Industrial Warehouse with Office
For Sale
Contact for pricing
592 Aero Dr, Buffalo, NY 14225
Industrial warehouse offered for sale with 18' clearance, clear-span layout, and 2,000 sf of office space.
Property Size5,840 SF
Lot Size3.00 Acres
Price / SF$162.67
Days on Market1269
Property Features for 592 Aero Dr
General Information
Standard status
Active
Size
5,840 SF
Lot size
3.00 Acres
Property subtype
INDUSTRIAL
Zoning
Industrial
Warehouse & Industrial
Clear Height
18 ft
Heavy Power
Yes
Listing Agency:
Saperston Real Estate Corporation
(716) 847-1100
Listed By:
Howard Saperston
Source:
Moodyscre
Added: Feb 17, 2023
Changed: Aug 8
Last Checked: Aug 8 at 7:53PM
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
Investment Insights
Based on property information with market context.
This for-sale industrial property includes a 5,840-square-foot warehouse with a clear-span interior and 18-foot clearance. The building features two 14-foot doors and a 6-inch floor with drains, supported by 220 three-phase power. Office space totals 2,000 square feet, and the site includes an oil and water separator.
The property is situated on a 3-acre lot and is zoned Industrial. It offers both warehouse and office areas within the same building configuration, suitable for a range of industrial operations requiring a clear interior and functional service openings.
Additional on-site building amenities include the oil and water separator and the drained floor system, which can support processes that generate oily or wash-down materials requiring separation.
The property is situated on a 3-acre lot and is zoned Industrial. It offers both warehouse and office areas within the same building configuration, suitable for a range of industrial operations requiring a clear interior and functional service openings.
Additional on-site building amenities include the oil and water separator and the drained floor system, which can support processes that generate oily or wash-down materials requiring separation.
Key Highlights
- 5,840 SF industrial warehouse on 3 acres at 592 Aero Drive, Cheektowaga
- Zoned Industrial with 18' clearance and clear‑span warehouse layout
- Two 14' doors for loading and access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,822
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,456,440
$1.5M
Cap Rate 7%
$1,040,314
$1.0M
Cap Rate 9%
$809,133
$809.1K
Market Conditions
NOI Build-Up for 5,840 SF
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.
Gross rent
$119.1K $20.40/SF
− Vacancy
−$22.0K −$3.77/SF
EGI
$97.1K $16.63/SF
− OpEx
−$24.3K −$4.16/SF
NOI
$72.8K $12.47/SF
Area
Buffalo, NY
Vacancy
18.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,456,440
Cap Rate 7%
$1,040,314
Cap Rate 9%
$809,133
Alternative Uses
Best Use
Office B
$1.04M
$910.3K – $1.21M
NOI $72,822 @ 7.0% cap · market cap 7.67%
Second Best
Warehouse
$709.6K
$620.9K – $827.9K
NOI $49,671 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,308 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14225, NY
34,066
Population
16,253
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,962
Density / Sq Mi
$65,562
Median Household Income
$44,408
Median Earnings
$937
Median Rent
$154,500
Median Home Value
Market
Vacancy Rate% for Office in Buffalo, NY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Eaton Office Supply Co., Inc. — 55 amherst villa rd, buffalo, ny 14225
- Mr. Bill's Storage — 385 Lawrence Bell Dr, Williamsville, NY 14221
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse offered for sale with 18' clearance, clear-span layout, and 2,000 sf of office space.
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 SF industrial warehouse on 3 acres at 592 Aero Drive, Cheektowaga; Zoned Industrial with 18' clearance and clear‑span warehouse layout; Two 14' doors for loading and access
