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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5959 Sheridan Dr Williamsville, NY 14221-5811

    • Sports & entertainment properties
    • 59,200 SF
    • 9.94 lot acres
    OFF-MARKET
    Value Estimations
    $1,035,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2238958
    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

    • Miller Tennis Center / Sports School / Sports Field & Court
    • Nick's Tennis and Pickleball / Tennis Store

    Property Details for 5959 Sheridan Dr

    Year built
    1979
    Lot size
    9.94 lot acres
    Property size
    59,200 SF
    Property type
    Sports & entertainment properties
    APN
    142289 69.04-1-8.2
    APU
    1422896904182

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $795,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,275,000
      Market price range: $982k - $2.99M

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

    Location Insight

    • Map
    • Local Demand
    City
    Williamsville
    County
    Erie
    State
    New York
    Longitude
    -78.7138
    Latitude
    42.9749
    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
    $57,422
    $1,320,000
    $570,000
    $1,890,000
    -
    $2,129,032
    $919,355
    $3,048,387

    Comparable in this City

    • Value Estimation
      $650,000
      22,606 SF

      1042 Wehrle Dr

      RECREATIONAL, ENTERTAINMENT • 22,606 SF
      1042 Wehrle Dr, Williamsville, NY 14221-7724
      View Details
    • Value Estimation
      $2,120,000
      121,023 SF

      2793 Wehrle Dr

      RECREATIONAL, ENTERTAINMENT • 121,023 SF
      2793 Wehrle Dr, Williamsville, NY 14221-7333
      View Details
    • Value Estimation
      $1,425,000
      91,280 SF

      162 Ml St

      RECREATIONAL, ENTERTAINMENT • 91,280 SF
      162 Ml St, Williamsville, NY 14221-5549
      View Details
    • Value Estimation by Request
      1,482 SF

      207 Youngs Rd

      RECREATIONAL, ENTERTAINMENT • 1,482 SF
      207 Youngs Rd, Buffalo, NY 14221-8401
      View Details
    • Value Estimation by Request
      390 SF

      91 Crown Pt Ln

      RECREATIONAL, ENTERTAINMENT • 390 SF
      91 Crown Pt Ln, Amherst, NY 14221
      View Details
    • Value Estimation by Request
      7,020 SF

      4401 Bryant And Stratton Way

      RECREATIONAL, ENTERTAINMENT • 7,020 SF
      4401 Bryant And Stratton Way, Buffalo, NY 14221-6013
      View Details

    Similar Nearby for Sale

    • $795,000
      8,700 SF

      Sheridan Drive Office Building

      Amherst, NY Office Space - $795,000
      6028 Sheridan Dr, Buffalo, NY 14221
      View Details
    • $599,000
      0.80 Acres

      Prime Commercial Land in Williamsville

      0.8-acre lot, ideal for development.
      8250 Main St, Williamsville, NY 14221
      View Details
    • $1,845,000
      11,822 SF

      Williamsville Office Building For Sale

      Turnkey medical office, 11,822 sq ft, vacant.
      825 Wehrle Dr, Williamsville, NY 14221
      View Details
    • $799,000
      4,920 SF

      Professional Office Building on Main

      Stand-alone office building in the heart of Amherst, NY.
      6512 Main St, Williamsville, NY 14221
      View Details
    • $1,450,000
      11,193 SF

      Retail Space with Parking Lot

      Retail property with vacant space and large parking areas.
      8670 Main St, Williamsville, NY 14221
      View Details
    • $1,095,000
      11,140 SF

      Approved Multi-Family Conversion Project

      Approved multi-family conversion project with tax exemptions in place.
      26 W Spring St, Buffalo, NY 14221
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Clarence Office and Fitness Space

      Office and fitness spaces for lease in Clarence, NY.
      5635 Harris Hill Rd, Buffalo, NY 14221
      View Details
    • $19 SF/Yr
      40,000 SF

      Williamsville Medical Office Building

      Class A Office Space, Flexible Lease Options
      1150 Youngs 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
      57,334 SF

      Spacious Office Space Available

      Well-located office space with on-site parking and property management.
      115 Lawrence Bell Dr, Buffalo, NY 14221
      View Details
    • Contact for pricing
      7,167 SF

      Renovated Medical Hub with Amenities

      Newly renovated medical hub near healthcare organizations with on-site amenities.
      6255 Sheridan Dr, Buffalo, NY 14221
      View Details
    • Contact for pricing
      10,860 SF

      Retail Space on Main Street

      Retail space with frontage on Main Street in Williamsville, NY.
      8166 Main St, Williamsville, NY 14221
      View Details
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    5959 Sheridan Dr
    Williamsville, NY 14221-5811
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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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