Retail Suite with Treatment
New
For Sale
Contact for pricing
4900 suite 300 Transit Road, Cheektowaga, NY 14043
A reception area, private treatment rooms, and staff support spaces are already in place.
Property Size24,985 SF
Price / SF$0.00
Days on Market3
Property Features for 4900 suite 300 Transit Road
General Information
Standard status
Active
Size
24,985 SF
Additional Details
Road Access
Yes
Amenities
9 Treatment Rooms
Laundry Room
2-rest rooms
employee lounge
manager's office
Reception Area
Lounge
Building Details
Tenancy
Multi
Listing Agency:
HUNT Commercial Real Estate Corp. of Buffalo New York
(716) 854-5943
Listed By:
RonaldGunner Tronolone · License #30TR0558114
(716) 913-7107
Source:
Nicholcityrealty
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 8:32AM
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 Real Estate Corp. of Buffalo New York
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Investment Insights
Based on property information with market context.
This 2,672-square-foot retail suite has a layout that includes nine treatment rooms, a reception area, and a separate lounge. Additional space comprises a laundry room, two restrooms, an employee lounge, and a manager’s office.
The space is offered as a sublease with the current term ending December 31, 2028. Any renewal or extension would require agreement with the landlord, and the sublease is subject to landlord approval.
The space is offered as a sublease with the current term ending December 31, 2028. Any renewal or extension would require agreement with the landlord, and the sublease is subject to landlord approval.
Key Highlights
- 2,672 SF retail suite
- Nine treatment rooms
- Reception area and lounge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$224,649
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,492,980
$4.5M
Cap Rate 7%
$3,209,271
$3.2M
Cap Rate 9%
$2,496,100
$2.5M
Market Conditions
NOI Build-Up for 24,985 SF
Gross rent
$359.8K $14.40/SF
− Vacancy
−$38.9K −$1.56/SF
EGI
$320.9K $12.84/SF
− OpEx
−$96.3K −$3.85/SF
NOI
$224.6K $8.99/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,492,980
Cap Rate 7%
$3,209,271
Cap Rate 9%
$2,496,100
Alternative Uses
Best Use
Retail
$3.21M
$2.81M – $3.74M
NOI $224,649 @ 7.0% cap · market cap 748,830.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.46M
$4.78M – $6.37M
NOI $382,330 @ 7.0% cap · market cap 1,274,433.33%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 14043, NY
24,962
Population
11,743
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
2,743
Density / Sq Mi
$73,373
Median Household Income
$50,263
Median Earnings
$1,072
Median Rent
$192,800
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
Frequently Asked Questions
What type of property is this?
Retail space - A reception area, private treatment rooms, and staff support spaces are already in place.
Where is this retail space located?
The property is located at 4900 suite 300 Transit Road Cheektowaga, NY.
What are key features of this property?
This property features: 2,672 SF retail suite; Nine treatment rooms; Reception area and lounge
