Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Transit Rd & Maple Rd Williamsville, NY 14221

    • Community centers
    • 141,639 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 0 Transit Rd & Maple Rd

    Property size
    141,639 SF
    Property type
    Community centers
    Property subtype
    Retail properties

    Description

    Premier Place, located at 7864-8020 Transit Rd, Williamsville, NY 14221 (Transit Rd & Maple Rd intersection), offers exceptional retail space for lease. This community retail center boasts a total of 141,639 square feet, currently featuring four individual suites. Opportunities exist for businesses seeking spaces ranging from a minimum of 1,400 square feet to a maximum contiguous space of 3,988 square feet. A total of 10,704 square feet is currently vacant, presenting a unique chance to establish or expand your retail presence in a prime Williamsville location. The property is situated in Erie County, New York, providing convenient access for customers and employees alike. This is an ideal location for businesses seeking high visibility and strong foot traffic. The multiple tenancy structure allows for a diverse range of businesses to thrive within the center, creating a vibrant and attractive shopping destination. The available spaces offer flexibility for various retail concepts, making Premier Place a compelling option for businesses of all sizes. Inquire today to learn more about the available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Williamsville
    County
    Erie
    State
    New York
    Longitude
    -78.6969
    Latitude
    42.99

    Comparable in this City

    • Value Estimation by Request
      141,998 SF

      7864-8020 Transit Rd

      Lifestyle centers • 141,998 SF
      7864-8020 Transit Rd, Buffalo, NY 14221
      View Details
    • Value Estimation
      $9,805,000
      110,712 SF

      5183 Transit Rd

      MINI-MALL • 110,712 SF
      5183 Transit Rd, Buffalo, NY 14221-4131
      View Details
    • Value Estimation
      $15,715,000
      176,108 SF

      8150 Transit Rd, Unit 8250

      MINI-MALL • 176,108 SF
      8150 Transit Rd, Buffalo, NY 14221-2806
      View Details
    • Value Estimation
      $770,000
      9,460 SF

      8420 Transit Rd, Unit 1

      MINI-MALL • 9,460 SF
      8420 Transit Rd, Buffalo, NY 14221-2818
      View Details
    • Value Estimation
      $2,105,000
      24,617 SF

      5301 Transit Rd

      MINI-MALL • 24,617 SF
      5301 Transit Rd, Buffalo, NY 14221-2823
      View Details
    • Value Estimation
      $7,885,000
      107,606 SF

      4139 Transit Rd

      MINI-MALL • 107,606 SF
      4139 Transit Rd, Buffalo, NY 14221-7210
      View Details

    Similar Nearby for Sale

    • $1,400,000
      5,084 SF

      Williamsville Shopping Center Investment

      Prime Retail Plaza, 100% Occupancy, High NOI
      4125 Transit Rd, Williamsville, NY 14221
      View Details
    • $4,412,072
      5,200 SF

      Retail Property on Sheridan Drive

      Retail property featuring 5,200 square feet of space.
      5105 Sheridan Dr, Buffalo, NY 14221
      View Details
    • $299,900
      2,934 SF

      Mixed-Use Building in Williamsville

      Mixed-use property with redevelopment potential in the heart of Williamsville.
      27 West Spring St, Williamsville, NY 14221
      View Details
    • $925,000
      10,000 SF

      Sheridan Drive Retail Complex

      Prime Williamsville location, high traffic.
      8511-8521 Sheridan Dr, Buffalo, NY 14221
      View Details
    • Contact for pricing

      Fully Leased Transit Road Plaza

      23,334 SF strip center on 13.69 acres.
      5445 Transit Rd, Williamsville, NY 14221
      View Details
    • $2,995,000
      11,461 SF

      Transit Road Restaurant/Retail

      Prime Buffalo location, 11,461 sq ft.
      6766 Transit Rd, Buffalo, NY 14221
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      141,639 SF

      Premier Place Retail Space in Williamsville

      Four Suites Available, 1,400-3,988 SF
      0 Transit Rd & Maple Rd, Williamsville, NY 14221
      View Details
    • $19 SF/Yr
      3,870 SF

      Clarence, NY Office Building For Lease

      Prime Main Street Office/Retail Space
      8680 Main St, Williamsville, NY 14221
      View Details
    • $18 SF/Yr
      5,649 SF

      Williamsville Italian Restaurant Sale

      Turnkey Italian Restaurant, Prime Location
      123 1St St, Williamsville, NY 14221
      View Details
    • Contact for pricing
      50,000 SF

      Eastern Hills Town Center Opportunity

      Mixed-use development with office, retail, and residential spaces.
      4545 Transit Rd, Buffalo, NY 14221
      View Details
    • $13 SF/Yr
      4,937 SF

      Retail Space in High-Traffic Area

      Retail space with extensive renovations and high visibility.
      4401 Transit Rd, Williamsville, NY 14221
      View Details
    • Contact for pricing
      5,460 SF

      Prime Retail Space in Buffalo

      5,460 SF retail space in high-traffic Buffalo corridor.
      4221 Transit Rd, Buffalo, NY 14221
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Transit Rd & Maple Rd
    Williamsville, NY 14221
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.