First-Floor Office
200 John James Audubon Parkway, Amherst, NY 14228
For Sale
New
Contact for pricing
The gross rental arrangement covers janitorial service, and the property has onsite management and free parking.
Property Size82,667 SF
Price / SF$0.00
Days on Market3
Property Features for 200 John James Audubon Parkway
General Information
Standard status
Size
Additional Details
Floor
Amenities
Onsite Management
Ample Free Parking
Janitorial Service
Listing Agency:
MJ Peterson Real Estate Inc.
(716) 689-7800
Listed By:
James E Knight · License NY 30KN0671386
(716) 998-0199
Source:
Nicholcityrealty
Added: Nov 8
Last Checked: Nov 8 at 4:33PM
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 MJ Peterson Real Estate Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 2,269-square-foot office suite is available on the first floor. The gross rental arrangement includes janitorial service, and onsite management is provided. Free parking is available at the property.
The office property is located on John James Audubon Parkway in Amherst, with the University at Buffalo and the Thruway cited as nearby destinations.
The office property is located on John James Audubon Parkway in Amherst, with the University at Buffalo and the Thruway cited as nearby destinations.
Key Highlights
- 2,269 square feet of first‑floor office space
- Gross rental arrangement includes janitorial service
- Onsite management
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,169,945
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,398,900
$23.4M
Cap Rate 7%
$16,713,500
$16.7M
Cap Rate 9%
$12,999,389
$13.0M
Market Conditions
NOI Build-Up for 82,667 SF
Gross rent
$1.84M $22.20/SF
− Vacancy
−$275.3K −$3.33/SF
EGI
$1.56M $18.87/SF
− OpEx
−$390.0K −$4.72/SF
NOI
$1.17M $14.15/SF
Area
Amherst, NY
Vacancy
15.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,398,900
Cap Rate 7%
$16,713,500
Cap Rate 9%
$12,999,389
Alternative Uses
Best Use
Office B
$16.71M
$14.62M – $19.50M
NOI $1,169,945 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.30M
$18.64M – $24.86M
NOI $1,491,307 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
Demographics for 14228, NY
23,945
Population
10,601
Households
2.3
Avg Household Size
32
Median Age
49%
College-Educated
92%
High-School Grad
15.9 sq mi
ZIP Area
1,506
Density / Sq Mi
$72,426
Median Household Income
$40,958
Median Earnings
$1,264
Median Rent
$246,100
Median Home Value
Market
Average Price Trend$/SF for Office Units in Erie County, NY
Properties on Market for Office Units in Erie County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The gross rental arrangement covers janitorial service, and the property has onsite management and free parking.
Where is this office unit located?
The property is located at 200 John James Audubon Parkway Amherst, NY.
What are key features of this property?
This property features: 2,269 square feet of first‑floor office space; Gross rental arrangement includes janitorial service; Onsite management
