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    600 Cayuga Rd Cheektowaga, NY 14225
    Property profile & analytics

    600 Cayuga Rd, Cheektowaga, NY 14225

    View on Map
    • Warehouses
    • 29,748 SF
    • 3.25 lot acres
    For Lease
    $10 SF/Yr
    View Listing →
    Renovated Office and Warehouse Space For Lease
    $10 SF/Yr
    2,206 SF

    Renovated Office and Warehouse Space

    Renovated office and warehouse near Buffalo-Niagara International Airport.

    600 Cayuga Rd, Cheektowaga, NY 14225
    View Listing
    Property ID
    US63-1382770
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 600 Cayuga Rd

    Year built
    2003
    Lot size
    3.25 lot acres
    Property size
    29,748 SF
    Zone code
    05C
    Property type
    Warehouses
    APN
    143089 81.17-2-24.1
    APU
    14308981172241

    Description

    This Cheektowaga, NY property, known as "The Loft," offers a unique blend of office and industrial space, ideal for a variety of businesses. Located at 600 Cayuga Rd, 14225, this Class B building totals 29,748 square feet and sits on a 3.25-acre lot. The property is currently multi-tenant and offers flexible space options, with a minimum divisible unit of 300 square feet and a maximum contiguous space of 2,208 square feet. Currently, 4,310 square feet is vacant and available for lease. The building includes a fully renovated 2,208 square foot office space (completed in 2014), featuring up to 16 dedicated surface parking spots. In addition, there's over 2,000 square feet of warehouse space boasting 16-foot clear height and two grade-level doors. All utilities are included. The property's prime location across from the Buffalo-Niagara International Airport and a short drive from Erie and Southern Niagara County, provides excellent accessibility and visibility, with a high average daily traffic count of 18,123 on Cayuga Road. The space is easily subdividable to accommodate various business needs. This versatile property presents a compelling opportunity for businesses seeking a combination of office and warehouse space in a convenient and accessible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $667,000
      Market price range: $432k - $1.23M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cheektowaga
    County
    Erie
    State
    New York
    Longitude
    -78.746
    Latitude
    42.9479
    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
    $296,700
    $778,300
    $1,075,000
    -
    $326,044
    $855,275
    $1,181,319

    Comparable in this City

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    • Value Estimation
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      143,783 SF

      100 Sonwil Dr

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      View Details
    • Value Estimation
      $1,150,000
      40,356 SF

      200 Sonwil Dr

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    • Value Estimation
      $2,090,000
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      250 Sonwil Dr

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      View Details
    • Value Estimation
      $1,760,000
      28,480 SF

      700 Aero Dr

      WAREHOUSE, STORAGE • 28,480 SF
      700 Aero Dr, Buffalo, NY 14225-1408
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Industrial Warehouse on 3 Acres

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    • Contact for pricing
      4,100 SF

      Genesee Street Retail/Manufacturing Space

      Retail or light manufacturing space available for rent.
      3509 Genesee St, Buffalo, NY 14225
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    Similar Nearby for Lease

    • $7 SF/Yr
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      Industrial Space Near Buffalo Airport

      52,917 sq ft industrial space near Buffalo Airport.
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      View Details
    • Contact for pricing
      16,826 SF

      Industrial Warehouse Space Available

      16,826 SF warehouse with office space for rent.
      2576 Walden Ave, Buffalo, NY 14225
      View Details
    • $10 SF/Yr
      2,102 SF

      Warehouse and Office Space Available

      Warehouse and office space with grade doors and parking.
      600 Cayuga Rd, Buffalo, NY 14225
      View Details
    • $10 SF/Yr

      Renovated Office and Warehouse Space

      Renovated office and warehouse near Buffalo-Niagara International Airport.
      600 Cayuga Rd, Cheektowaga, NY 14225
      View Details
    View Listing
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    Cheektowaga, NY 14225
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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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    600 Cayuga Rd, Cheektowaga, NY, 14225
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