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    3819 Forest Park Way Wheatfield, NY 14120
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    Property profile & analytics

    3819 Forest Park Way, Wheatfield, NY 14120

    View on Map
    • Gas stations
    • 4,000 SF
    • 2.00 lot acres
    For Sale
    $1,900,000
    View Listing →
    Wheatfield Commercial Property for Sale For Sale
    $1,900,000
    2.00 Acres

    Wheatfield Commercial Property for Sale

    2-acre light industrial property with redevelopment potential.

    3819 Forest Park, Wheatfield, NY 14120
    View Listing
    Property ID
    US63-4278968
    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

    • Matty's / Gas Station
    • Matty Mart / Grocery & Convenience Store
    • Mobil / Gas Station

    Property Details for 3819 Forest Park Way

    Year built
    2011
    Lot size
    2.00 lot acres
    Property type
    Gas stations
    APN
    294000 177.03-1-81.5
    APU
    294000177031815

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 13, 2011 — Cr3 Holdings LLC — Trustees Deed · related $1.4M · Evans Bank NA

    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
    North Tonawanda
    County
    Niagara
    State
    New York
    Longitude
    -78.8348
    Latitude
    43.0634
    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
    0
    $0.00
    $30,000
    $570,000
    $600,000
    -
    $75,000
    $1,425,000
    $1,500,000

    Comparable in this City

    • Value Estimation by Request
      808 SF

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    • Value Estimation
      $510,000
      8,928 SF

      Niag Fls Blvd

      SERVICE STATION WITH FOOD MART
      Niag Fls Blvd, North Tonawanda, NY 14120
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    • Value Estimation by Request
      3,444 SF

      488 Oliver St

      SERVICE STATION WITH FOOD MART
      488 Oliver St, North Tonawanda, NY 14120
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    • Value Estimation by Request
      3,040 SF

      921 Payne Ave

      SERVICE STATION WITH FOOD MART
      921 Payne Ave, North Tonawanda, NY 14120-3211
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    • Value Estimation
      $1,200,000
      2,101 SF

      459 Division St

      SERVICE STATION WITH FOOD MART
      459 Division St, North Tonawanda, NY 14120-4403
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    • Value Estimation by Request
      1,980 SF

      1269 Ruie Rd

      SERVICE STATION WITH FOOD MART
      1269 Ruie Rd, North Tonawanda, NY 14120-1837
      View Details

    Similar Nearby for Sale

    • $1,900,000
      Pending

      Wheatfield Commercial Property for Sale

      2-acre light industrial property with redevelopment potential.
      3819 Forest Park Way, Wheatfield, NY 14120
      View Details
    • $469,900
      3,076 SF

      Main Street Auto Shop - NY

      Established Auto Shop, Turnkey Business
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    • $349,000

      Redevelopment Opportunity in Commercial Corridor

      0.59-acre commercially zoned lot with high visibility.
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      Established Automotive Business For Sale

      Turnkey automotive business with loyal client base and equipment included.
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    Similar Nearby for Lease

    • Contact for pricing

      Grocery-Anchored Retail Opportunity

      Retail space available in a thriving shopping center.
      287 Meadow Dr, North Tonawanda, NY 14120
      View Details
    • Contact for pricing
      9,088 SF

      Retail Space in High-Traffic Plaza

      Grocery-anchored retail space in North Tonawanda's central residential area.
      983-1049 Payne Ave, North Tonawanda, NY 14120
      View Details
    • Contact for pricing

      Niagara Falls Blvd Warehouse/Retail Space

      6,000 SF warehouse with 2,500 SF office/retail space.
      3910 Niagara Falls Blvd, North Tonawanda, NY 14120
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    • Contact for pricing

      Retail Space in Dollar Tree Plaza

      Retail space available in North Tonawanda's Central Business District.
      Tonawanda, NY 14120
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      North Tonawanda Retail/Office Space Available

      Remodeled retail/office space in a desirable North Tonawanda location.
      Tonawanda, NY 14120
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      3,000 SF

      Downtown North Tonawanda Office/Retail Space

      Waterfront office and retail suites in historic downtown location.
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    Property Visit Statistics

    • Visits by month
      6.2k
    • Visitors by month
      4.8k
    • Avg Time on site
      7 min
    View Listing
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    Wheatfield, NY 14120
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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.

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