Mixed-Use Property with
For Sale
$749,900
4734 Transit Road, Depew, NY 14043
CommercialSale, Depew, NY
Property Size2,877 SF
Lot Size0.36 Acres
Price / SF$260.65
Days on Market98
Property Features for 4734 Transit Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
05c
Zoning description
Commercial
Parking
12
Subdivision
Buffalo Crk Reservation
Lot features
Rectangular, Rectangular Lot
Elementary school district
Depew
Middle school district
Depew
High school district
Depew
Standard status
Active
APN
143089-126-130-0003-005-000
Size
2,877 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Annual Amount
7419
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Zoned
Cooling system
Zoned
Amenities
detached 2-car garage
vaulted ceilings
kitchenette
bathroom
storage
Building Details
Year built
1962
Floors in Building
2
Roof type
Asphalt
Listing Agency:
WNY Metro Roberts Realty
(716) 662-0449
Listed By:
Shannon G Szalay · License #10401311154
(716) 913-0662
Added: May 27
Changed: Aug 20
Last Checked: Sep 1 at 6:06AM
MLS# B1685302
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2877-square-foot mixed-use building is currently configured for retail operations, with a main-level showroom, a second private showroom, office space, and a dedicated work area. The upper floor contains a one-bedroom apartment with vaulted ceilings along with another office area. A basement adds a kitchenette, bathroom, and storage. The property also includes a detached 2-car garage and on-site parking.
Located at the corner of Transit Road and French Road in Depew, the building occupies 0.36 acres and carries 05c zoning. Built in 1962, it has natural gas and zoned heating, zoned cooling, public sewer, and an asphalt roof. The existing configuration supports the retail, office, and mixed-use possibilities identified for the property.
Located at the corner of Transit Road and French Road in Depew, the building occupies 0.36 acres and carries 05c zoning. Built in 1962, it has natural gas and zoned heating, zoned cooling, public sewer, and an asphalt roof. The existing configuration supports the retail, office, and mixed-use possibilities identified for the property.
Key Highlights
- 2,877‑square‑foot mixed‑use building on 0.36 acres
- One‑bedroom upper‑level apartment with vaulted ceilings
- Main level includes two showrooms, office space, and a work area
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
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?
Mixed-use property - Corner commercial building combining retail, office, residential, and service-oriented spaces.
Where is this mixed-use property located?
The property is located at 4734 Transit Road 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: 2,877‑square‑foot mixed‑use building on 0.36 acres; One‑bedroom upper‑level apartment with vaulted ceilings; Main level includes two showrooms, office space, and a work area
