Property profile

2875 Un Rd Cheektowaga, NY 14227

OFF-MARKET
Banks
Property ID
US63-2481908
420,205 SF 34.42 ac lot Built 1970
Individually Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office opportunity is located within the prestigious AppleTree Business Park at 2875 Union Road, Cheektowaga, NY 14227. The property boasts a total of 388,903 square feet across two stories, offering flexible spaces to suit various business needs. Currently, there are 49,955 square feet of vacant space available, divisible into units as small as 1,251 square feet and up to a contiguous 25,324 square feet. The building, originally constructed in 1970, underwent significant renovations in 2000 and most recently in 2023, ensuring modern amenities and a well-maintained environment. Its convenient location in Cheektowaga, New York, offers easy access to major transportation arteries, including the New York State Thruway and the Kensington Expressway. Furthermore, the park benefits from a central NFTA bus hub, providing convenient public transportation via routes 1 and 69. Cheektowaga's strong sense of community and proximity to the Buffalo Niagara International Airport add to the property's appeal. This is an ideal location for businesses seeking a blend of accessibility, modern facilities, and a welcoming community atmosphere within Erie County. The property is classified as Executive Office space and offers multiple tenancy options.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1970
Total area 420,205 SF
Lot 34.42 ac (1,499,335 SF)
Zoning code 5
APN 143089 113.12-2-28.311
UPID US63-2481908

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Government Economic Program

Location

2875 Un Rd Cheektowaga, NY 14227-1470
Cheektowaga metro Census 10803 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$17.02M
Blend (final) Blend
$21.64M

Owner & transaction history

since 2021
7 recorded transactions
2021
$135,000
2021
Price N/A
2021
Price N/A
2011
Price N/A
2011
Price N/A
2011
Price N/A
1969
Price N/A

Zoning & alternative use

5 · Cheektowaga, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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