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    Depew Auto Shop For Sale Title is generated by Realmo AI

    3106 Walden Ave, Depew, NY 14043

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    2,481 SF auto shop with lifts in high-traffic location.

    Type:Retail
    Property size:
    2,481 SF
    Price / SF:
    $188/SF
    Added:
    Nov 11, 2024
    Days on Market:
    569
    Last Refresh:
    May 12 at 9:11 pm

    Property Features for 3106 Walden Ave

    General Information

    Standard status
    Active
    Size
    2,481 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1968

    We can help!

    Listing Contact
    Rick Recckio

    Listing agent Rick Recckio License #NY 31RE0821429

    Listing office Recckio Real Estate and Development Williamsville

    Listing date Nov 11, 2024

    Source Crexi

    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 Recckio Real Estate and Development Williamsville

    HighLights

    • Prime location in the heart of Depew's commercial district.
    • High traffic road with over 21,000 vehicles per day.
    • Includes 3 lifts and one drive‑on lift.
    • 4‑bay auto shop with 2 high‑lift bays for oversized vehicles.
    • Proximity to major retailers (Walden Galleria, Walmart, Wegmans, etc.).
    • Strategic location with easy access to major highways.

    Overview

    This former AAMCO building, offering approximately 2,481 square feet, is located in Depew. The property includes 3 lifts and one drive-on lift. Situated on a highly trafficked road with over 21,000 vehicles per day, the 4-bay auto shop features 2 high-lift bays suitable for work on cube vans and oversized vehicles. The property is located approximately 11 miles from Downtown Buffalo, in an area known for its retail and automotive presence. The location provides access to major highways. Nearby retailers include the Walden Galleria, Walmart, Wegmans, Sam's Club, Walgreens, Marshalls, Chick-Fil-A, and Target. This property is suited for investors or tenants in the retail or vehicle-related industries.
    Property Profile Location Intelligence

    Current Use by Public Records

    AAMCO Transmissions & Total ... Auto Repair Shop 3106 Walden Ave, ... Auto Repair Shop

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Broadway Service Center — 4685 Broadway, Depew, NY 14043
    • Strickland Automotive — 4685 Broadway, Depew, NY 14043
    • David's Broadway Automotive Collision — 4673 broadway, depew, ny 14043
    • Ashley Towing & Recovery
    • Twin Village Recycling Co Inc — 4153 Broadway, Depew, NY 14043

    Location Insight

    • Map
    • Local Demand
    City
    Depew
    County
    Erie
    State
    New York
    Longitude
    -78.7114638
    Latitude
    42.9099502

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    FAQs

    What type of property is this?
    Auto shop - 2,481 SF auto shop with lifts in high-traffic location.
    Where is this auto shop located?
    The property is located at 3106 Walden Ave Depew, NY.
    What is the asking price?
    The asking price for this property is $468,000.
    What are key features of this property?
    This property features: Prime location in the heart of Depew's commercial district.; High traffic road with over 21,000 vehicles per day.; Includes **3 lifts and one drive‑on lift**.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rick Recckio
    Real Estate License ID: NY 31RE0821429
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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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