Retail Space with Open
For Sale
Contact for pricing
Pending
6911 Erie Road, Derby, NY 14047
Flexible commercial unit with front windows, street-front parking, and a restroom.
Property Size2,900 SF
Days on Market97
Property Features for 6911 Erie Road
General Information
Standard status
Pending
Size
2,900 SF
Amenities
large front windows
fresh paint
clean carpeting
multiple electrical outlets
restroom
street-front parking
Listing Agency:
716 Realty Group WNY LLC
(716) 266-6691
Listed By:
Jeffrey Lorka · License #10401317484
(716) 867-9065
Source:
Nicholcityrealty
Added: Jul 12
Changed: Oct 5
Last Checked: Oct 16 at 8:22AM
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 716 Realty Group WNY LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail space features an open interior arranged with a partial divider wall, creating a front area, adaptable middle workspace, and private rear section. Fresh paint, clean carpeting, and multiple electrical outlets support a ready-to-occupy presentation, while the restroom is positioned at the back of the unit.
Large front windows bring natural light into the space and provide street exposure along Erie Road. Street-front parking and convenient customer access add practical functionality for a range of retail, studio, office, or service-oriented uses.
Large front windows bring natural light into the space and provide street exposure along Erie Road. Street-front parking and convenient customer access add practical functionality for a range of retail, studio, office, or service-oriented uses.
Key Highlights
- Open layout with a partial divider wall
- Large front windows along Erie Road
- Fresh paint and clean carpeting throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,075
Suggested Prices Based on Cap Rates
Cap Rate 5%
$521,500
$521.5K
Cap Rate 7%
$372,500
$372.5K
Cap Rate 9%
$289,722
$289.7K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$41.8K $14.40/SF
− Vacancy
−$4.5K −$1.56/SF
EGI
$37.2K $12.84/SF
− OpEx
−$11.2K −$3.85/SF
NOI
$26.1K $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%
$521,500
Cap Rate 7%
$372,500
Cap Rate 9%
$289,722
Alternative Uses
Best Use
Office B
$519.1K
$454.2K – $605.7K
NOI $36,339 @ 7.0% cap · market cap 4,037.67%
Second Best
Retail
$372.5K
$325.9K – $434.6K
NOI $26,075 @ 7.0% cap · market cap 2,897.22%
Theoretical Best
Office A
$634.0K
$554.7K – $739.6K
NOI $44,377 @ 7.0% cap · market cap 4,930.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Explore this area
Business Placement
Demographics for 14047, NY
6,152
Population
2,707
Households
2.3
Avg Household Size
47
Median Age
19%
College-Educated
91%
High-School Grad
13.1 sq mi
ZIP Area
470
Density / Sq Mi
$76,525
Median Household Income
$45,546
Median Earnings
$964
Median Rent
$180,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial unit with front windows, street-front parking, and a restroom.
Where is this retail space located?
The property is located at 6911 Erie Road Derby, NY.
What are key features of this property?
This property features: Open layout with a partial divider wall; Large front windows along Erie Road; Fresh paint and clean carpeting throughout
