Property profile

6399 Transit Rd East Amherst, NY 14051

OFF-MARKET
Other warehouses
Property ID
US63-0447906
3,950 SF 0.92 ac lot Built 1926
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a commercial building with flexible configuration and multiple structures, including a storage building and a multi-level office area. A 2005 addition was built to the main structure, and a storage building was constructed in 2018. The storage building is approximately 1,872 sq. ft. (52 ft by 36 ft) and has a 5-foot-thick concrete floor over 2 feet of compacted stone, with overhead doors including two 9-foot doors, one 10-foot door, and one 12-foot door. The office portion is approximately 1,800 sq. ft. across two floors in the front section, with an additional 1,600 sq. ft. addition built in 2005; the office area includes several private offices, including three offices on the second floor, and features two ADA-compliant bathrooms, an ADA entrance ramp, and a full, clean basement in the front section. The property has had a HVAC system and roof installed in 2005 and added double-hung replacement windows to the first and second floors of the front office in 2018. It is zoned for commercial use and is located on Transit Road (between Casey Road and Roll Road, directly across from Aldi Foods and CVS), on a lot sized 100 ft by 400 ft (0.92 acres) with 100 ft of frontage and a parking lot with drainage (3 drains) and parking lot lights on a timer. Construction includes 2x10 framing lumber for floors and roof, with a pylon sign featuring changeable 3-inch letters and numbers. The building is served by 200 AMP single-phase power and includes CAT 6 cabling throughout, multiple phone jacks with five dedicated phone lines, FIOS, a gas fireplace, solar-tinted office windows, and three entrance doors, along with parking that provides one ADA space and ten additional spaces.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1926
Total area 3,950 SF
Lot 0.92 ac (40,000 SF)
APN 143200 43.09-4-4
UPID US63-0447906

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
  • Gym & Fitness Center Alternative Medicine Practice
  • Construction Company

Location

6399 Transit Rd East Amherst, NY 14051-1621
East Amherst metro Census 14606 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$945k
CAP Approach CAP
$760k
Comparable Approach Comparable
by Request
Blend (final) Blend
$895k

Owner & transaction history

since 2023
Last sale
$860,000
1 recorded transaction
2023
$860,000

Zoning & alternative use

Top alternative use upside
Retail stores $575,000 +147.7%
Neighborhood: shopping center $535,000 +130.8%

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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