4140 Veterans Memorial Dr Batavia, NY 14020
Property profile & analytics
4140 Veterans Memorial Dr Batavia, NY 14020
- Strip malls
- 35,280 SF
- 3.80 lot acres
Property ID
US63-0934338
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.
Location Intelligence
Current Use by Public Records
- Yume Asian Bistro / Restaurant
- Cricket Wireless Authorized Retailer / Mobile Phone Store / Electronics & Wireless Store
- Batavia Shopping Center / Shopping Center & Mall
- Palio's Pizza Cafe / Restaurant
- Pawn King / Discount Store / (Bike/Boat/Book/etc) Store
Property Details for 4140 Veterans Memorial Dr
- Year built
- 2009
- Lot size
- 3.80 lot acres
- Property size
- 35,280 SF
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 182400 8.-1-17.121
- APU
- 1824008117121
Description
This 35,413 square foot, multi-tenant shopping center in Batavia, NY, presents a compelling investment opportunity. Boasting a 100% occupancy rate and a strong 8.25% cap rate, the property generates a substantial NOI of $393,894. Nine tenants, including Planet Fitness, occupy this 2007-built center, situated on a 3.8-acre lot with ample parking. The center benefits from a Walmart shadow anchor, driving significant traffic (approximately two million annual visitors, source: Placer Labs Inc.), and enjoys a prime location on Veterans Memorial Drive, near major intersections and other national retailers. The tenant mix includes a blend of national and local businesses, many of which are internet-resistant. The property is priced at $134.82 per square foot, below replacement cost. The surrounding area demonstrates strong demographics, with average household incomes exceeding $70,000 within a three-mile radius. Its proximity to Batavia Downs Gaming & Hotel further enhances its appeal. This well-positioned, high-performing retail center offers a stable and lucrative investment prospect. The property features 87% NNN leases, minimizing landlord responsibilities. The strong tenant base, coupled with the strategic location and high traffic counts (approximately 8,763 vehicles per day), ensures a consistent income stream. This is an exceptional opportunity to acquire a well-established, high-performing retail asset in a thriving market.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Batavia
- County
- Genesee
- State
- New York
- Longitude
- -78.2076
- Latitude
- 43.0112
- CBSA code
- 12860
- CBSA name
- BATAVIA, NY MICROPOLITAN 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
$220,000
$2,080,000
$2,300,000
-
$226,804
$2,144,330
$2,371,134
