Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8698 S Main St Eden, NY 14057

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Pending
    $299,000

    Over 35,000 SF warehouse with apartments and business potential.

    Lot size:
    1.50 Acres

    Property Features for 8698 S Main St

    General Information

    Property type
    Industrial
    Standard status
    Pending
    Lot size
    1.50 Acres

    Building Details

    Year built
    1932

    We can help!

    Listing Contact
    Millie Blasz Achtyl
    Source: Elliman

    Listing Agent: Millie Blasz Achtyl

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

    Learn more

    Overview

    Spacious Warehouse with Income Potential

    This property offers over 35,000 square feet of space with potential for various business ventures and supplementary income. The property includes four 12-foot overhead doors and a loading ramp. It features 3-phase electrical power. There are two apartments, each currently leased for $1100. The zoning allows for a brewery, food service, gym, or heated storage. The property is located in an area with other businesses and offers convenient access to the thruway.
    Location Intelligence

    Current Use by Public Records

    R B Reynolds ... Industrial Manufacturer TexWeb Industrial Manufacturer

    Suggested Use

    Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Similar Places Nearby

    Self Storage WNY - Eden, Eden Self Storage, Dr. Bob's Storage

    Location Insight

    • Map
    • Local Demand
    City
    Eden
    County
    Erie
    State
    New York
    Longitude
    -78.8992703
    Latitude
    42.6492974

    Nearby Similar for Sale

    • $300,000
      3,072 SF

      Turn-Key Restaurant and Bar

      Restaurant/bar with equipment included in the heart of Eden.
      8557 N Main St, Eden, NY 14057
      View Details
    • Contact for pricing

      Mixed-Use Building in Eden Business District

      Mixed-use building in the heart of Eden's Business District.
      8572 North Main St, Eden, NY 14057
      View Details
    • $59,900
      Pending

      Commercial Building in Eden Village

      Office and workshop space with garage door access.
      2746 W Church St St, Eden, NY 14057
      View Details
    • Contact for pricing

      Spacious Industrial Complex on 44 Acres

      Freestanding industrial complex with rail access and development potential.
      8800 S Main St, Eden, NY 14057
      View Details
    • $299,000
      Pending

      Large Warehouse with Income Potential

      35,000+ SF warehouse with apartments and business possibilities.
      8698 S Main St, Eden, NY 14057
      View Details

    FAQs

    What type of property is this?
    Warehouse - Over 35,000 SF warehouse with apartments and business potential.
    Where is this warehouse located?
    The property is located at 8698 S Main St Eden, NY.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Over 35,000 SF of space offering unlimited possibilities.; - Income potential from 2 leased apartments ($1100 each).; - Zoning allows for diverse business uses such as brewery, food service, gym, etc.
    (716) 998-9851
    Request Owner's contact information
    8698 S Main St Eden, NY 14057
    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.
    8698 S Main St
    Eden, NY 14057
    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
    8698 S Main St Eden, NY 14057
    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

    We can help!
    Listing Contact
    Millie Blasz Achtyl
    (716) 998-9851 (716) 854-5943
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!