Industrial Building on 3
For Sale
Contact for pricing
592 Aero Dr, Buffalo, NY 14225
5,840 SF industrial building on a 3-acre lot.
Property Size5,840 SF
Lot Size3.00 Acres
Price / SF$162.67
Days on Market1947
Property Features for 592 Aero Dr
General Information
Standard status
Active
Size
5,840 SF
Lot size
3.00 Acres
Property subtype
Industrial
Building Details
Buildings
1
Listing Agency:
Saperston Real Estate Corporation
Listed By:
Howard Saperston · License #NY 31SA0006629
(800) 879-7541
Source:
Crexi
Added: Jul 1, 2021
Changed: Oct 26
Last Checked: Oct 28 at 5:34AM
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 Saperston Real Estate Corporation
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Investment Insights
Based on property information with market context.
The property at 592 Aero Drive in Cheektowaga is available for sale. This industrial building offers 5,840 square feet of space on a 3-acre lot. The building features 18' clearance and a clear span design. It includes two 14' doors and 220 3-phase power. The property also contains 2,000 square feet of office space, an oil and water separator, and 6" floors with drains. The zoning is Industrial.
Key Highlights
- 5,840 sf building on 3 acres of land zoned Industrial
- Clear span construction with 18' clearance
- Two 14' ft. doors** for easy access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,671
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,420
$993.4K
Cap Rate 7%
$709,586
$709.6K
Cap Rate 9%
$551,900
$551.9K
Market Conditions
NOI Build-Up for 5,840 SF
Gross rent
$59.6K $10.20/SF
− Vacancy
−$1.1K −$0.19/SF
EGI
$58.4K $10.01/SF
− OpEx
−$8.8K −$1.50/SF
NOI
$49.7K $8.51/SF
Area
Buffalo, NY
Vacancy
1.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$993,420
Cap Rate 7%
$709,586
Cap Rate 9%
$551,900
Alternative Uses
Best Use
Warehouse
$709.6K
$620.9K – $827.9K
NOI $49,671 @ 7.0% cap · market cap 5.23%
Second Best
Industrial
$584.4K
$511.3K – $681.8K
NOI $40,905 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,308 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 14225, NY
34,066
Population
16,253
Households
2.1
Avg Household Size
41
Median Age
29%
College-Educated
93%
High-School Grad
11.5 sq mi
ZIP Area
2,962
Density / Sq Mi
$65,562
Median Household Income
$44,408
Median Earnings
$937
Median Rent
$154,500
Median Home Value
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Market
Vacancy Rate% for Industrial in Buffalo, NY
Similar Off Market Nearby
- Eaton Office Supply Co., Inc. — 55 amherst villa rd, buffalo, ny 14225
- Mr. Bill's Storage — 385 Lawrence Bell Dr, Williamsville, NY 14221
Frequently Asked Questions
What type of property is this?
Warehouse - 5,840 SF industrial building on a 3-acre lot.
Where is this warehouse located?
The property is located at 592 Aero Dr Buffalo, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 5,840 sf building on 3 acres of land zoned Industrial; Clear span construction with **18' clearance**; Two 14' ft. doors** for easy access
