8500 Roll Rd, Clarence Center, NY
Commercial property in Clarence, NY with retail and warehouse buildings.
- Added:
- Mar 8, 2024
- Days on Market:
- 828
- Last Refresh:
- May 20 at 9:54 pm
Property Features for 8500 Roll Rd
General Information
- Standard status
- Active
- Size
- 15,000 SF
- Lot size
- 5.68 Acres
- Property subtype
- RETAIL
Listing agent Ricky Rojas (rickyred) (562) 507-9927
Listing office Ricardo Rojas, Broker (562) 507-9927
Listing date Mar 8, 2024
Source Moodyscre
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 Ricardo Rojas, Broker
HighLights
- Prime commercial location at the intersection of Roll Road and Harris Hill in Clarence, NY, near Transit Road's amenities but with less traffic.
- Two separate buildings (front retail and rear warehouse) offering diversified income streams.
- Both buildings are fully occupied with existing lease agreements.
- Class A spaces with ample parking for tenants and clients.
- Separate utilities for each space.
- 100% occupancy since construction in 2008.
Overview
Local Financial Insights For 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 | $216.0k | $14.40 |
| − Vacancy | −$23.3k | −$1.56 |
| EGI | $192.7k | $12.84 |
| − OpEx | −$57.8k | −$3.85 |
| NOI | $134.9k | $8.99 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Clarence Center
- County
- Erie
- State
- New York
- Longitude
- -78.6781
- Latitude
- 43.0009