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    Industrial Building on 3 Acres Title is generated by Realmo AI

    592 Aero Dr, Buffalo, NY 14225

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    5,840 SF industrial building on a 3-acre lot.

    Type:Industrial
    Property size:
    5,840 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $162/SF
    Added:
    Jul 1, 2021
    Days on Market:
    1806
    Last Refresh:
    May 19 at 8:39 pm

    Property Features for 592 Aero Dr

    General Information

    Standard status
    Active
    Size
    5,840 SF
    Lot size
    3.00 Acres
    Property subtype
    Industrial

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    Listing Contact
    Howard Saperston

    Listing agent Howard Saperston License #NY 31SA0006629

    Listing office Saperston Real Estate Corporation

    Listing date Jul 1, 2021

    Source Crexi

    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

    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
    • 220 3 phase power
    • Includes 2,000 sf of office space
    • Equipped with oil and water separator and 6" floor drains

    Overview

    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.

    Local 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 (±1% cap)
    NOI $49,671 @ 7.0% cap · market cap 5.23%
    Second Best
    Industrial
    $584.4K
    $511.3K – $681.8K (±1% cap)
    NOI $40,905 @ 7.0% cap · market cap 4.31%
    Theoretical Best
    Office A
    $1.40M
    $1.23M – $1.64M (±1% cap)
    NOI $98,308 @ 7.0% cap · market cap 10.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Landscaping & Snowplowing Maintenance ... Landscaping

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Eaton Office Supply Co., Inc. — 55 amherst villa rd, buffalo, ny 14225
    • Mr. Bill's Storage — 385 Lawrence Bell Dr, Williamsville, NY 14221

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.717658
    Latitude
    42.941333

    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
    More about this property
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