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    5132 Transit Rd Depew, NY 14043
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    Property profile & analytics

    5132 Transit Rd, Depew, NY 14043

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    • Retail properties & Spaces
    • 3,791 SF
    • 0.45 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Advanced Body Care / Spa & Massage Center
    • Terrie A. Varco, LMT / Alternative Medicine Practice / Spa & Massage Center
    • Future You by Julie / Hair Salon / Nail Salon

    Property Details for 5132 Transit Rd

    Year built
    1927
    Lot size
    0.45 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This 3,791 sq ft storefront, located at 5132 Transit Rd, Depew, NY 14043, is offered at $550,000. The property, built in 1927 and renovated in 2020, sits on a 0.45-acre lot (APN 143089-115-050-0006-020-100) and is zoned 05C. Currently vacant, this single-unit building presents a turnkey opportunity for a salon or similar business. Its prime location in a high-traffic area ensures excellent visibility and accessibility, with ample parking nearby. The interior is modern and designed to accommodate multiple services, including hair styling, nail care, and massage therapy. The property's established reputation and loyal clientele base provide a strong foundation for continued success. This owner/user investment offers diverse revenue streams and significant growth potential. The property features a welcoming reception area and is fully equipped for immediate operation. This is a rare opportunity to acquire a thriving business in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Depew
    County
    Erie
    State
    New York
    Longitude
    -78.6973
    Latitude
    42.8932

    Comparable in this City

    • Value Estimation by Request
      2,940 SF

      5011 Broadway

      Individual retail properties
      5011 Broadway, Depew, NY 14043
      View Details
    • Value Estimation by Request
      3,791 SF

      5132 Transit Rd

      Individual retail properties
      5132 Transit Rd, Depew, NY 14043
      View Details
    • Value Estimation
      $1,475,000
      21,518 SF

      2900 Walden Ave

      RETAIL STORES (PERSONAL SERVICES)
      2900 Walden Ave, Depew, NY 14043-2603
      View Details
    • Value Estimation
      $845,000
      11,358 SF

      4733 William St

      RETAIL STORES (PERSONAL SERVICES)
      4733 William St, Depew, NY 14043-4633
      View Details
    • Value Estimation
      $1,135,000
      10,836 SF

      6000 Transit Rd

      RETAIL STORES (PERSONAL SERVICES)
      6000 Transit Rd, Depew, NY 14043-1530
      View Details
    • Value Estimation
      $1,500,000
      24,598 SF

      2205 George Urban Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2205 George Urban Blvd, Depew, NY 14043-1921
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Former Retail Storefront on Corner

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      Renovated Building on Broadway Corner

      Renovated building ideal for offices or retail with parking.
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      Mixed-Use Property with Development Potential

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    • New
      $749,900
      2,877 SF

      Prime Corner Commercial Opportunity

      High-visibility corner property with retail, office, and residential potential.
      4734 Transit Rd, Depew, NY 14043
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    Similar Nearby for Lease

    • Contact for pricing
      1,200 SF

      Transit Road Retail Space Available

      Established hair salon location with high visibility and ample parking.
      5319-5333 Transit Rd, Depew, NY 14043
      View Details
    • Contact for pricing
      13,865 SF

      Walden Avenue Retail/Showroom Opportunity

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      3291 Walden Ave, Depew, NY 14043
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      1,000 SF

      Transit Road Retail/Office Space

      High-traffic location near supermarket and new apartments.
      6338-6348 Transit Rd, Depew, NY 14043
      View Details
    • Contact for pricing

      Lancaster Warehouse/Retail/Office Space Available

      Versatile space near Transit Rd with high traffic volume.
      3283-3291 Walden Ave, Lancaster, NY 14043
      View Details
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    Depew, NY 14043
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    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
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