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

    390 Gould Ave Depew, NY 14043-3222

    • Industrial properties
    • 4,128 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1458179
    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

    • Mar-Wal Construction Co Inc / General Contractor / Utility Contractor

    Property Details for 390 Gould Ave

    Year built
    1925
    Lot size
    1.20 lot acres
    Property size
    4,128 SF
    Property type
    Industrial properties
    APN
    145201 104.62-1-14
    APU
    14520110462114

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $262,000
      Market price range: $87.6k - $263k

    • Alternative Use

      Use
      Estimation
      LUMBERYARD, BUILDING MATERIALS
      $175,000
      Current use
      COMMERCIAL (GENERAL)
      $375,000
      Change: +113% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $360,000
      Change: +104% Conversion: Difficult
      OFFICE BUILDING
      $305,000
      Change: +72% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Depew
    County
    Erie
    State
    New York
    Longitude
    -78.6928
    Latitude
    42.9056
    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
    $42,800
    $194,700
    $237,500
    -
    $57,073
    $259,627
    $316,700

    Comparable in this City

    • Value Estimation
      $240,000
      2,040 SF

      3181 Walden Ave

      INDUSTRIAL (GENERAL) • 2,040 SF
      3181 Walden Ave, Depew, NY 14043-2845
      View Details
    • Value Estimation
      $235,000
      6,704 SF

      268 Gould Ave

      INDUSTRIAL (GENERAL) • 6,704 SF
      268 Gould Ave, Depew, NY 14043-3128
      View Details
    • Value Estimation
      $715,000
      48,068 SF

      200 Gould Ave

      INDUSTRIAL (GENERAL) • 48,068 SF
      200 Gould Ave, Depew, NY 14043-3134
      View Details
    • Value Estimation
      $660,000
      106,104 SF

      2 Main St

      INDUSTRIAL (GENERAL) • 106,104 SF
      2 Main St, Depew, NY 14043-3323
      View Details
    • Value Estimation
      $350,000
      6,000 SF

      5033 Transit Rd

      INDUSTRIAL (GENERAL) • 6,000 SF
      5033 Transit Rd, Depew, NY 14043-4436
      View Details
    • Value Estimation
      $240,000
      3,962 SF

      3005 Walden Ave

      INDUSTRIAL (GENERAL) • 3,962 SF
      3005 Walden Ave, Depew, NY 14043-2607
      View Details

    Similar Nearby for Sale

    • $1,995,000

      12.5 + ACRES OF INDUSTRIAL LAND FOR SALE

      Land
      5600 Transit Rd, Depew, NY 14043
      View Details
    • Contact for pricing
      20,120 SF

      Depew, NY Industrial Warehouse

      20,120 SF Warehouse, Vacant, 5.88 Acres
      5636 Transit Rd, Depew, NY 14043
      View Details
    • $799,000
      13,724 SF

      Depew Flex Space Investment

      High-yield multi-use building, 13,724 SF
      5800 Transit Rd, Depew, NY 14043
      View Details
    • $239,900
      2,150 SF

      Depew, NY Retail Investment

      Grocery Store/Warehouse, High ROI
      4730 Broadway, 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
    • Contact for pricing
      2,481 SF

      Depew Auto Shop - For Sale/Lease

      Prime Depew location, 2481 sq ft auto shop.
      3106 Walden Ave, Depew, NY 14043
      View Details

    Similar Nearby for Lease

    • 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
    • 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
    • $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
    • $2,000 /Mo
      33,139 SF

      Depew Warehouse Space Available

      33,139 SF warehouse space for rent in Depew.
      166 Taylor Dr, Depew, NY 14043
      View Details
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    390 Gould Ave
    Depew, NY 14043-3222
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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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