Three-Tenant Shopping
For Sale
Contact for pricing
3311 Sheridan Drive, Eggertsville, NY 14226
Fully leased retail plaza with three tenants on Sheridan Drive.
Property Size11,586 SF
Price / SF$189.88
Days on Market52
Property Features for 3311 Sheridan Drive
General Information
Standard status
Active
Size
11,586 SF
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
1965
Units
3
Tenancy
Multi
Listing Agency:
Arista Development
Listed By:
Megan Fisher
Source:
Crexi
Added: Aug 26
Changed: Oct 5
Last Checked: Oct 16 at 8:27AM
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 Arista Development
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.
This shopping center contains 11,586 square feet and was constructed in 1965. The property is fully leased to three tenants, providing an established multi-tenant retail configuration.
Located at 3311 Sheridan Drive in Eggertsville, New York, the plaza offers a Sheridan Drive address within the Amherst area.
Located at 3311 Sheridan Drive in Eggertsville, New York, the plaza offers a Sheridan Drive address within the Amherst area.
Key Highlights
- 100% leased to 3 tenants
- 11,586 square feet of retail space
- Shopping center on Sheridan Drive
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,855
Cap Rate
5.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,257,100
$2.3M
Cap Rate 7%
$1,612,214
$1.6M
Cap Rate 9%
$1,253,944
$1.3M
Market Conditions
NOI Build-Up for 11,586 SF
Gross rent
$180.7K $15.60/SF
− Vacancy
−$19.5K −$1.68/SF
EGI
$161.2K $13.92/SF
− OpEx
−$48.4K −$4.17/SF
NOI
$112.9K $9.74/SF
Area
Buffalo, NY
Vacancy
10.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,257,100
Cap Rate 7%
$1,612,214
Cap Rate 9%
$1,253,944
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,855 @ 7.0% cap · market cap 5.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M
NOI $195,034 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 14226, NY
29,861
Population
13,282
Households
2.2
Avg Household Size
38
Median Age
57%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,328
Density / Sq Mi
$83,023
Median Household Income
$48,994
Median Earnings
$1,093
Median Rent
$237,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Grover Cleveland Plaza — 801 Millersport Hwy, Buffalo, NY 14226
- 839 Boulevard Center — 839 Niagara Falls Blvd, Buffalo, NY 14226
- Amherst Commons — 3050 Sheridan Dr, Amherst, NY 14226
- Quick-Tag — Walmart Supercenter, 3290 Sheridan Dr, Amherst, NY 14226
- Boulevard Mall — 730 Alberta Dr, Amherst, NY 14226
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail plaza with three tenants on Sheridan Drive.
Where is this shopping center located?
The property is located at 3311 Sheridan Drive Eggertsville, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 100% leased to 3 tenants; 11,586 square feet of retail space; Shopping center on Sheridan Drive
