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    Property profile & analytics

    Transit Rd And Genesee St Bowmansville, NY 14026

    • Land
    • 3.50 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Transit Rd And Genesee St

    Lot size
    3.50 lot acres
    Property type
    Land

    Description

    This exceptional 3.5-acre commercial development site boasts 830 feet of frontage on high-traffic Transit Road in Lancaster, NY (near Buffalo). Its prime location offers unparalleled visibility and accessibility, situated within the General Commercial District and/or Access Management Overlay District of Erie County. The property is ideally positioned for a variety of commercial uses, benefiting from its proximity to key transportation arteries. Just five minutes away is the Buffalo Niagara International Airport, providing convenient access for air travel. The New York State Thruway (I-90) is also less than five minutes away, facilitating easy interstate travel. Furthermore, the site is a short 25-minute drive from the Canadian border, opening up opportunities for cross-border commerce. The surrounding area is well-established, with numerous hotels, restaurants, retail establishments, and office parks, creating a vibrant and supportive business environment. This strategic location and ample frontage make this site an exceptional investment opportunity for developers seeking high-impact commercial projects. The property is available for sale or lease, presenting a flexible option for potential buyers or tenants. The address is Transit Road and Genesee St, Lancaster (Buffalo), NY 14026.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bowmansville
    County
    Erie
    State
    New York
    Longitude
    -78.697
    Latitude
    42.9431

    Comparable in this City

    • Value Estimation by Request
      3.70 Acres

      460 Harris Hill Rd

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    • Value Estimation
      $230,000
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      5360 Genesee St Ste, Unit 201

      COMMERCIAL (GENERAL) • 0.43 Acres
      5360 Genesee St Ste, Bowmansville, NY 14026-1044
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    • Value Estimation
      $245,000
      1.40 Acres

      6495 Transit Rd

      COMMERCIAL (GENERAL) • 1.40 Acres
      6495 Transit Rd, Bowmansville, NY 14026-1049
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    • Value Estimation
      $245,000
      0.10 Acres

      6495 Transit Rd

      COMMERCIAL (GENERAL) • 0.10 Acres
      6495 Transit Rd, Bowmansville, NY 14026-1049
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    • Value Estimation
      $245,000
      0.16 Acres

      6495 Transit Rd

      COMMERCIAL (GENERAL) • 0.16 Acres
      6495 Transit Rd, Bowmansville, NY 14026-1049
      View Details
    • Value Estimation by Request
      2.09 Acres

      6495 Transit Rd

      VACANT COMMERCIAL LAND • 2.09 Acres
      6495 Transit Rd, Bowmansville, NY 14026-1049
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      152,460 SF

      Transit Road Development Site

      High-visibility Lancaster, NY commercial land
      0 Transit Rd And Genesee St, Bowmansville, NY 14026
      View Details
    • $5 SF/Yr
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      Bowmansville Office Space Available

      Flexible workspace solutions in Erie County.
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    • $18 SF/Yr
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      Bowmansville Office Space Available

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      6495 Transit Rd, Bowmansville, NY 14026
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      1,500 SF

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    • $8 SF/Yr
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      Bowmansville Warehouse with Office Space

      Warehouse space with office, convenient access to major transportation routes.
      6515 Transit Rd, Bowmansville, NY 14026
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    Transit Rd And Genesee St
    Bowmansville, NY 14026
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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