Freestanding Retail
New
For Sale
$890,000
6949 Erie Rd, Derby, NY 14047
The single-story property has commercial zoning and surface parking.
Property Size8,125 SF
Price / SF$109.54
Days on Market2
Property Features for 6949 Erie Rd
General Information
Standard status
Active
Size
8,125 SF
Property subtype
Retail
Zoning
Commercial
Additional Details
Road Access
Yes
Building Details
Buildings
1
Stories
1
Listing Agency:
Recckio Real Estate & Development
Listed By:
Rick Recckio · License #NY #31RE0821429
(716) 998-4422
Source:
Recckio
Added: Oct 30
Last Checked: Oct 30 at 3:22PM
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 Recckio Real Estate & Development
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding retail property contains 8,125+/- SF in a single-story layout. Formerly occupied by Family Dollar, the building has commercial zoning and surface parking.
The property is on Erie Road, also identified as Route 5, in Derby. Nearby businesses and destinations include Quest Diagnostics, Evans Ace Hardware, Dollar General, Tops Derby Plaza, Snap Fitness, AutoZone, Subway, Tim Horton's and Jiffy Lube.
The property is on Erie Road, also identified as Route 5, in Derby. Nearby businesses and destinations include Quest Diagnostics, Evans Ace Hardware, Dollar General, Tops Derby Plaza, Snap Fitness, AutoZone, Subway, Tim Horton's and Jiffy Lube.
Key Highlights
- 8,125+/- SF freestanding retail building
- Formerly occupied by Family Dollar
- Single‑story layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,055
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,461,100
$1.5M
Cap Rate 7%
$1,043,643
$1.0M
Cap Rate 9%
$811,722
$811.7K
Market Conditions
NOI Build-Up for 8,125 SF
Gross rent
$117.0K $14.40/SF
− Vacancy
−$12.6K −$1.56/SF
EGI
$104.4K $12.84/SF
− OpEx
−$31.3K −$3.85/SF
NOI
$73.1K $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%
$1,461,100
Cap Rate 7%
$1,043,643
Cap Rate 9%
$811,722
Alternative Uses
Best Use
Retail
$1.04M
$913.2K – $1.22M
NOI $73,055 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,332 @ 7.0% cap · market cap 13.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
240
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The single-story property has commercial zoning and surface parking.
Where is this retail space located?
The property is located at 6949 Erie Rd Derby, NY.
What is the asking price?
The asking price for this property is $890,000.
What are key features of this property?
This property features: 8,125+/- SF freestanding retail building; Formerly occupied by Family Dollar; Single‑story layout
