Flex Building with Drive-In
3944 Broadway Depew, NY 14043
For Sale
Contact for pricing
For sale flex building on a high-traffic corner with four drive-in bays and office area, plus an existing leased gym tenant.
Property Size7,200 SF
Price / SF$166.67
Days on Market86
Property Features for 3944 Broadway
General Information
Standard status
Active
Size
7,200 SF
Property subtype
INDUSTRIAL
Listing Agency:
Recckio Real Estate & Development
(716) 998-4422
Listed By:
Rick Recckio · License #31RE0821429
(716) 998-4422
Source:
Moodyscre
Added: May 5
Changed: Jul 26
Last Checked: Jul 28 at 3:14PM
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 & Development
Investment Insights
Based on property information with market context.
This well-maintained flex building offers flexible space suited to a range of commercial uses, with an existing gym tenant currently leasing approximately 1,800 square feet. An additional approximately 5,400 square feet is available and includes four (5) drive-in car bays and office area. Approximately 75% of the building is available for occupancy, supporting opportunities for an owner-user or an investor seeking income while leasing additional space.
Located at 3944 Broadway in Depew, the property benefits from a high-traffic corner position designed to support visibility and convenient access for customers and tenants.
The overall configuration combines warehouse-style drive-in access with dedicated office space, providing practical layout options for automotive, retail, service, fitness, or light industrial users, subject to applicable approvals.
Located at 3944 Broadway in Depew, the property benefits from a high-traffic corner position designed to support visibility and convenient access for customers and tenants.
The overall configuration combines warehouse-style drive-in access with dedicated office space, providing practical layout options for automotive, retail, service, fitness, or light industrial users, subject to applicable approvals.
Key Highlights
- Approx. 1,800± SF currently leased to a gym tenant.
- Approx. 5,400± SF available, including four (5) drive‑in car bays and office area.
- About 75% of the building is available for occupancy, supporting owner‑user space while keeping supplemental tenant income.
Financial Insights For Retail
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 | $103.7k | $14.40 |
| − Vacancy | −$11.2k | −$1.56 |
| EGI | $92.5k | $12.84 |
| − OpEx | −$27.7k | −$3.85 |
| NOI | $64.7k | $8.99 |
7,200 SF · lease $14.40/SF/yr · vacancy 10.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$924.8K
$809.2K – $1.08M
NOI $64,738 @ 7.0% cap · market cap 5.39%
Second Best
Flex RnD
$591.3K
$517.4K – $689.9K
NOI $41,394 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.57M
$1.38M – $1.84M
NOI $110,177 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - For sale flex building on a high-traffic corner with four drive-in bays and office area, plus an existing leased gym tenant.
Where is this flex space located?
The property is located at 3944 Broadway Depew, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approx. 1,800± SF currently leased to a gym tenant.; Approx. 5,400± SF available, including four (5) drive‑in car bays and office area.; About 75% of the building is available for occupancy, supporting owner‑user space while keeping supplemental tenant income.
