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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Investment properties
6035 Transit Rd East Amherst, NY 14051-1803
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-4090547
Property summary
AI-generated overview
This exceptional single-story retail building, constructed in 2010 and renovated in 2022, offers 6,700 square feet of commercial space at 6041 Transit Road, East Amherst, NY 14051. Located near Clarence Center Rd, the property boasts a convenient location with high visibility. The building is zoned COM and features two suites, with 2,000 square feet currently vacant. Spaces range from a minimum of 898 square feet to a maximum contiguous area of 2,500 square feet, providing flexibility for various business needs. Ample parking is available with 100+ spaces. The property benefits from its position in a thriving commercial area, adjacent to Transit Valley Country Club, and enjoys easy access to Transit Road. The building's modern design and recent renovations make it an ideal location for a variety of retail, office, or medical uses. Existing tenants include a diverse mix of businesses, including medical and dental offices, a salon, gym, and spa. This presents a unique opportunity to join an established and successful commercial center.
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2011
Total area
6,567 SF
Lot
0.85 ac (37,026 SF)
APN
143200 43.17-5-29.1
UPID
US63-4090547
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Buffalo Pharmacies, Inc. Pharmacy
-
theCoderSchool Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$640k
Blend (final)
Blend
$955k
Owner & transaction history
6035 Transit LLC · 10 yrs held
6035 Transit LLC
since 2016
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$955,000
+75.6%
Restaurant
$895,000
+65.1%
Neighborhood: shopping center
$890,000
+63.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs East Amherst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Amherst submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,360,000
6.5%
$1,255,000
7%
$1,165,000
Alternative Use
Use
Estimation
RETAIL STORES
$955,000
Change: +76% · Conversion: Easy
RESTAURANT
$895,000
Change: +65% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$890,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$765,000
Change: +41% · Conversion: Easy
AUTO REPAIR, GARAGE
$660,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$145 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$825,000
Assessed 2023
Previous assessed
$825,000
+0.0% YoY
Assessed land
$175,000
Assessed improvement
$650,000
Land market value
$218,750
Improvement market value
$812,500
Total market value
$1,031,250
Applied tax rate
142,203.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2011
Heating
NONE
Buildings
1
Stories
1
Total area
6,567 SF
Lot
0.85 ac (37,026 SF)
APN
143200 43.17-5-29.1
UPID
US63-4090547
Jurisdiction
ERIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$955,000
RESTAURANT
Est. value
$895,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$890,000
OFFICE BUILDING
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$660,000
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Stories
1
Buildings
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
6035 Transit LLC
Entity
Mailing address
9332 TRANSIT RDB, EAST AMHERST, NY 14051-1453
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2016
—
6035 Transit LLC
Voelkl LLC
Quit Claim Deed
—
—
—
Voelkl LLC
—
Deed Of Trust
related
$1,224,000 · Key Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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