Industrial Building on 3
592 Aero Dr Buffalo, NY 14225
For Sale
Contact for pricing
5,840 SF industrial building on a 3-acre lot.
Property Size5,840 SF
Lot Size3.00 Acres
Price / SF$162.67
Days on Market1851
Property Features for 592 Aero Dr
General Information
- Standard status
- Active
- Size
- 5,840 SF
- Lot size
- 3.00 Acres
- Property subtype
- Industrial
Listing Agency:
Saperston Real Estate Corporation
(716) 847-1100
Listed By:
Howard Saperston · License #NY 31SA0006629
Source:
Crexi
Added: Jul 1, 2021
Changed: Jul 6
Last Checked: Jul 25 at 5:42AM
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 Saperston Real Estate Corporation
Investment Insights
Based on property information with market context.
The property at 592 Aero Drive in Cheektowaga is available for sale. This industrial building offers 5,840 square feet of space on a 3-acre lot. The building features 18' clearance and a clear span design. It includes two 14' doors and 220 3-phase power. The property also contains 2,000 square feet of office space, an oil and water separator, and 6" floors with drains. The zoning is Industrial.
Key Highlights
- 5,840 sf building on 3 acres of land zoned Industrial
- Clear span construction with 18' clearance
- Two 14' ft. doors for easy access
Financial Insights For Warehouse
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 | $59.6k | $10.20 |
| − Vacancy | −$1.1k | −$0.19 |
| EGI | $58.4k | $10.01 |
| − OpEx | −$8.8k | −$1.50 |
| NOI | $49.7k | $8.51 |
5,840 SF · lease $10.20/SF/yr · vacancy 1.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$709.6K
$620.9K – $827.9K
NOI $49,671 @ 7.0% cap · market cap 5.23%
Second Best
Industrial
$584.4K
$511.3K – $681.8K
NOI $40,905 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,308 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Landscaping & Snowplowing Maintenance ...
Landscaping
Similar Off Market Nearby
- Eaton Office Supply Co., Inc. — 55 amherst villa rd, buffalo, ny 14225
- Mr. Bill's Storage — 385 Lawrence Bell Dr, Williamsville, NY 14221
FAQs
What type of property is this?
Warehouse - 5,840 SF industrial building on a 3-acre lot.
Where is this warehouse located?
The property is located at 592 Aero Dr Buffalo, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 5,840 sf building on 3 acres of land zoned Industrial; Clear span construction with **18' clearance**; **Two 14' ft. doors** for easy access
