Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    00 Dick Rd Depew, NY 14043

    Sponsored
    For Sale
    $270,000

    2.13 Acres, M1 Zoning, High Demand

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional 2.13-acre commercial land parcel presents a unique investment opportunity in the thriving Depew, New York business district. Strategically located near the intersection of Dick Road and I-90/Walden Avenue, as well as NY 33 (Kensington Expressway) and Buffalo Niagara International Airport, this property enjoys unparalleled access to major transportation arteries. Zoned M1 for Light Industrial use, the site offers approximately 258 feet of frontage on Dick Road, making it ideal for a variety of industrial and distribution businesses. The property includes an existing detention pond and a shared curb cut with an adjacent building supply company. Water is readily available for connection. The current owner, experienced in development and construction, has built a substantial structure on an adjoining parcel and is prepared to offer design/build services for a buyer, build-to-suit options for a tenant, or simply lease the land. This location is at the heart of a high-demand area for industrial and distribution businesses, ensuring strong potential for future growth and return on investment. The asking price for this exceptional property is $270,000. This is a rare opportunity to acquire a well-situated, ready-to-develop parcel in a prime industrial location. Don't miss out on this chance to secure your place in this dynamic market.

    Property Features for 00 Dick Rd

    General Information

    Property type
    Land
    Lot Size
    92,783 SF

    We can help!

    Listing Contact
    Stephen Hunt
    Stephen Hunt

    Learn more

    HighLights

    • $270,000 asking price.
    • 2.13‑acre commercial land parcel.
    • M1 Light Industrial zoning.
    • Located in Cheektowaga, NY, near I‑90 and NY‑33, close to Buffalo Niagara International Airport.
    • High demand industrial/distribution area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Depew
    County
    Erie
    State
    New York
    Longitude
    -78.7079381
    Latitude
    42.9007932

    Nearby Similar for Sale

    • $375,000
      2,039 SF

      Depew Triplex Investment Opportunity

      Well-maintained triplex near Lancaster with reliable tenants and income.
      51 Laverack Ave, Depew, NY 14043
      View Details
    • $299,900
      2,304 SF

      Renovated Two-Family Home with Garage

      Fully renovated two-family home on a spacious double lot.
      5963 Transit Rd, Depew, NY 14043
      View Details
    • $749,900
      2,877 SF

      Corner Commercial Property with Showroom

      Corner property with showroom, office, apartment, and garage.
      4734 Transit Rd, Depew, NY 14043
      View Details
    • New
      $315,000
      2,080 SF

      Updated Duplex Near Transit Road

      Well-maintained 2-unit property with updated apartments and convenient location.
      66 S Bellevue Ave, Depew, NY 14043
      View Details
    • $299,900
      Pending

      Depew Duplex Investment Opportunity

      Fully rented duplex on a large corner lot in Depew.
      435 Columbia Ave, Depew, NY 14043
      View Details
    • $449,000

      Transit Road Commercial Building For Sale

      Two-story retail/office building with high traffic exposure.
      6260 Transit Rd, Depew, NY 14043
      View Details
    • $1,599,000

      Versatile Multi-Use Office Building

      Well-maintained office building with expansion potential in a high-traffic location.
      6300 Transit Rd, Depew, NY 14043
      View Details
    • $349,900

      Mixed-Use Property with Retail Space

      Mixed-use property featuring retail space and a three-bedroom apartment.
      5026 Broadway, Depew, NY 14043
      View Details
    • Contact for pricing

      Former Retail Storefront on Corner

      Former retail store with high visibility and easy access.
      1375 French Rd, Depew, NY 14043
      View Details
    • Contact for pricing
      20,120 SF

      Depew Industrial Buildings with Silos

      Two industrial buildings with modern office and backup power.
      5636 Transit Rd, Depew, NY 14043
      View Details
    • $279,900
      1,680 SF

      High-Visibility Office Building on George Urban

      Well-maintained 1,680 Sq Ft office building on George Urban Blvd.
      2478 George Urban Blvd, Depew, NY 14043
      View Details
    • $149,000

      Commercial Property Near Transit Road

      Commercial property near Transit Road, Depew, NY. Excellent investment opportunity.
      20 Hanwell Pl, Depew, NY 14043
      View Details

    FAQs

    What type of property is this?
    Land - 2.13 Acres, M1 Zoning, High Demand
    Where is this land located?
    The property is located at 00 Dick Rd Depew, NY.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: $270,000 asking price.; 2.13-acre commercial land parcel.; M1 Light Industrial zoning.
    Request Owner's contact information
    00 Dick Rd Depew, NY 14043
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    00 Dick Rd
    Depew, NY 14043
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    00 Dick Rd Depew, NY 14043
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Stephen Hunt
    Stephen Hunt
    Real Estate License ID: NY 10301203321
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.