Property profile & analytics
7474 Transit Rd Buffalo, NY 14221-6173
- Investment properties
- 4,000 SF
- 0.41 lot acres
OFF-MARKET
Value Estimations
$665,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US63-3986916
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
- GEICO Insurance Agent / Insurance Agency
- Munch Town / Grocery & Convenience Store
- Beltone Hearing Care Center / Hearing Assistance Earphone Store / Hearing Aid Store
- Oasis Smoke Shop / (Bike/Boat/Book/etc) Store
- The Jungle / (Bike/Boat/Book/etc) Store
Property Details for 7474 Transit Rd
- Year built
- 1976
- Lot size
- 0.41 lot acres
- Property size
- 4,000 SF
- Zone code
- GB
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 142289 70.13-2-14.1
- APU
- 14228970132141
Description
This exceptional 4,000 square foot retail property, located at 7474 Transit Road in Williamsville, NY (zip code 14221), presents a unique investment opportunity. Situated in Erie County, across from the Eastern Hills Mall in the thriving town of Amherst – Buffalo's largest suburb – this single-tenant space offers significant visibility and accessibility. The building boasts a total of 4,000 square feet, currently configured as a single retail unit of 1,000 square feet, with potential for flexible use as retail, office, or medical space. Its prime location on Transit Road ensures high exposure to a substantial customer base. Transit Road experiences an average annual daily traffic count of approximately 33,608 vehicles, guaranteeing consistent foot traffic and brand visibility. This property is ideal for businesses seeking a strategic location within a bustling commercial area, benefiting from the proximity to a major shopping mall and a dense population. The property's versatility and high-traffic location make it an attractive prospect for a variety of commercial ventures. This is a rare opportunity to secure a well-positioned retail space in a highly desirable area of Western New York.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $720,000
- 6.5%
- $665,000
- 7%
- $615,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $791,000
- AI Estimate
- $545,000
Market price range: $414k - $792kMarket price range: $221k - $612k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $610,000 Current use
- RETAIL STORES
- $575,000 Change: -6% Conversion: Easy
- OFFICE BUILDING
- $565,000 Change: -8% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $520,000 Change: -15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.6973
- Latitude
- 42.9716
- 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
$12,542
$370,000
$125,000
$495,000
-
$596,774
$201,613
$798,387
