Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Bar and Restaurant with Apartment Title is generated by Realmo AI

    6848 Erie Rd, Derby, NY 14047

    View on Map
    Claim this Listing
    New
    For Sale
    $499,900

    Established bar and restaurant with dining, covered deck, and an attached two-bedroom apartment.

    Type:Commercial
    Property size:
    2,123 SF
    Price / SF:
    $235/SF
    Added:
    Jun 3, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 6 at 4:20 am

    Property Features for 6848 Erie Rd

    General Information

    Standard status
    Active
    Size
    2,123 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1960

    We can help!

    Listing Contact
    Kimberly Hulburd

    Listing agent Kimberly Hulburd License #40HU0735049

    Listing office WNY METRO ROBERTS REALTY

    Listing date Jun 3, 2026

    Source Elliman

    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 WNY METRO ROBERTS REALTY

    HighLights

    • Established bar and restaurant with an 18x28 bar area and an 18‑foot bar top
    • 30x30 dining room plus a 29x11 kitchen with equipment and a recently updated 10x8 walking cooler
    • 34x16 covered deck for patrons and Quick Draw/lottery machines already in place
    • Spacious 800 SF attached two‑bedroom apartment—reported to generate $800/month rental income
    • Central air, forced air heating, and two‑zone baseboard heat; newer apartment windows and a 10x11 deck
    • Vinyl sided corner lot with blacktop parking for approximately 35 vehicles; year built 1960

    Overview

    This sale features a well-established bar and restaurant with a functional back-of-house for full-service operations. The 18x28 bar area includes an 18-foot bar top, supported by a 30x30 dining room designed for larger gatherings. A 29x11 kitchen is complemented by a recently updated 10x8 walking cooler, along with a 20x20 storage and office area to support day-to-day needs. Outdoor space is provided by a 34x16 covered deck for patrons.

    The property sits on a corner lot and is vinyl sided, with a blacktop parking area accommodating approximately 35 vehicles. Quick Draw and Lottery machines are already in place.

    The layout also includes an 800 sq ft two-bedroom apartment (with newer windows) that could generate $800/month in rental income, supported by the apartment’s room sizes and additional private outdoor space including a 10x11 deck. With central air, forced air heating, and two-zone baseboard heating, the building is configured for year-round comfort across both the operating area and the residence.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $38.2k $18.00
    − Vacancy −$4.1k −$1.94
    EGI $34.1k $16.06
    − OpEx −$8.5k −$4.01
    NOI $25.6k $12.04
    2,123 SF · lease $18.00/SF/yr · vacancy 10.80% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $365.2K
    $319.6K – $426.1K (±1% cap)
    NOI $25,565 @ 7.0% cap · market cap 5.11%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $464.1K
    $406.1K – $541.5K (±1% cap)
    NOI $32,487 @ 7.0% cap · market cap 6.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Meadowbrook Restaurant & Bar Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • The Shore House Bar & Grill — 6558 Lake Shore Rd, Derby, NY 14047
    • Meadowbrook Restaurant & Bar — 6848 Erie Rd, Derby, NY 14047

    Location Insight

    • Map
    • Local Demand
    City
    Derby
    County
    Erie
    State
    New York
    Longitude
    -78.981153
    Latitude
    42.701208

    Nearby Similar for Sale

    • $499,900
      3,036 SF

      Bar, Restaurant, and Apartment Building

      Established bar and restaurant with a two-bedroom apartment.
      6848 Erie Road, Derby, NY 14047
      View Details
    • $99,900
      1,016 SF

      Corner Commercial Building with Offices

      Former veterinary clinic layout offers multiple first-floor rooms and office and storage on the second floor.
      6850 Prescott Drive, Derby, NY 14047
      View Details
    • $280,000

      Evans NY Horse Property

      11.3 acres with barn, stalls, and training track.
      7452 Southwestern Boulevard, Derby, NY 14047
      View Details
    • $99,900

      Corner Multi-Level Office Building

      Multi-level setup with multiple first-floor rooms and second-floor office and storage for professional services or retail.
      6850 Prescott Dr, Evans, NY 14047
      View Details
    • $250,000
      1,733 SF

      Former Auto Shop on Corner

      1,733 SF auto shop with high traffic exposure.
      6790 Erie Rd, Derby, NY 14047
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Established bar and restaurant with dining, covered deck, and an attached two-bedroom apartment.
    Where is this bar & pub located?
    The property is located at 6848 Erie Rd Derby, NY.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Established bar and restaurant with an 18x28 bar area and an 18‑foot bar top; 30x30 dining room plus a 29x11 kitchen with equipment and a recently updated 10x8 walking cooler; 34x16 covered deck for patrons and Quick Draw/lottery machines already in place
    (716) 725-8725
    We can help!
    Listing Contact
    Kimberly Hulburd
    Real Estate License ID: 40HU0735049
    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

    Thank You for Inquiry
    6848 Erie Rd, Evans, NY 14047
    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!