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    8462 Lk Shr Rd Angola, NY 14006-9775

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    8462 Lk Shr Rd Angola, NY 14006-9775

    View on Map
    • Mobile home & RV parks
    • 3,078 SF
    • 14.90 lot acres
    Off-Market
    Property ID
    US63-3812816
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 8462 Lk Shr Rd

    Year built
    1940
    Lot size
    14.90 lot acres
    Property size
    3,078 SF
    Property type
    Mobile home & RV parks
    Property subtype
    Campgrounds
    APN
    144489 220.00-1-22
    APU
    14448922000122

    Description

    This exceptional 641,591 square foot property in Angola, NY (Erie County, zip code 14006, located at 8462 Lake Shore Rd) presents a unique investment opportunity. Situated on one of Western New York's most stunning beaches, this land is fully approved for a 22-lot residential subdivision, including 11 waterfront lots with direct beach access and 11 additional lots. All necessary permits and approvals are in place from the Town of Evans, Erie County, and the New York State Department of Environmental Conservation (DEC). Comprehensive subdivision plans, road infrastructure designs, and development agreements are complete, enabling immediate development. The property offers unparalleled flexibility; it can be developed into a high-end residential community or transformed into a sprawling private family compound with ample space for multiple homes and recreational amenities. This pristine beachfront parcel provides unmatched waterfront living, combining natural beauty with convenient access to Buffalo and other Western New York destinations. A development here would also contribute significantly to the local tax base and stimulate economic growth. The asking price is $4,855,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Angola
    County
    Erie
    State
    New York
    Longitude
    -79.0614
    Latitude
    42.6556
    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
    $188,800
    $611,200
    $800,000
    -
    $325,515
    $1,053,785
    $1,379,300

    Comparable in this City

    • Value Estimation by Request
      6,018 SF

      8038 Lk Shr Rd

      CAMPGROUND, RV PARK • 6,018 SF
      8038 Lk Shr Rd, Angola, NY 14006-9758
      View Details
    • Value Estimation
      $1,600,000
      6,600 SF

      9324 Lk Shr Rd

      CAMPGROUND, RV PARK • 6,600 SF
      9324 Lk Shr Rd, Angola, NY 14006-9416
      View Details
    • Value Estimation by Request
      1,544 SF

      9456 Lk Shr Rd

      CAMPGROUND, RV PARK • 1,544 SF
      9456 Lk Shr Rd, Angola, NY 14006-9216
      View Details
    • Value Estimation
      $1,545,000
      1.10 Acres

      Lk Shr Rd

      CAMPGROUND, RV PARK • 1.10 Acres
      Lk Shr Rd, Angola, NY 14006
      View Details
    • Value Estimation by Request
      1,004 SF

      8930 Erie Rd

      MOBILE HOME PARK, TRAILER PARK • 1,004 SF
      8930 Erie Rd, Angola, NY 14006-9535
      View Details
    • Value Estimation
      $775,000
      2,644 SF

      7979 Erie Rd

      MOBILE HOME PARK, TRAILER PARK • 2,644 SF
      7979 Erie Rd, Angola, NY 14006
      View Details

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    Angola, NY 14006-9775
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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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