Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    97 Acres on Transit Road Title is generated by Realmo AI

    6350 S Transit Rd, Lockport, NY 14094

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    97 acres of land with frontage on Transit Road.

    Type:Land
    Lot size:
    97.00 Acres
    Added:
    Oct 4, 2024
    Days on Market:
    610
    Last Refresh:
    May 12 at 10:57 pm

    Property Features for 6350 S Transit Rd

    General Information

    Standard status
    Active
    Lot size
    97.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Joseph Deck

    Listing agent Joseph Deck License #NY 30DE0804140

    Listing office Hanna Commercial Real Estate Buffalo

    Listing date Oct 4, 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 Hanna Commercial Real Estate Buffalo

    HighLights

    • 97 acres of land, suitable for development
    • Almost 600' frontage on Transit Road
    • Prime location with high traffic volume
    • Close proximity to amenities

    Overview

    This property features 97 acres of land with approximately 600 feet of frontage on Transit Road.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.6974887
    Latitude
    43.1198135

    Nearby Similar for Sale

    • $850,000
      32,716 SF

      Lockport Development Opportunity

      Three properties offer adaptive reuse potential near Erie Canal.
      100 Genesee Street, Lockport, NY 14094
      View Details
    • $464,900
      6,567 SF

      Historic Lockport Apartment Building

      Restored apartment building in Lockport, fully rented and turn-key.
      159 Genesee Street, Lockport, NY 14094
      View Details
    • $154,900
      2,554 SF

      Rented Duplex on Large Lot

      Fully rented duplex with separate entrances and a two-car garage.
      247 Clinton Street, Lockport, NY 14094
      View Details
    • $199,900
      6,718 SF

      Historic Mixed-Use Property in Lockport

      Mixed-use property in Lockport, perfect for live/work setup.
      207-221 Washburn Street, Lockport, NY 14094
      View Details
    • $199,900
      6,718 SF

      Historic Mixed-Use Property in Lockport

      Mixed-use property in Lockport, perfect for live/work and income.
      207-221 Washburn Street, Lockport, NY 14094
      View Details
    • $309,900
      1,960 SF

      Lockport Multifamily Investment Opportunity

      Three properties, six units, strong income potential, convenient location.
      133 Hawley Street, Lockport, NY 14094
      View Details
    • $650,000
      55,000 SF

      Redevelopment Opportunity in Downtown Lockport

      Two properties totaling 55,000 SF on 1.5 acres.
      120 Main St, Lockport, NY 14094
      View Details
    • $189,900
      1,520 SF

      Updated Duplex in Lockport

      Turnkey investment opportunity with two updated units in Lockport.
      18 Russell Street, Lockport, NY 14094
      View Details
    • $120,000
      1,960 SF

      Lockport Multi-Unit Investment Opportunity

      Fully rented multi-unit property with immediate income potential in Lockport.
      133 Hawley Street, Lockport, NY 14094
      View Details
    • $599,000
      13,000 SF

      Lockport Religious Facility For Sale

      Religious facility with over 13,000 SF of usable space.
      9 Bristol Ave, Lockport, NY 14094
      View Details
    • $2,000,000
      1,976 SF

      22.8 Acres Development Opportunity

      22.8 acres suitable for residential development in Lockport, NY.
      V/L 6721 Aiken Road, Lockport, NY 14094
      View Details
    • $109,900
      2,492 SF

      Lockport Two-Family Investment Opportunity

      Two-unit property near downtown Lockport, offering immediate rental income.
      129 Lock Street, Lockport, NY 14094
      View Details

    FAQs

    What type of property is this?
    Land - 97 acres of land with frontage on Transit Road.
    Where is this land located?
    The property is located at 6350 S Transit Rd Lockport, NY.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: 97 acres of land, **suitable for development**; Almost 600' frontage on Transit Road; **Prime location** with high traffic volume
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Joseph Deck
    Real Estate License ID: NY 30DE0804140
    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

    Thank You for Inquiry
    6350 S Transit Rd, Lockport, NY 14094
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!