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

    8600 Transit Rd East Amherst, NY 14051-2614

    • Office buildings
    • 19,672 SF
    • 0.86 lot acres
    OFF-MARKET
    Last Sale
    Jun 07, 2024
    $3,235,000
    Value Estimations
    $3,235,000
    Show details
    Cap Rate Potential
    9.2%
    Office buildings
    Location Intelligence
    Property ID
    US63-1351537
    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

    • Waddell & Reed Inc / Financial Planner
    • Umbrella Inc / Insurance Agency
    • New York State Workers Compensation Services. Dr. Taj Jiva, MD, MPH Occupational Medicine, JD / Occupational Health Service
    • Amherst Industries, Inc. / Manufacturer
    • TECO / Corporate Office

    Property Details for 8600 Transit Rd

    Year built
    2005
    Lot size
    0.86 lot acres
    Property size
    19,672 SF
    Zone code
    OB
    Property type
    Office buildings
    APN
    142289 57.09-1-6.2
    APU
    1422895709162

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,235,000
      ML approach
      $3,235,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,300,000
      Current use
      RETAIL STORES
      $2,860,000
      Change: +24% Conversion: Moderate
      RESTAURANT
      $2,690,000
      Change: +17% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $2,665,000
      Change: +16% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,980,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    East Amherst
    County
    Erie
    State
    New York
    Longitude
    -78.6979
    Latitude
    43.0017
    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
    $3,033
    $345,000
    $905,000
    $1,250,000
    -
    $556,452
    $1,459,677
    $2,016,129

    Comparable in this City

    • Value Estimation by Request
      3,684 SF

      8610 Transit Rd Ste, Unit 200

      OFFICE BUILDING • 3,684 SF
      8610 Transit Rd Ste, East Amherst, NY 14051-2612
      View Details
    • Value Estimation by Request
      4,816 SF

      9820 Transit Rd

      OFFICE BUILDING • 4,816 SF
      9820 Transit Rd, East Amherst, NY 14051
      View Details
    • Value Estimation by Request
      6,444 SF

      8610 Transit Rd

      OFFICE BUILDING • 6,444 SF
      8610 Transit Rd, East Amherst, NY 14051-2612
      View Details
    • Value Estimation by Request
      1,370 SF

      6745 Transit Rd

      OFFICE BUILDING • 1,370 SF
      6745 Transit Rd, East Amherst, NY 14051-1485
      View Details
    • Value Estimation
      $510,000
      7,550 SF

      8770 Transit Rd

      OFFICE BUILDING • 7,550 SF
      8770 Transit Rd, East Amherst, NY 14051-1786
      View Details
    • Value Estimation by Request
      2,205 SF

      9736 Transit Rd

      PROFESSIONAL BUILDING • 2,205 SF
      9736 Transit Rd, East Amherst, NY 14051-1311
      View Details

    Similar Nearby for Sale

    • $1,150,000

      Transit Road Office Building

      9,516 SF office building with high visibility and accessibility.
      8625 Transit Rd, East Amherst, NY 14051
      View Details
    • $896,000

      Transit Road Commercial Opportunity

      Commercial property with office space and storage building on Transit Road.
      6399 Transit Rd, East Amherst, NY 14051
      View Details
    • $349,000

      Transit Road Commercial Property For Sale

      Remodeled commercial property on Transit Road, ideal for office/retail.
      11500 Transit Rd, East Amherst, NY 14051
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    • Contact for pricing

      Commercial Land on Casey Road

      1.4 acres of commercial land with high traffic volume.
      9290 Transit Rd, East Amherst, NY 14051
      View Details
    • Contact for pricing

      Lancaster Vacant Commercial Land

      Vacant commercial land in Lancaster, NY, approximately 3.67 acres.
      1152 Town Line Rd, Lancaster, NY 14051
      View Details
    • $74,900

      Vacant Treed Lot For Sale

      Vacant treed lot with riparian rights and 174' frontage.
      3780 Tonawanda Creek Rd, Amherst, NY 14051
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      3,112 SF

      Remodeled Office Building in East Amherst

      Premium remodeled office space in a vibrant business park.
      6483 Transit Rd, East Amherst, NY 14051
      View Details
    • Contact for pricing
      1,200 SF

      Move-in Ready Office Space

      Built-out office space for rent in East Amherst, NY.
      9370-9392 Transit Rd, East Amherst, NY 14051
      View Details
    • $17 SF/Yr

      Transit Road Retail/Office Space

      1,420 SF retail/office space in high-traffic Transit Valley Plaza.
      5853 Transit Rd, East Amherst, NY 14051
      View Details
    • Contact for pricing

      Transit Road Professional Office Space

      Professional office space with excellent visibility and ample parking.
      6161 Transit Rd, East Amherst, NY 14051
      View Details
    • $22 SF/Yr
      6,800 SF

      Professional Office Suites on Transit

      Office suites available in a convenient East Amherst location.
      6465 Transit Rd, East Amherst, NY 14051
      View Details
    • $20 SF/Yr
      6,444 SF

      Executive Office Suite in East Amherst

      Prime Office Space, 2,200 sq ft Available
      8610 Transit Rd, East Amherst, NY 14051
      View Details

    Property Visit Statistics

    • Visits by month
      1.4k
    • Visitors by month
      1.5k
    • Avg Time on site
      20 min
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    East Amherst, NY 14051-2614
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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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