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

    5844 Goodrich Rd Clarence, NY

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

    Open retail space with adjoining warehouse and redevelopment potential.

    Type:RETAIL
    Property size:
    5,768 SF
    Lot size:
    0.72 Acres
    Added:
    Jan 25, 2023
    Days on Market:
    1192
    Last Refresh:
    Apr 5 at 11:17 pm

    Property Features for 5844 Goodrich Rd

    General Information

    Standard status
    Active
    Size
    5,768 SF
    Lot size
    0.72 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 5844 Goodrich Rd Contact us

    We can help!

    Listing Contact
    Carolyn C. Vinci

    Listing agent Carolyn C. Vinci

    Listing office Casilio Companies

    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 Casilio Companies

    Overview

    Retail and Warehouse Space Available

    The property at 5844 Goodrich Road features a large, open retail space connected to an adjoining warehouse. The warehouse includes a 12' by 12' overhead door. An expansion opportunity exists on the adjacent 0.5-acre parcel, also owned by Casilio, making the 5,768 square foot property suitable for redevelopment. The location is one mile north of Main Street (Route 5) in the center of Historic Clarence Center, four miles east of Transit Road (Route 78), and nine miles east of the Buffalo Niagara International Airport.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store Kitchen & Bath Showroom Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarence
    County
    Erie
    State
    New York
    Longitude
    -78.6378
    Latitude
    43.0064

    Nearby Similar for Lease

    • $1,100/Mo

      Main Street Commercial Rental Opportunity

      Flexible commercial space in Clarence Hollow with excellent visibility and access.
      10589 Main Street, Clarence, NY 14031
      View Details
    • $699,000 SF/Yr

      Clarence Mixed-Use Opportunity

      Mixed-use property with income potential in Clarence, New York.
      9060 Main Street, Clarence, NY 14031
      View Details
    • Contact for pricing

      Office Suites on Sheridan Drive

      Three adjoining office suites available for immediate occupancy.
      8600 Sheridan Drive, Clarence, NY 14221
      View Details
    • Contact for pricing

      Commercial

      10589 Main St, Clarence, NY 14031
      View Details
    • $15 SF/Yr

      Clarence Hollow Retail/Office Space

      Retail, medical, or office space in Clarence Hollow.
      10995 Main St, Clarence, NY 14031
      View Details
    • $599,900 SF/Yr

      Mixed-Use Property in Clarence, NY

      Versatile mixed-use property with income potential in Clarence, NY.
      9060 Main St, Clarence, NY 14031
      View Details
    • Contact for pricing

      Former Retail Space with Drive-Thru

      Available retail space with drive-thru, high ceilings, and ample parking.
      9160 Main St, Clarence, NY 14031
      View Details
    • Contact for pricing

      Clarence Office and Fitness Space

      Office and fitness spaces for lease in Clarence, NY.
      5635 Harris Hill Road, Clarence, NY 14221
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      High-visibility retail or office space in Clarence business district.
      9142 Main Street, Clarence, NY 14031
      View Details
    • Contact for pricing

      Historic Office Space in Clarence

      Charming office space in a historic Clarence building.
      10545 Main Street, Clarence, NY 14031
      View Details
    • Contact for pricing

      Retail Space with Drive-Through

      1,250 SF retail space with drive-through and utilities included.
      10611 Main Street, Clarence, NY 14031
      View Details
    • $10 SF/Yr

      Mixed-Use Property on Main Street

      Office, flex, and warehouse space in Clarence, NY.
      10151 Main St, Clarence, NY
      View Details

    FAQs

    What type of property is this?
    Warehouse - Open retail space with adjoining warehouse and redevelopment potential.
    Where is this warehouse located?
    The property is located at 5844 Goodrich Rd Clarence, NY.
    What are key features of this property?
    This property features: Large open retail space with adjoining warehouse.; Expansion opportunity available with adjacent .5 acre parcel.; Warehouse includes a 12’ by 12’ overhead door.
    (716) 510-5771 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Carolyn C. Vinci
    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!