Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Amherst Flex/Industrial Space For Rent Title is generated by Realmo AI

    500 Creekside Dr, Amherst, NY

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    30,000 SF flex/industrial space with food-grade quality.

    Type:FLEX_R_AND_D
    Property size:
    30,000 SF
    Lot size:
    4.98 Acres
    Added:
    Apr 4, 2025
    Days on Market:
    428
    Last Refresh:
    May 20 at 8:36 pm

    Property Features for 500 Creekside Dr

    General Information

    Standard status
    Active
    Size
    30,000 SF
    Lot size
    4.98 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 500 Creekside Dr Contact us

    We can help!

    Listing Contact
    Margaret Tuerk

    Listing agent Margaret Tuerk License #NY 10301219526

    Listing office Iskalo Development Corp.

    Listing date Apr 4, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Iskalo Development Corp.

    HighLights

    • Food‑grade quality high bay space featuring 26’ clear ceilings, fully air‑conditioned and heated.
    • Boasts 800 amp 480 Volt Three Phase power service, expandable to 1,600 Amps.
    • Includes 6,500 +/- SF finished office area with a large employee breakroom and locker rooms with shower.
    • Sanitary, water, compressed air, and electric connections at each warehouse column and column line.
    • Additional land available for 45,000 SF building expansion.
    • Two loading docks with concrete apron and one grade‑level overhead door.

    Overview

    This flex/industrial space offers 30,000 +/- SF of food-grade quality, light industrial building. The high bay space is fully air-conditioned and heated, featuring 26’ clear ceilings. Sanitary, water, compressed air, and electric connections are available at each warehouse column and column line. A 2,400 +/- SF mezzanine is included, along with a 1,000 GPM grease interceptor. The HVAC system provides 50 tons of air conditioning for a controlled production environment. Loading is facilitated by two docks with concrete aprons and one grade-level overhead door. The power service is 800 amp 480 Volt three-phase, expandable to 1,600 amps. The property includes a 6,500 +/- SF finished office area, featuring a large employee breakroom and locker rooms with showers. A 50-space parking lot is available. Additional land is available for a 45,000 SF building expansion.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Erie
    State
    New York
    Longitude
    -78.6909
    Latitude
    43.0288

    Nearby Similar for Lease

    • Sponsored
      $129-$5,356/Mo
      11-1,292 SF

      NY, Amherst - 251 John James Audubon

      251 John James Audubon Pkwy, Unit 1ST, Amherst, NY 14228
      View Details
    • $18 SF/Yr
      2,200 SF

      Class A Office Space Available

      Single-story office building with open floor plan and ample parking.
      20 Lawrence Bell, Amherst, NY 14221
      View Details
    • $18 SF/Yr
      15,000 SF

      Suburban Retail Space for Lease

      Retail space available in a neighborhood plaza with diverse tenants.
      962 Maple Road, Amherst, NY 14226
      View Details
    • $12 SF/Yr

      Retail Spaces on Transit Road

      Inline retail spaces for lease in busy shopping center.
      7864-8020 Transit Rd, Amherst, NY 14221
      View Details
    • $5 SF/Yr
      57,345 SF

      Amherst Industrial Sublease Opportunity

      57,345 SF industrial space with warehouse and office.
      55 Woodridge Drive, Amherst, NY, 14228
      View Details
    • $975/Mo

      Niagara Falls Boulevard Retail Spaces

      Retail and office spaces available on Niagara Falls Boulevard.
      2447 - 2463 Niagara Falls Blvd, Amherst, NY 14228
      View Details
    • $18 SF/Yr
      40,000 SF

      Amherst Office Space For Lease

      Modern office property with high visibility and customizable spaces available for lease.
      2825 Niagara Falls Boulevard, Amherst, NY 14228
      View Details
    • $18 SF/Yr
      20,000 SF

      Prime Office Space for Rent

      Office space available at a lighted intersection in Amherst, NY.
      2825 Niagara Falls Blvd, Amherst, NY
      View Details
    • $18 SF/Yr
      1,014 SF

      Amherst Medical Office Suites

      Two-story medical office building with suites available for lease.
      350 Alberta Dr, Amherst, NY
      View Details
    • $16 SF/Yr
      1,212 SF

      Class A Medical Office Space

      Professional medical office space with parking and expansion potential.
      3950 E Robinson Rd, Amherst, NY
      View Details
    • Contact for pricing
      3,042 SF

      Freestanding Retail Space Available

      3042 SF retail space with ample parking and high visibility.
      2211 Kensington, Amherst, NY 14226
      View Details
    • Contact for pricing
      14,690 SF

      Renovated Office Space Available

      Move-in ready, renovated office space in a park-like setting.
      140 John James Audubon Pkwy, Amherst, NY
      View Details

    FAQs

    What type of property is this?
    Flex space - 30,000 SF flex/industrial space with food-grade quality.
    Where is this flex space located?
    The property is located at 500 Creekside Dr Amherst, NY.
    What are key features of this property?
    This property features: Food‑grade quality high bay space featuring 26’ clear ceilings, fully air‑conditioned and heated.; Boasts 800 amp 480 Volt Three Phase power service, expandable to 1,600 Amps.; Includes 6,500 +/- SF finished office area with a large employee breakroom and locker rooms with shower.
    (716) 633-2096 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Margaret Tuerk
    Real Estate License ID: NY 10301219526
    Learn More
    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.
    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

    Thank You for Inquiry
    500 Creekside Dr, Amherst, NY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!