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    Industrial Warehouse on 3 Acres Title is generated by Realmo AI

    592 Aero Dr, Buffalo, NY

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    5,840 SF industrial building on a 3-acre lot.

    Type:INDUSTRIAL
    Property size:
    5,840 SF
    Lot size:
    0.66 Acres
    Price / SF:
    $162/SF
    Added:
    Feb 17, 2023
    Days on Market:
    1231
    Last Refresh:
    May 20 at 8:44 pm

    Property Features for 592 Aero Dr

    General Information

    Standard status
    Active
    Size
    5,840 SF
    Lot size
    0.66 Acres
    Property subtype
    INDUSTRIAL

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    Howard Saperston

    Listing office Saperston Real Estate Corporation

    Listing date Feb 17, 2023

    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 Saperston Real Estate Corporation

    HighLights

    • 5,840 sq ft industrial building on a large 3‑acre lot.
    • Zoned Industrial with 18' clearance and clear span design.
    • Equipped with 220 3‑phase power and an oil/water separator.
    • Includes two 14' doors for easy access.
    • Features 2,000 sq ft of office space.
    • Reinforced with a 6" floor and drains.

    Overview

    The property is a 5,840-square-foot industrial building situated on a 3-acre lot. It is zoned for industrial use and features an 18-foot clearance and a clear span design. The building includes two 14-foot doors and 220 3-phase power. It also contains 2,000 square feet of office space. Additional features include an oil and water separator, 6-inch floors, and drains. The property is located at 592 Aero Drive in Cheektowaga.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $59.6k $10.20
    − Vacancy −$1.1k −$0.19
    EGI $58.4k $10.01
    − OpEx −$8.8k −$1.50
    NOI $49.7k $8.51
    5,840 SF · lease $10.20/SF/yr · vacancy 1.90% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $709.6K
    $620.9K – $827.9K (±1% cap)
    NOI $49,671 @ 7.0% cap · market cap 5.23%
    Second Best
    Industrial
    $584.4K
    $511.3K – $681.8K (±1% cap)
    NOI $40,905 @ 7.0% cap · market cap 4.31%
    Theoretical Best
    Office A
    $1.40M
    $1.23M – $1.64M (±1% cap)
    NOI $98,308 @ 7.0% cap · market cap 10.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Landscaping & Snowplowing Maintenance ... Landscaping

    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.

    Similar Places Nearby

    • Eaton Office Supply Co., Inc. — 55 amherst villa rd, buffalo, ny 14225
    • Mr. Bill's Storage — 385 Lawrence Bell Dr, Williamsville, NY 14221

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.7177
    Latitude
    42.9413

    FAQs

    What type of property is this?
    Warehouse - 5,840 SF industrial building on a 3-acre lot.
    Where is this warehouse located?
    The property is located at 592 Aero Dr Buffalo, NY.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 5,840 sq ft industrial building on a large 3‑acre lot.; Zoned Industrial with 18' clearance and clear span design.; Equipped with **220 3‑phase power and an oil/water separator.**
    (716) 847-1100 Call to check price and availability
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