2136 George Urban Blvd Depew, NY 14043-1848
Property profile & analytics
2136 George Urban Blvd Depew, NY 14043-1848
- Auto shops
- 6,677 SF
- 1.22 lot acres
Property ID
US63-0025088
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Bridgestone / (Bike/Boat/Book/etc) Store / Auto Parts Store
- Firestone Complete Auto Care / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 2136 George Urban Blvd
- Year built
- 1989
- Lot size
- 1.22 lot acres
- Property size
- 6,677 SF
- Zone code
- 05C
- Property type
- Auto shops
- APN
- 143003 92.18-17-23.122
- APU
- 14300392181723122
Description
This exceptional investment opportunity presents a 6,595 square foot Firestone Complete Auto Care, a single-tenant, net-leased property located at 2136 George Urban Blvd in Depew, New York. The property sits on 1.21 acres and boasts a strong 36+ year operating history with the current franchisee. Built in 1987 and renovated in 2017, including a new roof in 2019 with a 10-year transferable warranty, the building is well-maintained and situated in a high-traffic area with excellent visibility. The lease, a double net lease with minimal landlord responsibilities, has a remaining term of 4.9 years with two 5-year options, each including a 7.8% rent bump. The current asking price is $1,895,842, representing a 6.00% cap rate and a price per square foot of $287.47. The property generates a net operating income (NOI) of $113,750. This prime location is less than 3 miles from Buffalo Niagara International Airport and 2 miles from the Galleria Mall, benefiting from a dense trade area with over 70,375 people within a 3-mile radius and an average household income exceeding $84,722. The property is conveniently located along George Urban Blvd (14,659 vehicles per day) and Dick Rd (27,412 vehicles per day), with close proximity to I-90 and is an outparcel to Urbandale Plaza, a 257,000 square foot retail center anchored by Wegmans. The tenant, a Firestone franchisee, enjoys an "A" S&P credit rating, providing a strong corporate guarantee and demonstrating a long-term commitment to the location, having recently exercised a 5-year option. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,084,000
- AI Estimate
- $888,000
Market price range: $339k - $1.10MMarket price range: $377k - $889k -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $670,000 Current use
- RETAIL STORES
- $970,000 Change: +44% Conversion: Difficult
- RESTAURANT
- $910,000 Change: +36% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $905,000 Change: +35% Conversion: Difficult
- OFFICE BUILDING
- $780,000 Change: +16% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Depew
- County
- Erie
- State
- New York
- Longitude
- -78.7333
- Latitude
- 42.9192
- CBSA code
- 15380
- CBSA name
- BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$340,000
$510,000
$850,000
-
$373,626
$560,440
$934,066
