Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8319 Park Rd Batavia, NY 14020-1272

    • Hotels
    • 36,700 SF
    • 0.51 lot acres
    OFF-MARKET
    Value Estimations
    $1,815,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5300558
    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

    • Hotel at Batavia Downs / Hotel & Motel

    Property Details for 8319 Park Rd

    Year built
    2016
    Lot size
    0.51 lot acres
    Property size
    36,700 SF
    Property type
    Hotels
    APN
    182400 8.-1-22.2
    APU
    18240081222

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,639,000
      Market price range: $619k - $1.64M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,910,000
      AUTO REPAIR, GARAGE
      $2,750,000
      COMMERCIAL (GENERAL)
      $2,645,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,390,000
      WAREHOUSE, STORAGE
      $1,525,000
      RETAIL STORES
      $1,425,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Batavia
    County
    Genesee
    State
    New York
    Longitude
    -78.2044
    Latitude
    43.0103
    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
    $75,000
    $2,400,000
    $2,475,000
    -
    $77,320
    $2,474,226
    $2,551,546

    Comparable in this City

    • Value Estimation by Request
      10,459 SF

      8210-8212 Park Rd

      HOTEL • 10,459 SF
      8210-8212 Park Rd, Batavia, NY 14020
      View Details
    • Value Estimation
      $950,000
      30,447 SF

      8200 Park Rd

      HOTEL • 30,447 SF
      8200 Park Rd, Batavia, NY 14020-1270
      View Details
    • Value Estimation
      $720,000
      28,928 SF

      4371 Federal Dr

      HOTEL • 28,928 SF
      4371 Federal Dr, Batavia, NY 14020-4101
      View Details
    • Value Estimation
      $720,000
      33,852 SF

      4360 Commerce Dr

      HOTEL • 33,852 SF
      4360 Commerce Dr, Batavia, NY 14020-4102
      View Details
    • Value Estimation by Request
      58,676 SF

      200 Oak St

      HOTEL • 58,676 SF
      200 Oak St, Batavia, NY 14020-1032
      View Details
    • Value Estimation
      $1,050,000
      49,691 SF

      4356 Commerce Dr

      HOTEL • 49,691 SF
      4356 Commerce Dr, Batavia, NY 14020-4102
      View Details

    Similar Nearby for Sale

    • $120,000

      Batavia Multifamily Investment Opportunity

      Two-unit property near Main Street and downtown Batavia.
      18 Ellicott Ave, Batavia, NY 14020
      View Details
    • $475,000
      17,688 SF

      Batavia Office Building - Great Location!

      Spacious Office Building, 17,688 sq ft, 2.2 acres.
      50 Franklin St, Batavia, NY 14020
      View Details
    • $154,900

      Batavia Multifamily Investment Opportunity

      Multifamily property for sale in Batavia, New York.
      49 Prospect Ave, Batavia, NY 14020
      View Details
    • Contact for pricing
      0.52 Acres

      Affordable Building Lot in Batavia

      Half-acre building lot with dual access in Batavia, NY.
      Bank Street Rd, Batavia, NY 14020
      View Details
    • Contact for pricing
      22,000 SF

      Batavia Warehouse: 22,000 SF

      Spacious warehouse, ideal for distribution.
      0 Ganson Ave, Batavia, NY 14020
      View Details
    • Contact for pricing

      Vacant Land Ideal for Development

      30+/- acres suitable for senior or single-family housing development.
      3731 Pearl Street Rd, Batavia, NY 14020
      View Details

    Similar Nearby for Lease

    • $750 /Mo

      Renovated Office Space Available

      Renovated office space with seven rooms for lease.
      39 Jackson St, Batavia, NY 14020
      View Details
    • $7 SF/Yr
      48,121 SF

      Downtown Batavia Grocery Opportunity

      Prime 18,000 sq ft commercial space in downtown Batavia.
      45 Ellicott St, Batavia, NY 14020
      View Details
    • Contact for pricing
      133,944 SF

      ALDI-Anchored Shopping Center Spaces

      Available spaces in Batavia, NY, ranging from 1,600 to 9,700 SF.
      587 E Main St, Batavia, NY 14020
      View Details
    • Contact for pricing
      14,720 SF

      Freestanding Retail Property with Drive-Thru

      Retail property with drive-thru and traffic light access.
      601 E Main St, Batavia, NY 14020
      View Details
    • $7 SF/Yr

      Batavia Specialty Property for Rent

      Specialty property available for rent in Batavia, New York.
      8 Apollo Dr, Batavia, NY 14020
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Near Walmart

      Retail space available in Batavia near a Walmart Supercenter.
      4140 Veterans Memorial Dr, Batavia, NY 14020
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8319 Park Rd
    Batavia, NY 14020-1272
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!