley Pkwy, Hamburg, NY 14075
      View Details
    • Value Estimation
      $1,195,000
      13,552 SF

      6199 Park Ave

      MINI-MALL • 13,552 SF
      6199 Park Ave, Hamburg, NY 14075-3846
      View Details
    • Value Estimation
      $10,885,000
      139,145 SF

      4950 Southwestern Blvd

      MINI-MALL • 139,145 SF
      4950 Southwestern Blvd, Hamburg, NY 14075-2615
      View Details
    • Value Estimation
      $1,045,000
      12,036 SF

      3734 Park Sq

      MINI-MALL • 12,036 SF
      3734 Park Sq, Hamburg, NY 14075-7500
      View Details
    • Value Estimation
      $17,740,000
      218,461 SF

      5360 Southwestern Blvd, Unit 20ART7

      MINI-MALL • 218,461 SF
      5360 Southwestern Blvd, Hamburg, NY 14075-3596
      View Details
    • Value Estimation
      $665,000
      30,450 SF

      3701 Mckinley Pkwy20art7

      MINI-MALL • 30,450 SF
      3701 Mckinley Pkwy20art7, Hamburg, NY 14075
      View Details

    Similar Nearby for Sale

    • $699,900

      Mixed-Use Buildings with Lake Views

      Four buildings with retail, restaurant, apartments, and lake views.
      4467 Lake Shore Rd, Hamburg, NY 14075
      View Details
    • New
      $325,000
      939 SF

      Turn-Key Commercial Opportunity in Hamburg

      Well-maintained commercial space in the heart of Hamburg, NY.
      133 Pine St, Hamburg, NY 14075
      View Details
    • $250,000

      Adaptable Retail Building on Corner

      Structurally sound 1200 sq ft building in walkable community.
      69 Buffalo St, 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
      View Details
    • $799,000
      7,000 SF

      Turn-Key Restaurant and Bar For Sale

      Fully equipped restaurant and bar with large parking and patio.
      5381 Abbott Rd, Hamburg, NY 14075
      View Details
    • Contact for pricing

      Freestanding Pizza Hut on Camp

      Operating Pizza Hut on 0.42 acre corner lot.
      5565 Camp Rd, Hamburg, NY 14075
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,518 SF

      Hamburg Retail Space For Rent

      Prime retail space in a vibrant shopping center.
      140 Pine St, Hamburg, NY 14075
      View Details
    • $3,000,000
      25,734 SF

      Retail Space at McKinley Mall

      Premier shopping destination with diverse retail and dining options.
      3701 Mckinley Pkwy, Hamburg, NY 14075
      View Details
    • $25 SF/Yr
      1,000 SF

      Prime Retail Space in Hamburg

      Atrium retail space in high-traffic, amenity-rich Hamburg Village.
      1-7 Buffalo St, Hamburg, NY 14075
      View Details
    • Contact for pricing

      Retail Pad Site on Southwestern

      1.12 acre retail pad site for lease or sale.
      5089 Southwestern Blvd, Hamburg, NY 14075
      View Details
    • Contact for pricing

      Retail/Office Space For Lease

      2,400 sq ft space ideal for retail or office.
      4501 Southwestern Blvd, Hamburg, NY 14075
      View Details
    • Contact for pricing
      25,020 SF

      Hamburg Retail Space For Lease

      Retail spaces available in Hamburg, NY with high visibility.
      5120 Camp Rd, 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.
    3701 Mckinley Pkwy
    Hamburg, NY 14075
    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.