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    8655 Transit Rd East Amherst, NY 14051-1013

    • Warehouses
    • 19,679 SF
    • 3.37 lot acres
    OFF-MARKET
    Last Sale
    Jul 18, 2022
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3299454
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Niagara Implement Inc / Tractor Dealer
    • Belknap Heating & Cooling Co, Inc. / General Contractor / Hot Water System Supplier

    Property Details for 8655 Transit Rd

    Year built
    1942
    Lot size
    3.37 lot acres
    Property size
    19,679 SF
    Property type
    Warehouses
    APN
    143200 5.00-1-1
    APU
    14320050011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Amherst
    County
    Erie
    State
    New York
    Longitude
    -78.6961
    Latitude
    43.0858
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $93,000
    $447,000
    $540,000
    -
    $116,250
    $558,750
    $675,000

    Comparable in this City

    • Value Estimation
      $245,000
      5,000 SF

      7545 Transit Rd

      BULK STORAGE, TANKS • 5,000 SF
      7545 Transit Rd, East Amherst, NY 14051-1161
      View Details
    • Value Estimation
      $350,000
      7,700 SF

      8270 County Rd

      WAREHOUSE, STORAGE • 7,700 SF
      8270 County Rd, East Amherst, NY 14051
      View Details
    • Value Estimation
      $210,000
      2,400 SF

      8275 Transit Rd

      WAREHOUSE, STORAGE • 2,400 SF
      8275 Transit Rd, East Amherst, NY 14051
      View Details
    • Value Estimation
      $595,000
      8,416 SF

      8033 Transit Rd

      WAREHOUSE, STORAGE • 8,416 SF
      8033 Transit Rd, East Amherst, NY 14051-1027
      View Details
    • Value Estimation
      $275,000
      2,109 SF

      7871 Transit Rd

      WAREHOUSE, STORAGE • 2,109 SF
      7871 Transit Rd, East Amherst, NY 14051-1007
      View Details
    • Value Estimation
      $320,000
      7,360 SF

      7071 Transit Rd

      WAREHOUSE, STORAGE • 7,360 SF
      7071 Transit Rd, East Amherst, NY 14051-1108
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land on Casey Road

      1.4 acres of commercial land with high traffic volume.
      9290 Transit Rd, East Amherst, NY 14051
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      Lancaster Vacant Commercial Land

      Vacant commercial land in Lancaster, NY, approximately 3.67 acres.
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      Vacant Treed Lot For Sale

      Vacant treed lot with riparian rights and 174' frontage.
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      1,225 SF

      Corner Retail Space Available

      Retail space with high visibility and traffic counts.
      5567 Millersport Hwy, East Amherst, NY 14051
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    • $2,500,000
      14,710 SF

      East Amherst Commercial Property For Sale

      High-visibility 14,710 SF building on 2.06 acres in East Amherst.
      9170 Transit Rd, East Amherst, NY 14051
      View Details
    • $1,250,000
      207,010 SF

      Transit Road Development Opportunity

      6.88-acre development site approved for mixed-use project.
      7631 Transit Rd, East Amherst, NY 14051
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      6,444 SF

      Executive Office Suite in East Amherst

      Prime Office Space, 2,200 sq ft Available
      8610 Transit Rd, East Amherst, NY 14051
      View Details
    • Contact for pricing

      Transit Road Auto Repair Shop

      Auto repair shop with garage, office, and waiting room.
      5661 Transit Rd, East Amherst, NY 14051
      View Details
    • $17 SF/Yr

      Transit Road Retail/Office Space

      1,420 SF retail/office space in high-traffic Transit Valley Plaza.
      5853 Transit Rd, East Amherst, NY 14051
      View Details
    • Contact for pricing

      Transit Road Professional Office Space

      Professional office space with excellent visibility and ample parking.
      6161 Transit Rd, East Amherst, NY 14051
      View Details
    • Contact for pricing

      Prime Land on Transit Road

      3.29 +/- acres with high visibility and traffic signal.
      5565 Millersport Hwy, Amherst, NY 14051
      View Details
    • Contact for pricing
      1,200 SF

      Move-in Ready Office Space

      Built-out office space for rent in East Amherst, NY.
      9370-9392 Transit Rd, East Amherst, NY 14051
      View Details
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    East Amherst, NY 14051-1013
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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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