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    3003 Walden Ave Depew, NY 14043
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    3003 Walden Ave Depew, NY 14043

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    • Turn key restaurants
    • 2,218 SF
    • 1.20 lot acres
    For Lease
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    Commercial Land on Walden Avenue For Lease
    Contact for pricing

    Commercial Land on Walden Avenue

    Commercial land available for lease on Walden Avenue.

    3003 Walden Ave, Depew, NY 14043
    View Listing
    Property ID
    US63-3450101
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Campfire Grill Franchise Inc. / Restaurant
    • Campfire Grill / Restaurant

    Property Details for 3003 Walden Ave

    Year built
    1978
    Lot size
    1.20 lot acres
    Property size
    2,218 SF
    Zone code
    05C
    Property type
    Turn key restaurants
    APN
    143003 103.15-1-6
    APU
    1430031031516

    Description

    This exceptional commercial land opportunity in Depew, New York, presents 2,342,134,080 square feet (approximately 0.76 acres) of prime real estate ideally situated on Walden Avenue. Boasting 185 feet of frontage and a depth of approximately 175 feet, this property benefits from exceptional visibility and accessibility due to its location on a highly trafficked thoroughfare with an estimated 25,000 to 75,000 vehicles passing daily. The site is conveniently located near the intersection of Walden Avenue and Dick Road, a signalized corner offering optimal exposure. Its strategic position provides easy access to Interstate 90, enhancing its appeal for businesses seeking convenient transportation links. The property features ample paved parking accommodating 100+ vehicles, and public sewer is readily available. This single-tenant site offers significant potential for a variety of commercial uses, making it an attractive investment in a thriving Erie County location. The total building square footage is 32,000 square feet. This property is zoned for commercial use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Depew
    County
    Erie
    State
    New York
    Longitude
    -78.7226
    Latitude
    42.9084
    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
    $185,000
    $15,000
    $200,000
    -
    $203,296
    $16,484
    $219,780

    Comparable in this City

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      6425 Transit Rd

      RESTAURANT • 3,589 SF
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      5202 Transit Rd

      RESTAURANT • 2,244 SF
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      2,268 SF

      5016 Broadway

      RESTAURANT • 2,268 SF
      5016 Broadway, Depew, NY 14043-3938
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      5055 Broadway

      RESTAURANT • 4,530 SF
      5055 Broadway, Depew, NY 14043-3935
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    • Value Estimation
      $1,635,000
      29,648 SF

      333 Dick Rd

      RESTAURANT • 29,648 SF
      333 Dick Rd, Depew, NY 14043-1849
      View Details

    Similar Nearby for Sale

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      Established Restaurant on Transit Road

      Restaurant, property, and equipment included in sale on Transit Rd.
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    Similar Nearby for Lease

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      1,030 SF

      Transit Road Retail/Office/Medical Space

      Mixed-use center with high visibility and ample parking.
      4729-4731 Transit Rd, Lancaster, NY 14043
      View Details
    • Contact for pricing
      1,505 SF

      Transit Road Retail/Office/Medical Space

      Mixed-use center with high visibility and ample parking.
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      Lancaster Warehouse/Retail/Office Space Available

      Versatile space near Transit Rd with high traffic volume.
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      Versatile Space in Catalyst Fitness Plaza

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    View Listing
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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.

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