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    9160 Main St Clarence, NY 14031

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    For Lease
    Contact for pricing

    Available retail space with drive-thru, high ceilings, and ample parking.

    Building Details

    Year built
    1994

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    Listing Contact
    Brian P Donovan
    Brian P Donovan
    Source: Donovanres

    Listing Agency: Donovan Real Estate Services Listing Agent: Brian P Donovan

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

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    Overview

    Former Retail Space with Drive-Thru

    This former retail space is available for lease or redevelopment. The building features 18' ceiling heights and 72 parking spaces, and includes a drive-thru. It is situated on a 2.569 acre lot. The property is located on the north side of Main Street (NY-5) at the intersection of Sheridan Drive and Main Street (NY-5), just east of the Transit Road retail corridor. NY-5 serves as the main east/west route through the market area. Nearby retailers and generators include Clarence High School, Tim Hortons, Starbucks, Tractor Supply Co., Walgreens, and several local small manufacturing companies. The Transit Road retailer corridor is heavily developed and commercial, featuring the Eastern Hills Mall, Walmart Super Center, Kohl’s, Target, local and national chain restaurants, Stonegate Office Park, Epic Sports and Fun Center, Regal Cinemas & IMAX, and numerous hotels. The area also contains numerous dense office complexes. This high amount of commercial activity attracts shoppers, consumers, and businesses from all over the northern half of the Buffalo, NY MSA. The property includes pylon signage and multiple curb cuts. Property taxes are $2.33/PSF.
    Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Pharmacy Kevin M. Clary, ... Pharmacy Digiacomo Kevin Pharmacy Nicholas M. Scalzo, ... Pharmacy Rite Aid Pharmacy

    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

    Rite Aid Pharmacy, Kevin M. Clary, RPh, King David J, Digiacomo Kevin, Nicholas M. Scalzo, PharmD

    Location Insight

    • Map
    • Local Demand
    City
    Clarence
    County
    Erie
    State
    New York
    Longitude
    -78.6490645
    Latitude
    42.9700352

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    FAQs

    What type of property is this?
    Drug store - Available retail space with drive-thru, high ceilings, and ample parking.
    Where is this drug store located?
    The property is located at 9160 Main St Clarence, NY.
    What are key features of this property?
    This property features: - High-traffic location on Main Street (NY-5) near the Transit Road retail corridor.; - Large 2.569 acre lot suitable for redevelopment.; - Existing building with desirable features: **18' ceiling height and drive-thru**.
    (585) 703-3888
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    9160 Main St Clarence, NY 14031
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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
    9160 Main St Clarence, NY 14031
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    We can help!
    Listing Contact
    Brian P Donovan
    Brian P Donovan
    Real Estate License ID: #10491202934
    (585) 703-3888 (716) 998-2943
    Learn more
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