Established Restaurant on Transit
For Sale
$650,000
5176 Transit Road, Depew, NY 14043
Restaurant, property, and equipment included in sale on Transit Rd.
Property Size3,918 SF
Days on Market171
Property Features for 5176 Transit Road
General Information
Standard status
Active
Size
3,918 SF
Total Parking Spaces
30
Property subtype
Commercial
Zoning
x, Commercial
Taxes and HOA fees
Annual Taxes
$14,240
Building Details
Building Size
3,918 SF
Year Built
1981
Buildings
1
Stories
2
Listing Agency:
Howard Hanna WNY Inc.
(716) 604-4665
Listed By:
Jasmine Chen
(716) 604-4665
Source:
Wcirealty
Added: Mar 6
Changed: Aug 23
Last Checked: Aug 24 at 12:43PM
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 Howard Hanna WNY Inc.
Investment Insights
Based on property information with market context.
An established restaurant and commercial property is available on Transit Road in Depew. Camellia Garden, a Thai and Sushi restaurant in operation since 2016, is being offered for sale due to the owner's retirement. The sale encompasses the business, property, and all equipment. Property features include a front patio, a large kitchen, a second-floor office, and ample storage space. There are over 30 parking spaces available. Recent updates include a new AC system installed in 2025 and a hot water tank installed in 2024. The building offers flexibility for other retail or office uses, making it suitable for owner-operators or investors. The location has a bike score of 52, indicating it is bikeable, and a walk score of 29, indicating car-dependence.
Key Highlights
- Established restaurant (Camellia Garden) with a proven track record since 2016, included in the sale.
- Prime commercial property on busy Transit Rd with excellent visibility.
- Sale includes business, property, and all equipment.
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
$47,181
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
7.26%
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%
$943,620
$943.6K
Cap Rate 7%
$674,014
$674.0K
Cap Rate 9%
$524,233
$524.2K
Market Conditions
NOI Build-Up for 3,918 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
$70.5K $18.00/SF
− Vacancy
−$7.6K −$1.94/SF
EGI
$62.9K $16.06/SF
− OpEx
−$15.7K −$4.01/SF
NOI
$47.2K $12.04/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$18.00 /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%
$943,620
Cap Rate 7%
$674,014
Cap Rate 9%
$524,233
Alternative Uses
Best Use
Specialty Retail
$674.0K
$589.8K – $786.4K
NOI $47,181 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$856.5K
$749.4K – $999.3K
NOI $59,955 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
390
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant, property, and equipment included in sale on Transit Rd.
Where is this conventional restaurant located?
The property is located at 5176 Transit Road Depew, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Established restaurant (Camellia Garden) with a proven track record since 2016, included in the sale.; Prime commercial property on busy Transit Rd with **excellent visibility**.; Sale includes business, property, and all equipment.
