Property profile

7060 Erie Rd Derby, NY 14047

OFF-MARKET
Office buildings
Property ID
US63-3673634
15,282 SF 5.06 ac lot Built 2008
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2008
Total area 15,282 SF
Lot 5.06 ac (220,414 SF)
APN 144489 206.00-3-39.112
UPID US63-3673634

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
  • Medical Clinic Physician
  • Physician Medical Clinic
  • Medical Clinic
  • Pediatrician Physician
  • Pediatrician Physician

Location

7060 Erie Rd Derby, NY 14047-9430
Derby metro Census 15401 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.90M
Blend (final) Blend
$1.61M

Owner & transaction history

since 2019
2 recorded transactions
2019
$2.4M
2006
$217,000

Zoning & alternative use

Top alternative use upside
Retail stores $2.2M +24.4%
Restaurant $2.1M +17.0%
Neighborhood: shopping center $2.1M +15.9%

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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