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

    7408 Transit Rd Buffalo, NY 14221-6019

    • Automotive properties
    • 33,078 SF
    • 4.02 lot acres
    OFF-MARKET
    Last Sale
    Dec 31, 2020
    Value Estimations
    $2,185,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3469000
    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

    • Mopar Express Lane. / Auto Repair Shop
    • Electric Vehicle Charging Station / Electric Vehicle Charging Station
    • Transitowne Jeep Chrysler Dodge Ram Williamsville / Chrysler Dealer / Dodge Dealer
    • Transitowne Jeep Chrysler Dodge Ram Williamsville Parts Department / Auto Parts Store / Auto Parts Market
    • Transitowne Collision Williamsville / Auto Body Shop / Auto Glass Shop

    Property Details for 7408 Transit Rd

    Year built
    1966
    Lot size
    4.02 lot acres
    Property size
    33,078 SF
    Zone code
    GB
    Property type
    Automotive properties
    APN
    142289 70.17-3-5.1
    APU
    1422897017351

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,344,000
      Market price range: $1.63M - $5.57M
      AI Estimate
      $2,021,000
      Market price range: $656k - $5.06M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,220,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.698
    Latitude
    42.9689
    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
    2019
    $71,371
    $2,400,000
    $410,000
    $2,810,000
    -
    $3,870,968
    $661,290
    $4,532,258

    Comparable in this City

    • Value Estimation
      $1,125,000
      15,165 SF

      4131 Sheridan Dr

      VEHICLE SALES, RENTALS • 15,165 SF
      4131 Sheridan Dr, Williamsville, NY 14221-4302
      View Details
    • Value Estimation
      $2,135,000
      28,540 SF

      4811 Transit Rd

      VEHICLE SALES, RENTALS • 28,540 SF
      4811 Transit Rd, Buffalo, NY 14221-4121
      View Details
    • Value Estimation
      $6,000,000
      11,238 SF

      8240 Main St

      VEHICLE SALES, RENTALS • 11,238 SF
      8240 Main St, Williamsville, NY 14221-6028
      View Details
    • Value Estimation
      $4,760,000
      15,896 SF

      7460 Transit Rd

      VEHICLE SALES, RENTALS • 15,896 SF
      7460 Transit Rd, Buffalo, NY 14221-6019
      View Details
    • Value Estimation
      $905,000
      9,179 SF

      6868 Transit Rd, Unit 6900

      VEHICLE SALES, RENTALS • 9,179 SF
      6868 Transit Rd, Buffalo, NY 14221-7202
      View Details
    • Value Estimation by Request
      1,711 SF

      8150 Main St

      VEHICLE SALES, RENTALS • 1,711 SF
      8150 Main St, Williamsville, NY 14221-6031
      View Details

    Similar Nearby for Sale

    • $1,450,000
      11,193 SF

      Retail Space with Parking Lot

      Retail property with vacant space and large parking areas.
      8670 Main St, Williamsville, NY 14221
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    • $1,400,000
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      Williamsville Shopping Center Investment

      Prime Retail Plaza, 100% Occupancy, High NOI
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    • $925,000
      10,000 SF

      Sheridan Drive Retail/Residential Redevelopment

      Prime redevelopment site with retail and residential buildings.
      8511-8521 Sheridan Dr, Williamsville, NY 14221
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    • Contact for pricing

      Fully Leased Transit Road Plaza

      23,334 SF strip center on 13.69 acres.
      5445 Transit Rd, Williamsville, NY 14221
      View Details
    • $2,495,000
      6,982 SF

      Transit Road Restaurant/Retail Opportunity

      Highly visible 7,000sf building on Transit Road, suitable for redevelopment.
      7540 Transit Rd, Williamsville, NY 14221
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    • $1,650,000
      3,950 SF

      Williamsville Retail Investment Opportunity

      Fully leased multi-tenant property in a high-traffic Williamsville location.
      5429 Main St, Williamsville, NY 14221
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      8,500 SF

      Main Street Retail Opportunity

      Retail spaces and ground lease opportunity available on Main Street.
      5363 Main St, Williamsville, NY 14221
      View Details
    • Contact for pricing

      Former Auto Parts Store Available

      Retail space in Transitown Plaza, corner location, ready to move-in.
      4285 Transit Rd, Williamsville, NY 14221
      View Details
    • Contact for pricing
      50,000 SF

      Eastern Hills Town Center Opportunity

      Mixed-use development with office, retail, and residential spaces.
      4545 Transit Rd, Buffalo, NY 14221
      View Details
    • Contact for pricing
      2,111 SF

      Retail Space in Williamsville Village

      2,111 SF retail space with high visibility and parking.
      5870 Main St, Williamsville, NY 14221
      View Details
    • $13 SF/Yr
      4,937 SF

      Retail Space in High-Traffic Area

      Retail space with extensive renovations and high visibility.
      4401 Transit Rd, Williamsville, NY 14221
      View Details
    • Contact for pricing
      10,860 SF

      Retail Space on Main Street

      Retail space with frontage on Main Street in Williamsville, NY.
      8166 Main St, Williamsville, NY 14221
      View Details
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    7408 Transit Rd
    Buffalo, NY 14221-6019
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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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