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    Property profile & analytics

    4632 Lake Shore Rd Hamburg, NY 14075

    • Auto shops
    • 3,240 SF
    • 0.46 lot acres
    For Sale
    View listing
    $325,000
    Last Sale
    Mar 16, 2022
    $307,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3141129
    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

    • Auto shops

    Property Details for 4632 Lake Shore Rd

    Year built
    1959
    Lot size
    0.46 lot acres
    Property size
    3,240 SF
    Zone code
    PR
    Property type
    Auto shops
    APN
    144889 169.12-10-24
    APU
    144889169121024

    Description

    This exceptional 3,300 square foot freestanding warehouse, located at 4632 Lake Shore Road in Hamburg, New York, presents a unique investment opportunity. Built in 1959 and extensively renovated in 2021, this single-story structure boasts a durable brick and concrete construction. Situated on a busy section of Route 5, this property offers unparalleled visibility and accessibility. The warehouse is ideally suited for a variety of uses, including retail, motor services, light industrial operations, or warehousing. Its convenient location in Erie County, NY, zip code 14075, ensures easy access to major transportation routes. On-site parking is available for added convenience. The asking price for this meticulously maintained property is $325,000. This is an excellent opportunity for an owner-user seeking a versatile and well-located space to establish or expand their business. The property's recent renovation ensures modern functionality and efficiency, minimizing the need for immediate capital improvements. Don't miss this chance to acquire a prime commercial property in a thriving New York community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $265,000
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $437,000
      Market price range: $164k - $536k
      AI Estimate
      $307,000
      Market price range: $81.3k - $318k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $325,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $440,000
      Change: +35% Conversion: Difficult
      OFFICE BUILDING
      $380,000
      Change: +16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $325,000
      Change: -0% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hamburg
    County
    Erie
    State
    New York
    Longitude
    -78.8858
    Latitude
    42.7575
    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
    $18,700
    $135,300
    $154,000
    -
    $58,437
    $422,813
    $481,250

    Comparable in this City

    • Value Estimation
      $250,000
      2,319 SF

      4209 Seabreeze Ave

      AUTO REPAIR, GARAGE • 2,319 SF
      4209 Seabreeze Ave, Hamburg, NY 14075
      View Details
    • Value Estimation
      $210,000
      1,800 SF

      199 Buffalo St

      AUTO REPAIR, GARAGE • 1,800 SF
      199 Buffalo St, Hamburg, NY 14075-5012
      View Details
    • Value Estimation
      $190,000
      2,550 SF

      202 Lk St

      AUTO REPAIR, GARAGE • 2,550 SF
      202 Lk St, Hamburg, NY 14075-4826
      View Details
    • Value Estimation
      $165,000
      1,620 SF

      5655 Maelou Dr

      AUTO REPAIR, GARAGE • 1,620 SF
      5655 Maelou Dr, Hamburg, NY 14075-3711
      View Details
    • Value Estimation
      $235,000
      19,096 SF

      5175 Southwestern Blvd

      AUTO REPAIR, GARAGE • 19,096 SF
      5175 Southwestern Blvd, Hamburg, NY 14075-3501
      View Details
    • Value Estimation
      $185,000
      1,216 SF

      69 Buffalo St

      AUTO REPAIR, GARAGE • 1,216 SF
      69 Buffalo St, Hamburg, NY 14075-5003
      View Details

    Similar Nearby for Sale

    • $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
    • $285,000
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      Auto Repair Shop For Sale

      Established auto repair shop with equipment on busy Camp Rd.
      5594 Camp Rd, Hamburg, NY 14075
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    • $300,000
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      Visible Corner Lot Auto Shop

      Two-bay automotive shop on a highly visible corner lot.
      4545 Clark St, Hamburg, NY 14075
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    • $150,000

      Corner Property with Adaptive Reuse

      Corner property suitable for auto repair or adaptive reuse.
      5807 Herman Hill Rd, Hamburg, NY 14075
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    • $1,250,000
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      Redevelopment Opportunity on Camp Road

      5,460 SF former bank branch on 2.4 acres.
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    • $699,900

      Mixed-Use Buildings with Lake Views

      Four buildings with retail, restaurant, apartments, and lake views.
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    Similar Nearby for Lease

    • $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
      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
    • $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
      15,015 SF

      Prime Corner Retail Space Available

      High-visibility corner retail space in the heart of Hamburg.
      7 Buffalo St, Hamburg, NY 14075
      View Details
    • $24 SF/Yr
      15,015 SF

      Prime Retail Space in Hamburg

      Retail space in high-traffic area near restaurants and stores.
      7 Buffalo St, Hamburg, NY 14075
      View Details
    • $7 SF/Yr
      22,500 SF

      High Bay Commercial Space Available

      22,500 SF commercial space with high bay and retail/office.
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      View Details
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    4632 Lake Shore Rd
    Hamburg, NY 14075
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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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