Transit Road Commercial
For Sale
$399,999
Pending
5822 Transit Rd, Cheektowaga, NY 14043
High-visibility commercial property on Transit Road, formerly an auto dealership.
Property Size1,806 SF
Lot Size0.19 Acres
Days on Market139
Property Features for 5822 Transit Rd
General Information
Standard status
Pending
Size
1,806 SF
Lot size
0.19 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$272,021
Building Details
Building Size
1,806 SF
Year Built
1965
Stories
1
Listing Agency:
HUNT Commercial Real Estate Corp. of Buffalo New York
(716) 812-6333
Listed By:
Domenico Giammusso · License #10401358378
(716) 812-6333
Source:
Elliman
Added: Mar 31
Changed: Aug 8
Last Checked: Aug 16 at 6:43AM
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 HUNT Commercial Real Estate Corp. of Buffalo New York
Investment Insights
Based on property information with market context.
Located on Transit Road in Depew, this commercial property offers high visibility and was formerly DeVille Motors. The property features 150 feet of frontage and ample parking. It is suitable for automotive, retail, service, or redevelopment uses. The location is in one of Western New York’s strongest retail and automotive trade areas and offers excellent signage potential. The property benefits from a central location with convenient access to major highways and the greater Buffalo market area. The surrounding area includes established businesses and residential density, providing strong daily traffic and customer exposure. This property is positioned in a commercial corridor.
Key Highlights
- High‑visibility location on high‑traffic Transit Road.
- Boasts 150' of frontage and ample parking.
- Flexible commercial potential for automotive, retail, service, or redevelopment.
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
$16,238
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
4.06%
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%
$324,760
$324.8K
Cap Rate 7%
$231,971
$232.0K
Cap Rate 9%
$180,422
$180.4K
Market Conditions
NOI Build-Up for 1,806 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
$26.0K $14.40/SF
− Vacancy
−$2.8K −$1.56/SF
EGI
$23.2K $12.84/SF
− OpEx
−$7.0K −$3.85/SF
NOI
$16.2K $8.99/SF
Area
Erie County, NY
Vacancy
10.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$324,760
Cap Rate 7%
$231,971
Cap Rate 9%
$180,422
Alternative Uses
Best Use
Retail
$232.0K
$203.0K – $270.6K
NOI $16,238 @ 7.0% cap · market cap 4.06%
Second Best
Industrial
$113.2K
$99.1K – $132.1K
NOI $7,926 @ 7.0% cap · market cap 1.98%
Theoretical Best
Office A
$394.8K
$345.5K – $460.6K
NOI $27,636 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Balanced
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.
Similar Off Market Nearby
- U-Haul Moving & Storage at Transit Rd — 6161 Transit Rd, Depew, NY 14043
- U-Box at U-Haul — 6161 Transit Rd, Depew, NY 14043
- Truck Rental at U-Haul — 6161 Transit Rd, Depew, NY 14043
- Trailer Rental at U-Haul — 6161 Transit Rd, Depew, NY 14043
- U-Haul Trailer Hitch Super Center at Transit Rd — 6157 Transit Rd, Depew, NY 14043
Frequently Asked Questions
What type of property is this?
Automotive property - High-visibility commercial property on Transit Road, formerly an auto dealership.
Where is this automotive property located?
The property is located at 5822 Transit Rd Cheektowaga, NY.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: High‑visibility location on high‑traffic Transit Road.; Boasts 150' of frontage and ample parking.; Flexible commercial potential for automotive, retail, service, or redevelopment.
