Corner Retail with
For Sale
$749,900
4734 Transit Rd, Depew, NY 14043
Corner storefront property with showroom, offices, basement amenities, parking, and an upper-level one-bedroom apartment.
Property Size2,877 SF
Price / SF$260.65
Days on Market101
Property Features for 4734 Transit Rd
General Information
Standard status
Active
Size
2,877 SF
Taxes and HOA fees
Annual Taxes
$7,419
Listing Agency:
WNY Metro Roberts Realty
(716) 662-0449
Listed By:
Shannon G Szalay · License #10401311154
(716) 913-0662
Source:
Exprealty
Added: May 28
Changed: Aug 20
Last Checked: Sep 4 at 9:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WNY Metro Roberts Realty
Investment Insights
Based on property information with market context.
This corner storefront property is currently operating as a long-standing jewelry store and offers showroom space, additional private showroom, office space, and a dedicated work area on the main level. The upper level includes a one-bedroom apartment with vaulted ceilings, along with a large secondary office space suitable for owner occupancy or additional rental use. The basement provides added versatility with a kitchenette, bathroom, and ample storage space.
The property is located at a highly visible corner of Transit Rd and French Rd, with plenty of parking on site. A detached 2-car garage and strong exposure from the surrounding roadway make it well-suited to multiple commercial uses.
Existing interior features support a retail and work arrangement, with office and residential components that can be adapted for an owner-user or mixed-use setup based on your operational needs.
The property is located at a highly visible corner of Transit Rd and French Rd, with plenty of parking on site. A detached 2-car garage and strong exposure from the surrounding roadway make it well-suited to multiple commercial uses.
Existing interior features support a retail and work arrangement, with office and residential components that can be adapted for an owner-user or mixed-use setup based on your operational needs.
Key Highlights
- Prime corner commercial location at Transit Rd & French Rd with high visibility on a busy intersection
- Main level includes an inviting showroom plus a private showroom, office space, and dedicated work area
- Upper level has a spacious one‑bedroom apartment with vaulted ceilings and a large secondary office space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,051
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$721,020
$721.0K
Cap Rate 7%
$515,014
$515.0K
Cap Rate 9%
$400,567
$400.6K
Market Conditions
NOI Build-Up for 2,877 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$58.7K $20.40/SF
− Vacancy
−$10.6K −$3.69/SF
EGI
$48.1K $16.71/SF
− OpEx
−$12.0K −$4.18/SF
NOI
$36.1K $12.53/SF
Area
Erie County, NY
Vacancy
18.10%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$721,020
Cap Rate 7%
$515,014
Cap Rate 9%
$400,567
Alternative Uses
Best Use
Office B
$515.0K
$450.6K – $600.9K
NOI $36,051 @ 7.0% cap · market cap 4.81%
Second Best
Mixed Use
$386.1K
$337.8K – $450.4K
NOI $27,026 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$628.9K
$550.3K – $733.8K
NOI $44,025 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14043, NY
24,962
Population
11,743
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
94%
High-School Grad
9.1 sq mi
ZIP Area
2,743
Density / Sq Mi
$73,373
Median Household Income
$50,263
Median Earnings
$1,072
Median Rent
$192,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Corner storefront property with showroom, offices, basement amenities, parking, and an upper-level one-bedroom apartment.
Where is this storefront property located?
The property is located at 4734 Transit Rd Depew, NY.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Prime corner commercial location at Transit Rd & French Rd with high visibility on a busy intersection; Main level includes an inviting showroom plus a private showroom, office space, and dedicated work area; Upper level has a spacious one‑bedroom apartment with vaulted ceilings and a large secondary office space
