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

    6495 Transit Rd Bowmansville, NY 14026-1049

    • Warehouses
    • 6,750 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    May 15, 2024
    $700,000
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6114128
    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

    • STS Trailer, Truck, and Equipment - Buffalo / Trailer Repair Shop / Truck Accessories Store
    • Big G Roofing & Siding LLC / Roofing Contractor
    • Innovative Realty Services, Inc. / General Contractor / Real Estate Agency
    • Bella Vista Group / Commercial Real Estate Agency / Property Management Company
    • 81 & 3 of Florida Inc / Real Estate Developer

    Property Details for 6495 Transit Rd

    Year built
    1998
    Lot size
    0.36 lot acres
    Property size
    6,750 SF
    Property type
    Warehouses
    APN
    145289 93.05-1-17.11
    APU
    145289930511711

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $700,000
      ML approach
      $700,000

    • Alternative Use

      Use
      Estimation
      WASTE DISPOSAL, SEWAGE (PROCESSING, DISPOSAL, STORAGE, TREATMENT)
      $670,000
      Current use
      RESTAURANT
      $645,000
      Change: -4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $565,000
      Change: -16% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $560,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bowmansville
    County
    Erie
    State
    New York
    Longitude
    -78.6956
    Latitude
    42.9413
    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
    $22,100
    $288,900
    $311,000
    -
    $29,469
    $385,231
    $414,700

    Comparable in this City

    • Value Estimation by Request
      3,850 SF

      6511 Transit Rd

      Distribution properties • 3,850 SF
      6511 Transit Rd, Bowmansville, NY 14026
      View Details
    • Value Estimation
      $420,000
      7,500 SF

      6509 Transit Rd

      BULK STORAGE, TANKS • 7,500 SF
      6509 Transit Rd, Bowmansville, NY 14026-1000
      View Details
    • Value Estimation
      $310,000
      3,825 SF

      6497 Transit Rd, Unit 6517

      WAREHOUSE, STORAGE • 3,825 SF
      6497 Transit Rd, Bowmansville, NY 14026-1043
      View Details
    • Value Estimation
      $230,000
      0.52 Acres

      5160 Genesee St

      PARKING LOT • 0.52 Acres
      5160 Genesee St, Bowmansville, NY 14026
      View Details
    • Value Estimation
      $335,000
      2,298 SF

      5204 Genesee St

      OFFICE BUILDING • 2,298 SF
      5204 Genesee St, Bowmansville, NY 14026-1038
      View Details
    • Value Estimation
      $370,000
      2,936 SF

      5363 Genesee St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,936 SF
      5363 Genesee St, Bowmansville, NY 14026-1034
      View Details

    Similar Nearby for Sale

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      Lancaster Multifamily Property for Sale

      Multifamily property available in Lancaster, New York.
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    • $250,000

      Bowmansville Land with Thruway Exposure

      3.7-acre developable land with utilities and Thruway frontage.
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      Bowmansville Commercial Land

      3.7 Acres, I-90 Visibility
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      Prime Developable Land I-90 Exposure

      20-acre developable land with utilities and Thruway exposure.
      475 Harris Hill Rd, Lancaster, NY 14026
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    • $1,500,000

      Transit Road Commercial Land Available

      Four-acre commercial land with high visibility and frontage.
      6500 Transit Rd, Bowmansville, NY 14026
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    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      6509 Transit Rd

      Distribution properties
      6509 Transit Rd, Bowmansville, NY 14026
      View Details
    • $8 SF/Yr
      6,483 SF

      Bowmansville Warehouse with Office Space

      Warehouse space with office, convenient access to major transportation routes.
      6515 Transit Rd, Bowmansville, NY 14026
      View Details
    • Contact for pricing
      152,460 SF

      Transit Road Development Site

      High-visibility Lancaster, NY commercial land
      0 Transit Rd And Genesee St, Bowmansville, NY 14026
      View Details
    • $5 SF/Yr
      6,249 SF

      Bowmansville Office Space Available

      Flexible workspace solutions in Erie County.
      5360 Genesee St, Bowmansville, NY 14026
      View Details
    • $18 SF/Yr
      2,321 SF

      Bowmansville Office Space Available

      Office suites for lease near NY State Thruway.
      6495 Transit Rd, Bowmansville, NY 14026
      View Details
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    6495 Transit Rd
    Bowmansville, NY 14026-1049
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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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