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

    7066 Transit Rd, Amherst, NY 14221

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $849,900

    Commercial land with high visibility and development potential.

    Type:Commercial
    Lot size:
    0.88 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    58
    Last Refresh:
    Mar 24 at 6:30 am

    Property Features for 7066 Transit Rd

    General Information

    Standard status
    Active
    Lot size
    0.88 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    James E Knight

    Listing agent James E Knight License #30KN0671386

    Listing office M J Peterson Real Estate

    Listing date Mar 25, 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 M J Peterson Real Estate

    HighLights

    • Good development potential
    • Multiple frontages on Transit and McKinley
    • Zoned General Business, offering versatility
    • Located in the busy section of Transit Rd.
    • 140' fronting on McKinley
    • Additional Property Details available

    Overview

    This commercial land parcel offers development potential with multiple frontages on Transit Road and McKinley. The property is zoned General Business and is situated in a busy section of Transit Road, with 140 feet of frontage on McKinley.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Daycare Center Building Supply Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Erie
    State
    New York
    Longitude
    -78.6973256
    Latitude
    42.9600483

    Nearby Similar for Sale

    • $324,900
      2,420 SF

      Amherst Triplex with Income Potential

      Three-unit property in Amherst with versatile income potential.
      82 Argyle Avenue, Amherst, NY 14226
      View Details
    • $229,900

      Transit Road Vacant Land Parcel

      11.3 acre vacant parcel on Transit Road for development.
      10990 Transit Rd, Amherst, NY 14051
      View Details
    • $2,800,000
      105,655 SF

      Approved Self-Storage Development Site

      2.48 acre site with approved plans for self-storage facility.
      42 Dodge Road, Amherst , NY 14068
      View Details
    • $4,900,000
      34,702 SF

      Well-Maintained Office Building in Williamsville

      Two-story office building in Centerpointe Corporate Park, near amenities.
      150 Essjay Road, Amherst, NY 14221
      View Details
    • $115,000
      6,300 SF

      West Amherst Professional Office Condo

      Professional office condominium for sale in West Amherst Office Park.
      586 N. French Road #1, Amherst, NY 14228
      View Details
    • $349,000

      Development Site Near Niagara Falls

      1.3-acre development site with excellent exposure and visibility.
      3881 - 3885 East Robinson Road , Amherst, NY 14228
      View Details
    • $1,300,000

      Development Site Near Niagara Falls

      2.3-acre development site with excellent exposure and visibility.
      3841 East Robinson Road , Amherst, NY 14228
      View Details
    • Contact for pricing

      Amherst Office Building For Sale

      2,100 SF office building in a convenient Amherst location.
      606 North French Road, Amherst , NY 14228
      View Details
    • Contact for pricing

      Amherst Office Building For Sale

      1,122 SF office building in a convenient, strategic location.
      656 North French Road, Amherst , NY 14228
      View Details
    • $2,150,000

      Amherst Multifamily Investment Opportunity

      30 units in a desirable suburban neighborhood with upside potential.
      4035-4055 Harlem Road, Amherst, NY 14226
      View Details
    • $1,795,000
      8,100 SF

      Amherst Retail Development Opportunity

      Two buildings totaling 8,100 SF on Niagara Falls Boulevard.
      2545 Niagara Falls Blvd, Amherst, NY
      View Details
    • $99,999
      21,780 SF

      Commercial Land Available

      Commercial land for sale.
      4355 Millersport Highway, Amherst, NY 14228
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with high visibility and development potential.
    Where is this commercial land located?
    The property is located at 7066 Transit Rd Amherst, NY.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: Good development potential; Multiple frontages on Transit and McKinley; Zoned General Business, offering versatility
    (716) 998-0199
    We can help!
    Listing Contact
    James E Knight
    Real Estate License ID: 30KN0671386
    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
    7066 Transit Rd, Amherst, NY 14221
    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!