2643 Union Rd, Cheektowaga, NY
Office/retail building with high traffic, parking, and unique features.
- Added:
- Jan 25, 2023
- Days on Market:
- 1239
- Last Refresh:
- May 19 at 9:04 pm
Property Features for 2643 Union Rd
General Information
- Standard status
- Active
- Size
- 3,100 SF
- Lot size
- 1.97 Acres
- Property subtype
- OFFICE
Listing agent Alan T. Hastings License #10311203496 (716) 481-3325
Listing office Hastings Cohn Real Estate (716) 481-3325
Listing date Jan 25, 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 Hastings Cohn Real Estate
HighLights
- High Traffic Count (41,000 daily)
- Zoned for Office, Retail, Restaurant and Contractors
- 10 Car Parking with the ability to Park Many More Cars in front or rear
- Great Architecture and Windows
- Borders Ellicott Creek in a Park Like Setting
- Usable dry basement with high ceilings
Overview
Local Financial Insights For Office B
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 | $63.2k | $20.40 |
| − Vacancy | −$11.4k | −$3.69 |
| EGI | $51.8k | $16.71 |
| − OpEx | −$12.9k | −$4.18 |
| NOI | $38.8k | $12.53 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Cheektowaga
- County
- Erie
- State
- New York
- Longitude
- -78.7079
- Latitude
- 42.9008
