Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5287 Transit Rd Depew, NY 14043

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr

    Retail space for lease on Transit Road with high visibility.

    Property size:
    20,304 SF
    Lot size:
    20,304 SF

    Property Features for 5287 Transit Rd

    General Information

    Size
    20,304 SF

    We can help!

    Listing Contact
    Benedict J. Borruso
    Source: Pyramidbrokerage

    Listing Agent: Benedict J. Borruso

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Transit Road Retail Redevelopment Opportunity

    This retail space, located on Transit Road south of Broadway, presents a redevelopment opportunity available for immediate occupancy. The property offers a total of 20,304 square feet of space, divisible to suit tenant needs. The building features ceiling heights up to 14 feet. Situated on a three-acre lot, the property provides ample parking in the front, side, and rear. The surrounding area is densely populated and experiences a high traffic count of 30,425 AADT on Transit Road. This location is suitable for a variety of retail or other commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Depew
    County
    Erie
    State
    New York
    Longitude
    -78.6964074
    Latitude
    42.8993281

    Nearby Similar for Lease

    • Contact for pricing

      Retail Parcels in Transit-French Square

      Outparcels for ground lease or build to suit.
      1460 French Rd, Depew, NY 14043
      View Details
    • $13 SF/Yr
      1,500 SF

      Transit Road Retail/Office Space

      High-traffic location near supermarket and new apartments.
      6338-6348 Transit Rd, Depew, NY 14043
      View Details
    • $14 SF/Yr
      257,599 SF

      Supermarket Anchored Shopping Center Space

      Retail space available in Wegmans-anchored Urbandale Plaza.
      2090 George Urban Blvd, Depew, NY 14043
      View Details
    • $12 SF/Yr
      5,500 SF

      Medical Office & Warehouse Space

      Medical office and warehouse spaces for lease in Depew.
      5087 Broadway, Depew, NY 14043
      View Details
    • $8 SF/Yr
      257,599 SF

      Supermarket Anchored Shopping Center Space

      Retail space available in Wegmans-anchored Urbandale Plaza.
      2090 George Urban Blvd, Depew, NY 14043
      View Details
    • $14 SF/Yr
      257,599 SF

      Supermarket Anchored Shopping Center Space

      Retail space available in a Wegmans-anchored shopping center.
      2090 George Urban Blvd, Depew, NY 14043
      View Details
    • $8 SF/Yr
      257,599 SF

      Supermarket Anchored Shopping Center Space

      Retail spaces available in a Wegmans-anchored shopping center.
      2090 George Urban Blvd, Depew, NY 14043
      View Details
    • $10 SF/Yr
      3,106 SF

      Retail Space in Urbandale Plaza

      Supermarket-anchored shopping center with ample parking and multiple entrances.
      2082-2122 George Urban Blvd, Depew, NY 14043
      View Details
    • Contact for pricing
      8,647 SF

      Inviting Office Space on Transit

      Contemporary office building with high visibility and ample parking.
      6199 Transit Rd, Depew, NY 14043
      View Details
    • Contact for pricing
      2,160 SF

      Retail Space in Urbandale Plaza

      Retail space available in supermarket-anchored Urbandale Plaza.
      30-40 Patrick Ln, Depew, NY 14043
      View Details
    • $216 SF/Yr
      7,000 SF

      Genesee Street Executive Office Space

      Prime Depew location, flexible suites available.
      5102 Genesee St, Depew, NY 14043
      View Details
    • Contact for pricing
      1,000 SF

      Depew Gym - Lease & Business

      Established Personal Training Gym For Sale
      6354 Transit Rd, Depew, NY 14043
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease on Transit Road with high visibility.
    Where is this retail space located?
    The property is located at 5287 Transit Rd Depew, NY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - High traffic count of 30,425 AADT on Transit Road.; - Prime location on Transit Road just south of Broadway.; - Total availability of 20,304sf, will divide.
    (716) 852-7500
    Request Owner's contact information
    5287 Transit Rd Depew, NY 14043
    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.
    5287 Transit Rd
    Depew, NY 14043
    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
    5287 Transit Rd Depew, NY 14043
    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

    We can help!
    Listing Contact
    Benedict J. Borruso
    (716) 852-7500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.