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

    4568 Bailey Ave Amherst, NY 14226

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Mixed-use property at Sheridan Drive and Bailey Ave available for rent.

    Type:Office, Industrial
    Added:
    Feb 10, 2024
    Days on Market:
    800
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 4568 Bailey Ave

    General Information

    Standard status
    Active
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1960

    Spaces For Lease

    at 4568 Bailey Ave Contact us

    Available Space 2 $12 /Mo

    Size
    500 SF
    Type
    Office
    Suburban area offices with warehouse in the Sheridan/Bailey area. 1st floor 4500...
    show more
    Contact us

    Available Space 1 $12 /Mo

    Size
    4,500 SF
    Type
    Office, Industrial
    Lease Rate: $12.00 SF/yr (MG)nSuburban area offices with warehouse in the Sheridan/Bailey...
    show more
    Contact us

    We can help!

    Listing Contact
    Amanda Hirsch

    Listing agent Amanda Hirsch License #NY 10401323713

    Listing office HUNT Commercial

    Listing date Feb 10, 2024

    Source Crexi

    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 HUNT Commercial

    Overview

    Sheridan Drive Mixed-Use Property

    Located at the intersection of Sheridan Drive and Bailey Avenue, this mixed-use property is available for rent. The property is suitable for commercial real estate purposes, including office and industrial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Erie
    State
    New York
    Longitude
    -78.8143275
    Latitude
    42.9794793

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      NY, Amherst - 251 John James Audubon

      251 John James Audubon Pkwy, Unit 1ST, Amherst, NY 14228
      View Details
    • Contact for pricing

      Niagara Falls Boulevard Retail Spaces

      Retail and office spaces available on Niagara Falls Boulevard.
      2447 - 2463 Niagara Falls Blvd, Amherst, NY 14228
      View Details
    • $18/mo

      Suburban Retail Space for Lease

      Retail space available in a neighborhood plaza with diverse tenants.
      962 Maple Road, Amherst, NY 14226
      View Details
    • $12/mo

      Suburban Offices with Warehouse Space

      Office and warehouse space for lease in Sheridan/Bailey area.
      4568 Bailey Avenue, Amherst, NY 14226
      View Details
    • $18/mo

      Class A Office Space Available

      Single-story office building with open floor plan and ample parking.
      20 Lawrence Bell, Amherst, NY 14221
      View Details
    • $18/mo

      Amherst Office Space For Lease

      Modern office property with high visibility and customizable spaces available for lease.
      2825 Niagara Falls Boulevard, Amherst, NY 14228
      View Details
    • $5/mo

      Amherst Industrial Sublease Opportunity

      57,345 SF industrial space with warehouse and office.
      55 Woodridge Drive, Amherst, NY, 14228
      View Details
    • $13/mo

      Class A Medical Office Space

      Premier medical office space in a thriving, convenient location.
      3950 East Robinson Road, Amherst, NY 14228
      View Details
    • Contact for pricing

      Transit Road Retail/Office Opportunity

      7,800 SF building suitable for retail, office, or restaurant.
      9500 Transit Road, East Amherst, NY 14051
      View Details
    • Contact for pricing

      Stand-Alone Office Building in Amherst

      Professional office building in a high-traffic Amherst location.
      2065 Kensington Avenue, Amherst, NY 14226
      View Details
    • Contact for pricing

      Transit Road Retail/Office Opportunity

      Retail, office, or medical space on a highly trafficked corner.
      5575 Transit Road, Amherst, NY 14221
      View Details
    • Contact for pricing

      Retail Space on Transit Road

      Endcap retail space in high-traffic Amherst corridor.
      6970 Transit Road, Amherst, NY 14221
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property at Sheridan Drive and Bailey Ave available for rent.
    Where is this mixed-use property located?
    The property is located at 4568 Bailey Ave Amherst, NY.
    What are key features of this property?
    This property features: Located at the intersection of Sheridan Drive and Bailey Ave; Built in 1960
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Amanda Hirsch
    Real Estate License ID: NY 10401323713
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!