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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    35 Neoga St Depew, NY 14043-3315

    • Industrial properties
    • 115,416 SF
    • 5.44 lot acres
    OFF-MARKET
    Value Estimations
    $480,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3775260
    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.

    Current Use by Public Records

    • Shuman Plastics Inc / Plastic Fabrication Company

    Property Details for 35 Neoga St

    Year built
    1940
    Lot size
    5.44 lot acres
    Property size
    115,416 SF
    Property type
    Industrial properties
    APN
    145201 104.55-1-51.1
    APU
    145201104551511

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $480,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Depew
    County
    Erie
    State
    New York
    Longitude
    -78.6889
    Latitude
    42.907
    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
    $160,000
    $1,790,000
    $1,950,000
    -
    $213,333
    $2,386,667
    $2,600,000

    Comparable in this City

    • Value Estimation
      $215,000
      0.39 Acres

      Drullard Ave

      INDUSTRIAL (GENERAL) • 0.39 Acres
      Drullard Ave, Depew, NY 14043
      View Details
    • Value Estimation
      $565,000
      90,267 SF

      3307 Walden Ave

      INDUSTRIAL (GENERAL) • 90,267 SF
      3307 Walden Ave, Depew, NY 14043-2347
      View Details
    • Value Estimation
      $580,000
      83,190 SF

      3362 Walden Ave

      INDUSTRIAL (GENERAL) • 83,190 SF
      3362 Walden Ave, Depew, NY 14043-2437
      View Details
    • Value Estimation
      $325,000
      18,120 SF

      4490 Broadway

      INDUSTRIAL (GENERAL) • 18,120 SF
      4490 Broadway, Depew, NY 14043-2904
      View Details
    • Value Estimation
      $555,000
      52,397 SF

      3395 Walden Ave

      INDUSTRIAL (GENERAL) • 52,397 SF
      3395 Walden Ave, Depew, NY 14043-2438
      View Details
    • Value Estimation
      $335,000
      12,618 SF

      3179 Walden Ave

      INDUSTRIAL (GENERAL) • 12,618 SF
      3179 Walden Ave, Depew, NY 14043-2843
      View Details

    Similar Nearby for Sale

    • $1,995,000

      12.5 + ACRES OF INDUSTRIAL LAND FOR SALE

      Land
      5600 Transit Rd, Depew, NY 14043
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      20,120 SF

      Depew, NY Industrial Warehouse

      20,120 SF Warehouse, Vacant, 5.88 Acres
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      Depew Flex Space Investment

      High-yield multi-use building, 13,724 SF
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    • $239,900
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      Depew, NY Retail Investment

      Grocery Store/Warehouse, High ROI
      4730 Broadway, Depew, NY 14043
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      Depew Industrial Buildings with Silos

      Two industrial buildings with modern office and backup power.
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    • $299,900
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      Depew, NY Storefront - $299,900

      Prime Depew Retail Space - Vacant & Renovated
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      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      12,000 SF

      Depew Flex Space Available

      Flex space with warehouse, office, and retail showroom areas.
      3950 Broadway, Depew, NY 14043
      View Details
    • Contact for pricing
      1,500 SF

      Lancaster Flex/Industrial Space Available

      Flex/industrial space available for lease in Lancaster, New York.
      6509 Transit Rd, Lancaster, NY 14043
      View Details
    • Contact for pricing
      29,000 SF

      Cheektowaga Industrial Space For Lease

      Industrial space available in Cheektowaga, between Walden & William.
      3205 Broadway, Cheektowaga, 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
    • $750 /Mo

      Heated Garage/Storage Space Available

      630 sq ft heated garage/storage space for rent.
      5770 Transit Rd, Cheektowaga, NY 14043
      View Details
    • $6 SF/Yr
      16,976 SF

      Versatile Flex Space Available

      Warehouse, office, and retail showroom space for lease.
      3950 Broadway St, Buffalo, NY 14043
      View Details
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    35 Neoga St
    Depew, NY 14043-3315
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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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