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    14050 Route 62 Collins, NY 14034

    View on Map
    Sponsored
    For Lease
    $199,900

    COMMERCIAL - Collins, NY

    Property size:
    8,054 SF
    Lot size:
    1.93 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 7 at 3:06 am

    Property Features for 14050 Route 62

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    450 RETAIL
    APN
    143689-341-120-0001-006-100
    Parking
    60
    Size
    8,054 SF
    Lot size
    1.93 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1950
    Floors in Building
    1
    Number of units
    6
    Flooring type
    Concrete
    Building materials
    AtticCrawlHatchwaysInsulated, Brick
    Roof type
    Shingle, Flat

    We can help!

    Listing Contact
    Gameel Omar
    Gameel Omar

    WNY METRO ROBERTS REALTY (716) 891-1710

    Listing agent Gameel Omar (716) 662-0449 License #10401371901

    Listing date Mar 3, 2026

    MLS# B1658820

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Building with Apartment

    This mixed-use property in Collins, NY, presents numerous possibilities for commercial ventures. The building features a large, open floor plan suitable for a variety of businesses, including a convenience store, restaurant, office space, retail space, or car dealership. The property is located on a corner lot at the intersection of Route 39 and Route 62. It includes over 60 parking spots and multiple entrances, allowing for the potential to house more than one business. Two sets of slide-up dock doors are present. In addition to the commercial space, the property includes a 750 square foot one-bedroom apartment with a kitchen, a combined dining and living room, a large bedroom, and a bonus room. A Lamar billboard on the property provides an additional income source. The property has a large paved parking area and new electric work was completed in 2020. The lot size is 1.93 acres and the building size is 8,054 square feet. The zoning is 450 RETAIL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Auto Parts Store Department Store Storage Facility Discount Store Furniture & Home Goods Carpet & Flooring Store Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Collins
    County
    Erie
    State
    New York
    Longitude
    -78.928128
    Latitude
    42.496229

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with retail, office, and residential potential.
    Where is this mixed-use property located?
    The property is located at 14050 Route 62 Collins, NY.
    What is the lease rate?
    The lease rate is $199,900.
    What are key features of this property?
    This property features: - High-traffic corner lot location at the intersection of Route 39 and Route 62.; - Billboard on property provides an additional income stream.; - Over 60 parking spaces available.
    (716) 325-0202
    Request Owner's contact information
    14050 Route 62 Collins, NY 14034
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    Collins, NY 14034
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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
    14050 Route 62 Collins, NY 14034
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    We can help!
    Listing Contact
    Gameel Omar
    Gameel Omar
    Real Estate License ID: 10401371901
    (716) 325-0202 (716) 763-7506 (716) 299-8666
    Learn more
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