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    9450 Transit Rd East Amherst, NY 14051
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    Property profile & analytics

    9450 Transit Rd, East Amherst, NY 14051

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    • Investment properties
    • 8,000 SF
    • 4.73 lot acres
    For Lease
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    Transit Road Development Opportunity For Lease
    Contact for pricing
    16,000 SF

    Transit Road Development Opportunity

    Prime location for retail, restaurant, or office development.

    9450 Transit Rd, East Amherst, NY 14051
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    Property ID
    US63-0224813
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Platinum Health & Fitness / Gym & Fitness Center
    • Natural Physical Therapy of East Amherst / Physician
    • Hearts for the Homeless / Charitable Organization
    • Julie M. Wolfley, PT, DPT, OCS / Physician
    • Cardio Physical Therapy PLLC / Medical Clinic

    Property Details for 9450 Transit Rd

    Year built
    1962
    Lot size
    4.73 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    142289 43.05-5-9
    APU
    142289430559

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 26, 2013 $70,000 Fox Crk Estates II LLC 9450 Transit Road LLC Grant Deed —
    Dec 9, 2010 — 9450 Transit Road LLC 9450 Transit Road LLC Warranty Deed —
    Jan 29, 2010 $280,000 9450 Transit Road LLC Global Cntry Of World Peace Grant Deed —
    Mar 24, 2006 $285,000 Global Country Of World Peace Eber,madeline Grant Deed —
    — — 9450 Transit Road LLC — Loan Modification · related $463k · First Niagra Bk Fsb

    Description

    This exceptional 5-acre commercial development site in East Amherst, NY (14051), boasts 178 feet of frontage on heavily trafficked Transit Road (27,296 daily vehicles). The property includes a 2-story, 8,000+/- square foot building currently occupied by a health and fitness center, offering potential for lease or redevelopment. An additional approximately 2 acres of usable land is available in front of the existing building, ideal for ground lease or build-to-suit opportunities ranging from 1,000 to 4,800 contiguous square feet, with a maximum buildable area exceeding 16,000 square feet. The site's zoning allows for retail, restaurant, and office uses, including medical offices. Its prime location between Casey and North French Roads, near major shopping centers like Transit-Wehrle Retail Center, Tops Plaza, and Eastern Hills Mall, ensures high visibility and strong potential for attracting a diverse clientele. The property's proximity to Clarence, Amherst, Pendleton, and Lockport expands its market reach. The existing building features 4,800+/- square feet on the first floor and a 3,200+/- square foot mezzanine, totaling 8,000+/- square feet. The site is also adjacent to a fully leased apartment complex. This is a rare opportunity to acquire a high-traffic, versatile commercial property in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    East Amherst
    County
    Erie
    State
    New York
    Longitude
    -78.6995
    Latitude
    43.027
    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
    $17,561
    $450,000
    $110,000
    $560,000
    -
    $725,807
    $177,419
    $903,226

    Comparable in this City

    • Value Estimation
      $690,000
      17,560 SF

      5861 Transit Rd

      STORE/OFFICE (MIXED USE)
      5861 Transit Rd, East Amherst, NY 14051-1885
      View Details
    • Value Estimation
      $585,000
      5,724 SF

      6995 Transit Rd

      STORE/OFFICE (MIXED USE)
      6995 Transit Rd, East Amherst, NY 14051
      View Details
    • Value Estimation
      $1,030,000
      7,731 SF

      9424 Transit Rd

      STORE/OFFICE (MIXED USE)
      9424 Transit Rd, East Amherst, NY 14051-2216
      View Details
    • Value Estimation by Request
      2,800 SF

      6051 Transit Rd

      STORE/OFFICE (MIXED USE)
      6051 Transit Rd, East Amherst, NY 14051-1803
      View Details
    • Value Estimation by Request
      4,900 SF

      5885 Transit Rd

      STORE/OFFICE (MIXED USE)
      5885 Transit Rd, East Amherst, NY 14051-1874
      View Details
    • Value Estimation
      $1,400,000
      12,216 SF

      9180 Transit Rd

      STORE/OFFICE (MIXED USE)
      9180 Transit Rd, East Amherst, NY 14051-2298
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,080 SF

      Move-in Ready Retail Space

      1,080 SqFt retail space in East Amherst, New York.
      4750-4840 N French Rd, East Amherst, NY 14051
      View Details
    • $229,900

      Transit Road Vacant Land Parcel

      11.3 acre vacant parcel on Transit Road for development.
      10990 Transit Rd, Amherst, NY 14051
      View Details
    • 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
    • $699,999

      Remodeled Office Building in East Amherst

      Remodeled 3,112 SF office building in a medical park.
      6483 Transit Rd, East Amherst, NY 14051
      View Details
    • Contact for pricing

      32.5 Acres Commercial Land

      32.5 acres of commercial land in high-traffic area.
      8095 Transit Rd, East Amherst, NY 14051
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Property on North French

      Retail, office, and restaurant space with luxury apartments available.
      4750 N French Rd, East Amherst, NY 14051
      View Details
    • Contact for pricing

      Transit Road Office Suite Available

      Office suite with private offices, kitchenette, and ample parking.
      8610 Transit Rd, East Amherst, NY 14051
      View Details
    • Contact for pricing

      Transit Road Auto Repair Shop

      Auto repair shop with garage, office, and waiting room.
      5661 Transit Rd, East Amherst, NY 14051
      View Details
    • Contact for pricing

      Prime Land on Transit Road

      3.29 +/- acres with high visibility and traffic signal.
      5565 Millersport Hwy, 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
    • Contact for pricing
      14,740 SF

      Transit Road Retail/Industrial Spaces

      Retail and industrial spaces for lease on Transit Road.
      5885 Transit Rd, East Amherst, NY 14051
      View Details
    View Listing
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    East Amherst, NY 14051
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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.

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