Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8500 Transit Rd Amherst, NY 14221-2836

    • Community centers
    • 96,118 SF
    • 8.14 lot acres
    OFF-MARKET
    Value Estimations
    $7,900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3878635
    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

    • Community centers

    Property Details for 8500 Transit Rd

    Year built
    2006
    Lot size
    8.14 lot acres
    Property size
    96,118 SF
    Zone code
    GB
    Property type
    Community centers
    APN
    142289 57.09-8-1.2
    APU
    1422895709812

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,962,000
      Market price range: $4.02M - $24.2M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $13,010,000
      Current use
      RESTAURANT
      $13,135,000
      Change: +1% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Erie
    State
    New York
    Longitude
    -78.6982
    Latitude
    42.998
    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
    $186,906
    $2,060,000
    $2,218,000
    $4,278,000
    -
    $3,322,581
    $3,577,419
    $6,900,000

    Comparable in this City

    • Value Estimation
      $9,805,000
      110,712 SF

      5183 Transit Rd

      MINI-MALL • 110,712 SF
      5183 Transit Rd, Buffalo, NY 14221-4131
      View Details
    • Value Estimation
      $15,715,000
      176,108 SF

      8150 Transit Rd, Unit 8250

      MINI-MALL • 176,108 SF
      8150 Transit Rd, Buffalo, NY 14221-2806
      View Details
    • Value Estimation
      $770,000
      9,460 SF

      8420 Transit Rd, Unit 1

      MINI-MALL • 9,460 SF
      8420 Transit Rd, Buffalo, NY 14221-2818
      View Details
    • Value Estimation
      $2,105,000
      24,617 SF

      5301 Transit Rd

      MINI-MALL • 24,617 SF
      5301 Transit Rd, Buffalo, NY 14221-2823
      View Details
    • Value Estimation
      $2,315,000
      127,098 SF

      4475 Transit Rd

      MINI-MALL • 127,098 SF
      4475 Transit Rd, Buffalo, NY 14221-6094
      View Details
    • Value Estimation
      $2,300,000
      33,142 SF

      4675 Transit Rd

      MINI-MALL • 33,142 SF
      4675 Transit Rd, Buffalo, NY 14221-6022
      View Details

    Similar Nearby for Sale

    • $1,400,000
      5,084 SF

      Williamsville Shopping Center Investment

      Prime Retail Plaza, 100% Occupancy, High NOI
      4125 Transit Rd, Williamsville, NY 14221
      View Details
    • 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
    • $999,900

      Sheridan Drive Investment Opportunity

      Retail and residential complex on approximately one acre.
      8511 Sheridan Dr, Clarence, NY 14221
      View Details
    • $1,349,900

      Retail Plaza Investment Opportunity

      Excellent retail plaza for user or investment.
      4125 Transit Rd, Buffalo, NY 14221
      View Details
    • $1,300,000
      7,500 SF

      Williamsville Retail Investment Opportunity

      Prime retail property in Williamsville with growth potential.
      5436 Main St, Williamsville, NY 14221
      View Details
    • $1,349,900

      Retail Plaza Investment Opportunity

      Retail plaza with strong tenancy, suitable for user or investment.
      4125 Transit Rd, Buffalo, NY 14221
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      141,639 SF

      Premier Place Retail Space in Williamsville

      Four Suites Available, 1,400-3,988 SF
      0 Transit Rd & Maple 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
    • $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
      5,460 SF

      Prime Retail Space in Buffalo

      5,460 SF retail space in high-traffic Buffalo corridor.
      4221 Transit Rd, Buffalo, NY 14221
      View Details
    • Contact for pricing

      Transit Lanes Plaza Retail Space

      Retail and office spaces available in high-traffic plaza.
      7854 Transit Rd, Williamsville, NY 14221
      View Details
    • $14 SF/Yr
      69,955 SF

      Main Street Retail/Office Space

      Retail/office space for lease in well-located shopping center.
      8200 Main St, Williamsville, NY 14221
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8500 Transit Rd
    Amherst, NY 14221-2836
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.