Transit Road Retail and
For Sale
$649,000
7767 Transit Road, East Amherst, NY 14051
Two ADA-compliant buildings offer 3,400 SF of showroom and shop space with strong Transit Road frontage.
Property Size3,400 SF
Price / SF$190.88
Days on Market108
Property Features for 7767 Transit Road
General Information
Standard status
Active
Size
3,400 SF
Property subtype
Retail
Building Details
Building Size
3,400 SF
Listing Agency:
Buffalo Office
(716) 852-7500
Listed By:
Robert H. Cowing III
(716) 852-7500
Source:
Pyramidbrokerage
Added: May 8
Changed: Aug 23
Last Checked: Aug 22 at 6:44PM
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 Buffalo Office
Investment Insights
Based on property information with market context.
This offering includes two ADA-compliant, well-maintained buildings totaling 3,400 SF on 1.5 acres along Transit Road. The showroom/shop space was constructed in 2016, providing updated, purpose-built commercial improvements within a compact campus setting.
The property benefits from prime Transit Road frontage with reported 15,200 passing vehicles per day (AADT), supporting visibility for retail, office, and service-oriented operations. It is located in East Amherst/Clarence, New York.
The combination of ADA-compliant facilities and relatively recent showroom/shop construction makes the property a strong fit for professional office, contractor, retail, or medical users, depending on tenant requirements.
The property benefits from prime Transit Road frontage with reported 15,200 passing vehicles per day (AADT), supporting visibility for retail, office, and service-oriented operations. It is located in East Amherst/Clarence, New York.
The combination of ADA-compliant facilities and relatively recent showroom/shop construction makes the property a strong fit for professional office, contractor, retail, or medical users, depending on tenant requirements.
Key Highlights
- Two (2) ADA‑compliant buildings totaling 3,400 SF on 1.5 acres
- Showroom/shop space constructed in 2016
- Prime Transit Road frontage with 15,200 vehicles per day (AADT)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,119
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$962,380
$962.4K
Cap Rate 7%
$687,414
$687.4K
Cap Rate 9%
$534,656
$534.7K
Market Conditions
NOI Build-Up for 3,400 SF
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.
Gross rent
$75.5K $22.20/SF
− Vacancy
−$11.3K −$3.33/SF
EGI
$64.2K $18.87/SF
− OpEx
−$16.0K −$4.72/SF
NOI
$48.1K $14.15/SF
Area
Amherst, NY
Vacancy
15.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$962,380
Cap Rate 7%
$687,414
Cap Rate 9%
$534,656
Alternative Uses
Best Use
Office B
$687.4K
$601.5K – $802.0K
NOI $48,119 @ 7.0% cap · market cap 7.41%
Second Best
Retail
$587.5K
$514.1K – $685.4K
NOI $41,126 @ 7.0% cap · market cap 6.34%
Theoretical Best
Office A
$876.2K
$766.7K – $1.02M
NOI $61,336 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 14051, NY
20,721
Population
8,424
Households
2.5
Avg Household Size
46
Median Age
64%
College-Educated
96%
High-School Grad
15.5 sq mi
ZIP Area
1,337
Density / Sq Mi
$126,895
Median Household Income
$67,874
Median Earnings
$1,840
Median Rent
$386,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Two ADA-compliant buildings offer 3,400 SF of showroom and shop space with strong Transit Road frontage.
Where is this retail space located?
The property is located at 7767 Transit Road East Amherst, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two (2) ADA‑compliant buildings totaling 3,400 SF on 1.5 acres; Showroom/shop space constructed in 2016; Prime Transit Road frontage with 15,200 vehicles per day (AADT)
