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    Commercial Property Investment Opportunity Title is generated by Realmo AI

    8500 Roll Rd, Clarence Center, NY

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    Commercial property in Clarence, NY with retail and warehouse buildings.

    Type:RETAIL
    Property size:
    15,000 SF
    Lot size:
    5.68 Acres
    Price / SF:
    $133/SF
    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

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    Listing Contact
    Ricky Rojas (rickyred)

    Listing agent Ricky Rojas (rickyred)

    Listing office Ricardo Rojas, Broker

    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

    This commercial property presents an investment opportunity in Clarence, New York, situated on Roll Road at the intersection of Roll Road and Harris Hill. The location is near the shopping, retail, restaurant, and residential areas of Transit Road. The property includes two separate buildings: a front retail building and a rear warehouse building. Both buildings are fully occupied and under lease agreements, and can be purchased together or separately. The front building benefits from exposure to passing traffic and is easily accessible via a side and rear parking lot. The spaces are built out for multiple tenants and feature Class A space with ample parking. Each tenant has sufficient parking for clients and employees. The spaces have separate utilities and have been 100% occupied since construction was completed in 2008. The property size is 15,000 square feet. All potential buyers must provide proof of funds and sign a non-disclosure agreement prior to scheduling an appointment to view the property.

    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
    15,000 SF · lease $14.40/SF/yr · vacancy 10.80% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.93M
    $1.69M – $2.25M (±1% cap)
    NOI $134,870 @ 7.0% cap · market cap 6.74%
    Second Best
    Warehouse
    $1.14M
    $999.2K – $1.33M (±1% cap)
    NOI $79,939 @ 7.0% cap · market cap 4.00%
    Theoretical Best
    Office A
    $3.28M
    $2.87M – $3.83M (±1% cap)
    NOI $229,536 @ 7.0% cap · market cap 11.48%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wilmack Photo Photography Service Little Pandas Preschool ... High School Discover Fitness redefined. Gym & Fitness Center GRN Buffalo Employment Agency Richele Renea Photography Photography Service

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Building Supply Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarence Center
    County
    Erie
    State
    New York
    Longitude
    -78.6781
    Latitude
    43.0009

    FAQs

    What type of property is this?
    Retail space - Commercial property in Clarence, NY with retail and warehouse buildings.
    Where is this retail space located?
    The property is located at 8500 Roll Rd Clarence Center, NY.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 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.
    (562) 507-9927 Call to check price and availability
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