Property profile & analytics
7060 Erie Rd Derby, NY 14047-9430
- Office buildings
- 15,282 SF
- 5.06 lot acres
OFF-MARKET
Value Estimations
$1,605,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US63-3673634
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
- Western New York Urology Associates, LLC / Medical Clinic / Physician
- Dr. Phillip J. Seereiter Jr, MD / Physician / Medical Clinic
- Lakeshore Family Medicine Associates / Medical Clinic
- Cavalieri Morris M MD / Pediatrician / Physician
- Dr. Henna M. Sheikh, MD / Pediatrician / Physician
Property Details for 7060 Erie Rd
- Year built
- 2008
- Lot size
- 5.06 lot acres
- Property size
- 15,282 SF
- Property type
- Office buildings
- APN
- 144489 206.00-3-39.112
- APU
- 14448920600339112
Description
This exceptional 22-acre parcel in Derby, New York, presents a unique investment opportunity. Located at the intersection of Erie Road (Route 5) and Delamater Roads in the Town of Evans (Village of Derby), this property boasts significant frontage on both major thoroughfares: nearly 1,200 feet along Erie Road and almost 1,500 feet along Delamater Road. The zoning is strategically divided, with approximately half designated GB General Business along Erie Road, catering to commercial development, and the remaining portion zoned R-1 Single Family, offering flexibility for mixed-use projects. The property's prime location offers excellent visibility and accessibility, situated about half a mile south of a bustling Tops Supermarket Plaza, anchored by popular retailers such as Family Dollar, McDonald's, Dollar General, Ace Hardware, and Auto Zone. A significant advantage is the presence of an 8-inch sewer line running along the entire frontage of both Erie and Delamater Roads, simplifying infrastructure development. This substantial land area, combined with its strategic location and versatile zoning, makes it an attractive prospect for developers seeking a high-impact commercial venture in a thriving community. The asking price is $900,000.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,903,000
- AI Estimate
- $1,088,000
Market price range: $1.11M - $2.59MMarket price range: $424k - $1.62M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,785,000 Current use
- RETAIL STORES
- $2,220,000 Change: +24% Conversion: Moderate
- RESTAURANT
- $2,090,000 Change: +17% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $2,070,000 Change: +16% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,535,000 Change: -14% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Derby
- County
- Erie
- State
- New York
- Longitude
- -78.9965
- Latitude
- 42.6946
- 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
$197,100
$1,011,600
$1,208,700
-
$339,828
$1,744,138
$2,083,966
