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    3820 Union Rd Buffalo, NY 14225
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    Property profile & analytics

    3820 Union Rd Buffalo, NY 14225

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    • Investment properties
    • 21,902 SF
    • 2.50 lot acres
    For Lease
    $6 SF/Yr
    View Listing →
    Industrial Warehouse Space Available For Lease
    $6 SF/Yr
    7,000 SF

    Industrial Warehouse Space Available

    Industrial/warehouse space with loading docks and parking.

    3820 Union Rd, Buffalo, NY
    View Listing
    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.
    Value Estimations
    $1,015,000
    Cap Rate Potential
    Location Intelligence

    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 estimation — 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
      $5,040,000
      58,728 SF

      540 Duke Rd

      STORE/OFFICE (MIXED USE) • 58,728 SF
      540 Duke Rd, Buffalo, NY 14225
      View Details
    • Value Estimation
      $6,500,000
      14,115 SF

      3470 Genesee St, Unit 3480

      STORE/OFFICE (MIXED USE) • 14,115 SF
      3470 Genesee St, Buffalo, NY 14225-5015
      View Details
    • Value Estimation by Request
      2,924 SF

      889 Bch Rd

      STORE/OFFICE (MIXED USE) • 2,924 SF
      889 Bch Rd, Buffalo, NY 14225-1249
      View Details
    • Value Estimation by Request
      3,373 SF

      448 Cayuga Rd

      STORE/OFFICE (MIXED USE) • 3,373 SF
      448 Cayuga Rd, Cheektowaga, NY 14225-1310
      View Details
    • Value Estimation by Request
      3,700 SF

      431-435 Cleveland Dr

      STORE/OFFICE (MIXED USE) • 3,700 SF
      431-435 Cleveland Dr, Cheektowaga, NY 14225
      View Details
    • Value Estimation by Request
      4,023 SF

      665 Cleveland Dr

      STORE/OFFICE (MIXED USE) • 4,023 SF
      665 Cleveland Dr, Buffalo, NY 14225-1042
      View Details

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    Similar Nearby for Lease

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      Retail Space on Genesee Street

      900+/- SF retail space with high visibility and accessibility.
      3035 Genesee St, Cheektowaga, NY 14225
      View Details
    • $12 SF/Yr
      2,273 SF

      Retail Center Near Walden Galleria

      68,000 SF retail center near I-90 and Walden Galleria.
      2130 Walden Ave, Cheektowaga, NY 14225
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      2,400 SF

      Modern Office Space Available

      Well-maintained office space with modern amenities and easy access.
      303 Cayuga Rd, Cheektowaga, NY 14225
      View Details
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      6,153 SF

      Retail Space in Urbandale Plaza

      Supermarket-anchored shopping center with ample parking and multiple entrances.
      2082-2122 George Urban Blvd, Depew, NY 14225
      View Details
    • Contact for pricing
      7,200 SF

      Industrial Warehouse Space Available

      7,200 SF light industrial warehouse space for rent.
      3180 Genesee St, Buffalo, NY 14225
      View Details
    View Listing
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    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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