Multi-Tenant Flex
For Sale
Contact for pricing
5800 Transit Rd, Depew, NY 14043
Multi-tenanted building includes office, industrial, and two leased apartments, with one 10x11 grade door.
Property Size13,724 SF
Price / SF$54.65
Days on Market1664
Property Features for 5800 Transit Rd
General Information
Standard status
Active
Size
13,724 SF
Property subtype
OFFICE
Listing Agency:
Hunt Commercial - Buffalo
(716) 880-1909
Listed By:
Leah Curione · License #10401257858
Source:
Moodyscre
Added: Jan 10, 2022
Changed: Jul 28
Last Checked: Jul 31 at 7:34AM
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 Hunt Commercial - Buffalo
Investment Insights
Based on property information with market context.
A 13,724-square-foot multi-tenanted flex office/warehouse building offering a split configuration of office, industrial space, and residential units. The property includes 5,177 square feet of office space and 5,744 square feet of industrial space, along with 2,803 square feet of apartments consisting of one 2-bedroom unit and one 3-bedroom unit. The office/warehouse is fully leased, with the lease expiring in May 2025, and both apartments are currently leased. The industrial space includes one grade door measuring 10x11.
The building sits on a 0.43-acre lot and fronts Transit Road, where AADT (2019) is listed as 26,596.
This offering combines income-producing office/industrial space and two leased apartment units within a single property, suited to buyers looking for a multi-component asset with an identified lease expiration for the commercial portion.
The building sits on a 0.43-acre lot and fronts Transit Road, where AADT (2019) is listed as 26,596.
This offering combines income-producing office/industrial space and two leased apartment units within a single property, suited to buyers looking for a multi-component asset with an identified lease expiration for the commercial portion.
Key Highlights
- 13,724 SF +/- multi‑tenanted building with office, industrial, and two leased apartments
- Space mix: 5,177 SF office, 5,744 SF industrial, and 2,803 SF apartment space
- Fully leased office/warehouse; lease expires May 2025
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $92.2k | $6.72 |
| − Vacancy | −$6.2k | −$0.45 |
| EGI | $86.0k | $6.27 |
| − OpEx | −$25.8k | −$1.88 |
| NOI | $60.2k | $4.39 |
13,724 SF · lease $6.72/SF/yr · vacancy 6.70% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.46M
$2.15M – $2.87M
NOI $171,971 @ 7.0% cap · market cap 22.93%
Second Best
Flex RnD
$1.13M
$986.3K – $1.32M
NOI $78,901 @ 7.0% cap · market cap 10.52%
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,010 @ 7.0% cap · market cap 28.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
404
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?
Flex space - Multi-tenanted building includes office, industrial, and two leased apartments, with one 10x11 grade door.
Where is this flex space located?
The property is located at 5800 Transit Rd Depew, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 13,724 SF +/- multi‑tenanted building with office, industrial, and two leased apartments; Space mix: 5,177 SF office, 5,744 SF industrial, and 2,803 SF apartment space; Fully leased office/warehouse; lease expires May 2025
