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    Property profile & analytics

    550 Smith Rd East Amherst, NY 14051

    • Sports & entertainment properties
    • 37,183 SF
    • 62.32 lot acres
    OFF-MARKET
    Value Estimations
    $4,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2880687
    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

    • Smith Road Paw Park / Dog Park / Tourist Attraction

    Property Details for 550 Smith Rd

    Year built
    1989
    Lot size
    62.32 lot acres
    Property size
    37,183 SF
    Zone code
    RC
    Property type
    Sports & entertainment properties
    APN
    142289 16.00-4-20.1
    APU
    14228916004201

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,424,000
      Market price range: $689k - $4.42M
      AI Estimate
      $4,809,000
      Market price range: $721k - $4.81M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,400,000
      RESTAURANT
      $5,080,000
      NEIGHBORHOOD: SHOPPING CENTER
      $5,035,000
      OFFICE BUILDING
      $4,345,000
      AUTO REPAIR, GARAGE
      $3,740,000
      COMMERCIAL (GENERAL)
      $3,075,000

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

    Location Insight

    • Map
    • Local Demand
    City
    East Amherst
    County
    Erie
    State
    New York
    Longitude
    -78.7184
    Latitude
    43.0549
    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
    2019
    $2,995
    $750,000
    $4,285,824
    $5,035,824
    -
    $1,209,677
    $6,912,620
    $8,122,297

    Comparable in this City

    • Value Estimation
      $745,000
      6,960 SF

      6215 Transit Rd

      RECREATIONAL, ENTERTAINMENT • 6,960 SF
      6215 Transit Rd, East Amherst, NY 14051-2619
      View Details
    • Value Estimation
      $1,030,000
      10,000 SF

      5921 Transit Rd

      RECREATIONAL, ENTERTAINMENT • 10,000 SF
      5921 Transit Rd, East Amherst, NY 14051-1874
      View Details
    • Value Estimation by Request
      3,477 SF

      8041 Transit Rd

      RECREATIONAL, ENTERTAINMENT • 3,477 SF
      8041 Transit Rd, East Amherst, NY 14051
      View Details
    • Value Estimation by Request
      2,400 SF

      3755 Tonawanda Crk Rd

      GOLF COURSE • 2,400 SF
      3755 Tonawanda Crk Rd, East Amherst, NY 14051
      View Details
    • Value Estimation
      $4,045,000
      33,704 SF

      8920 Transit Rd

      COUNTRY CLUB • 33,704 SF
      8920 Transit Rd, East Amherst, NY 14051-1804
      View Details
    • Value Estimation
      $940,000
      7,553 SF

      711 Smith Rd

      GOLF COURSE • 7,553 SF
      711 Smith Rd, East Amherst, NY 14051-1102
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land on Casey Road

      1.4 acres of commercial land with high traffic volume.
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      Lancaster Vacant Commercial Land

      Vacant commercial land in Lancaster, NY, approximately 3.67 acres.
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    • $1,250,000

      Transit Road Development Opportunity

      6.88-acre development site approved for mixed-use project.
      7631 Transit Rd, East Amherst, NY 14051
      View Details
    • $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
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    • Contact for pricing
      1,225 SF

      Corner Retail Space Available

      Retail space with high visibility and traffic counts.
      5567 Millersport Hwy, East Amherst, NY 14051
      View Details
    • Contact for pricing
      18.70 Acres

      East Amherst Farm & Development Land

      18.7 Acres, Residential Potential
      8250 Lapp Rd, East Amherst, NY 14051
      View Details

    Similar Nearby for Lease

    • $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
    • $22 SF/Yr

      Professional Office Suites on Transit

      Office suites available in a convenient East Amherst location.
      6465 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
    • $240 SF/Yr
      6,700 SF

      Transit Road Retail Space

      East Amherst, NY retail opportunity
      6035 Transit Rd, East Amherst, NY 14051
      View Details
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    550 Smith Rd
    East Amherst, NY 14051
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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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