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    5800 Transit Rd Depew, NY 14043

    Sponsored
    For Sale
    $799,000

    High-yield multi-use building, 13,724 SF

    Property size:
    13,724 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 13,724-square-foot multi-tenant building located at 5800 Transit Rd, Depew, NY 14043. The property, built in 1920, boasts a desirable C2 zoning designation and sits on a 0.72-acre lot. The building is currently 100% occupied, generating a strong net operating income (NOI) of $55,924, resulting in a 7.00% capitalization rate. The asking price is $799,000, translating to a price per square foot of $58.22. The property features a mix of uses, including 5,177 square feet of office space, 5,744 square feet of industrial space, and 2,803 square feet of apartment space divided into three units: one two-bedroom and one three-bedroom apartment. All leases are gross leases with a current lease expiration date of April 30, 2025, representing a remaining lease term of approximately 0.4 years. The building includes one 10x11 grade-level loading dock. This property offers significant upside potential due to below-market rents and its prime location on Transit Road, which boasts an impressive 2019 AADT of 26,596. This is a rare opportunity to acquire a well-located, income-producing multi-use property in a thriving market. The two-story building presents a strong cash flow and significant potential for future appreciation.

    Property Features for 5800 Transit Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    13,724 SF
    Lot Size
    31,363 SF

    Building Details

    Year Built
    1920
    Stories
    2
    Units
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Progressive Direct Marketing Marketing Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Depew
    County
    Erie
    State
    New York
    Longitude
    -78.6973504
    Latitude
    42.9135275

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    FAQs

    What type of property is this?
    Multifamily property - High-yield multi-use building, 13,724 SF
    Where is this multifamily property located?
    The property is located at 5800 Transit Rd Depew, NY.
    What is the asking price?
    The asking price for this property is $799,000.
    Request Owner's contact information
    5800 Transit Rd Depew, NY 14043
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    Depew, NY 14043
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5800 Transit Rd Depew, NY 14043
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