5893 Camp RdHamburg, NY 14075

Property Details for 5893 Camp Rd

Year built

1997

Lot size

2.30 AC

Property size (Sq ft)

5,600 SF

Zone code

C2

Property type

Retail properties

Property subtype

Strip malls

APN

144889 183.17-10-36

APU

144889183171036

Description

This exceptional mixed-use property, THE ORION PLAZA, presents a compelling investment opportunity in Hamburg, NY. Located at 5893 Camp Rd, this 20,550 square foot complex boasts a diverse tenancy of six businesses across nine units, ensuring a stable income stream. The property features three buildings on a 100,188 square foot lot, constructed in 1994 and renovated in 2018. The buildings are of masonry and block construction with asphalt, pitched roofs. The property includes 70 parking spaces, a significant advantage given the 2:1 parking ratio. Currently operating at 100% occupancy with a Net Lease (NN) structure and a three-year lease term, the property generates a substantial NOI of $123,545, yielding a 7.06% cap rate and a pro-forma cap rate of 7.46%. Utilities are metered separately with CAM charges. The property's prime location in Hamburg Village offers excellent visibility and strong traffic counts, making it an ideal investment for owner-occupancy or a value-add opportunity. The property is classified as Class B and is a FEE SIMPLE ownership. The asking price is $1,750,000, translating to $85.16 per square foot. This stabilized investment offers a blend of medical office, sports/entertainment, and traditional office spaces, providing long-term versatility and strong rental potential. The property's central location provides easy access to major thruways and the Buffalo CBD.

• CAP approach

  CAP return

  Valuation

  6%

  $1,493,330

  6.5%

  $1,378,458

  7%

  $1,279,997

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,350,104

  Geo Method

  $1,273,547

• Alternative Use

  Use

  Valuation

  Residential

  $1,162,781

  Hospitality

  $1,065,101

  Educational

  $886,152

  Medical

  $916,628

  Retail

  $1,378,458

Location Insight

City

Hamburg

County

Erie

State

New York

Latitude

42.7271

Longitude

-78.8366

CBSA code

15380

CBSA name

BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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