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

    3820 Union Rd Buffalo, NY 14225

    • Investment properties
    • 21,902 SF
    • 2.50 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Last Sale
    Apr 30, 2025
    $1,050,000
    Value Estimations
    $1,015,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6039310
    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

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 3820 Union Rd

    Year built
    1962
    Lot size
    2.50 lot acres
    Property size
    21,902 SF
    Zone code
    05C
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    143089 102.08-10-4.11
    APU
    1430891020810411

    Description

    This exceptional industrial warehouse property, located at 3820 Union Road, Cheektowaga, NY 14225, offers 20,000 square feet of versatile space within a high-demand location at the intersection of Union Road and George Urban Boulevard. The property sits on a 2.5-acre lot and is currently configured for multiple tenants, with one 7,000 square foot space immediately available. The building features convenient amenities for industrial operations, including one 18-foot high overhead door and one loading dock, ensuring efficient loading and unloading of goods. Ample on-site parking is provided, accommodating 20 vehicles, and the property's design facilitates easy access for trucks and deliveries. The strategic location offers excellent accessibility for both local and regional distribution, making it an ideal choice for businesses requiring substantial warehouse space and convenient transportation links. The property is situated in Erie County, New York, and provides opportunities for outside storage. This is a prime opportunity to secure a well-located and functional industrial warehouse space in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $940,000
      ML approach
      $830,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,191,000
      Market price range: $990k - $3.27M
      AI Estimate
      $1,363,000
      Market price range: $990k - $3.19M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheektowaga
    County
    Erie
    State
    New York
    Longitude
    -78.7561
    Latitude
    42.9188
    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
    $310,000
    $540,000
    $850,000
    -
    $340,659
    $593,407
    $934,066

    Comparable in this City

    • Value Estimation by Request
      1,371 SF

      2777 Harlem Rd

      STORE/OFFICE (MIXED USE) • 1,371 SF
      2777 Harlem Rd, Buffalo, NY 14225-3005
      View Details
    • Value Estimation
      $1,110,000
      7,232 SF

      4301 Genesee St

      STORE/OFFICE (MIXED USE) • 7,232 SF
      4301 Genesee St, Buffalo, NY 14225-1963
      View Details
    • Value Estimation
      $680,000
      6,600 SF

      3959 Un Rd

      STORE/OFFICE (MIXED USE) • 6,600 SF
      3959 Un Rd, Buffalo, NY 14225-4253
      View Details
    • Value Estimation
      $3,275,000
      5,898 SF

      1717 Walden Ave

      STORE/OFFICE (MIXED USE) • 5,898 SF
      1717 Walden Ave, Buffalo, NY 14225-4924
      View Details
    • Value Estimation
      $1,955,000
      14,448 SF

      1625 Walden Ave

      STORE/OFFICE (MIXED USE) • 14,448 SF
      1625 Walden Ave, Buffalo, NY 14225-4929
      View Details
    • Value Estimation
      $1,145,000
      13,500 SF

      2710 Walden Ave

      STORE/OFFICE (MIXED USE) • 13,500 SF
      2710 Walden Ave, Buffalo, NY 14225-4747
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Genesee Street Mixed-Use Building

      Freestanding mixed-use building with retail and residential units.
      2392 Genesee St, Cheektowaga, NY 14225
      View Details
    • $300,000
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      Mixed-Use Investment Opportunity, Buffalo NY

      Mixed-use property with retail and residential units for sale.
      2364 Genesee St, Buffalo, NY 14225
      View Details
    • $570,000
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      Genesee Street Mixed-Use Redevelopment Opportunity

      Mixed-use property in Cheektowaga, NY, ideal for redevelopment.
      2376 Genesee St, Buffalo, NY 14225
      View Details
    • $3,799,000
      6.08 Acres

      McKesson Parkway Development Land

      6-Acre Multifamily Development Site in Buffalo, NY
      100 Mckesson Pkwy, Buffalo, NY 14225
      View Details
    • $47,000
      4.31 Acres

      Depew, NY Commercial Land - $47K

      4.31 Acres, Prime Location, Investment Opportunity
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    • $1,100,000
      25,200 SF

      Cheektowaga Industrial Building - Prime Location

      Spacious industrial building, I-90 access, ample parking.
      24 Anderson Rd, Cheektowaga, NY 14225
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      12,300 SF

      Modern Cheektowaga Warehouse

      12,300 SF Warehouse, Excellent Location
      999 Aero Dr, Cheektowaga, NY 14225
      View Details
    • $8 SF/Yr
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      Suburban Retail and Auto Space

      Retail and auto space in a solid suburban neighborhood.
      530 Dick Rd, Buffalo, NY 14225
      View Details
    • Contact for pricing

      Industrial Space Near Walden Galleria

      15,000 SF warehouse/office space available for lease.
      51 Anderson Rd, Buffalo, NY 14225
      View Details
    • Contact for pricing

      Industrial Land For Lease

      Industrial land suitable for manufacturing and light industrial use.
      886 Aero Dr, Buffalo, NY 14225
      View Details
    • Contact for pricing
      151,224 SF

      Community Shopping Center Retail Space

      Retail spaces for lease in Cheektowaga's Thruway Plaza.
      2195 Harlem Rd, Buffalo, NY 14225
      View Details
    • Contact for pricing
      5,068 SF

      Walden Avenue Retail Space Available

      5,068 SF retail space with high visibility and ample parking.
      2521 Walden Ave, Buffalo, NY 14225
      View Details
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    3820 Union Rd
    Buffalo, NY 14225
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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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