Renovated Office
New
For Sale
$375,000
4830 Transit Rd, Cheektowaga, NY 14043
The site combines office space, a drive-through garage, and commercial zoning along its Transit Road frontage.
Property Size2,590 SF
Lot Size3.00 Acres
Price / SF$144.79
Days on Market4
Property Features for 4830 Transit Rd
General Information
Standard status
Active
Size
2,590 SF
Lot size
3.00 Acres
Property subtype
Commercial
Zoning
C-Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial, office
Taxes and HOA fees
Annual Taxes
$7,155
Amenities
two-car garage with drive-through doors
Building Details
Building Size
2,590 SF
Year Built
1935
Units
1
Listing Agency:
WNY Metro Roberts Realty
Listed By:
Maya Haddad · License #10301220957
(716) 800-7150
Source:
Elliman
Added: Sep 24
Last Checked: Sep 26 at 9:08AM
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 WNY Metro Roberts Realty
Investment Insights
Based on property information with market context.
This 2,590-square-foot office building was renovated and includes a two-car garage with drive-through doors. The property encompasses nearly 3 acres, with C-Retail zoning at the Transit Road end and residential zoning toward the rear. The building dates to 1935.
At 4830 Transit Road (NY Route 78) in Cheektowaga, the property is across the road from Kohl's and Delta Sonic Car Wash. Its building, garage, acreage, and split zoning are the principal physical and land-use features.
At 4830 Transit Road (NY Route 78) in Cheektowaga, the property is across the road from Kohl's and Delta Sonic Car Wash. Its building, garage, acreage, and split zoning are the principal physical and land-use features.
Key Highlights
- 2,590‑square‑foot renovated office building
- Nearly 3 acres with C‑Retail zoning at the front and residential zoning at the rear
- Two‑car garage with drive‑through doors
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
$32,455
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
8.65%
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%
$649,100
$649.1K
Cap Rate 7%
$463,643
$463.6K
Cap Rate 9%
$360,611
$360.6K
Market Conditions
NOI Build-Up for 2,590 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
$52.8K $20.40/SF
− Vacancy
−$9.6K −$3.69/SF
EGI
$43.3K $16.71/SF
− OpEx
−$10.8K −$4.18/SF
NOI
$32.5K $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%
$649,100
Cap Rate 7%
$463,643
Cap Rate 9%
$360,611
Alternative Uses
Best Use
Office B
$463.6K
$405.7K – $540.9K
NOI $32,455 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$566.2K
$495.4K – $660.6K
NOI $39,633 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
509
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - The site combines office space, a drive-through garage, and commercial zoning along its Transit Road frontage.
Where is this office building located?
The property is located at 4830 Transit Rd Cheektowaga, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,590‑square‑foot renovated office building; Nearly 3 acres with C‑Retail zoning at the front and residential zoning at the rear; Two‑car garage with drive‑through doors
