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

    4685 Broadway Depew, NY 14043-3817

    • Auto shops
    • 4,925 SF
    • 0.48 lot acres
    OFF-MARKET
    Last Sale
    May 23, 2023
    $495,000
    Value Estimations
    $505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6038974
    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

    • Broadway Service Center / Auto Repair Shop
    • Strickland Automotive / Auto Repair Shop

    Property Details for 4685 Broadway

    Year built
    1945
    Lot size
    0.48 lot acres
    Property size
    4,925 SF
    Zone code
    05C
    Property type
    Auto shops
    APN
    143003 104.69-6-6.1
    APU
    14300310469661

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $515,000
      ML approach
      $505,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $351,000
      Market price range: $250k - $814k
      AI Estimate
      $304,000
      Market price range: $278k - $655k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $495,000
      Current use
      RETAIL STORES
      $715,000
      Change: +44% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $665,000
      Change: +35% Conversion: Difficult
      OFFICE BUILDING
      $575,000
      Change: +16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $410,000
      Change: -17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Depew
    County
    Erie
    State
    New York
    Longitude
    -78.7016
    Latitude
    42.9015
    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
    $80,000
    $195,000
    $275,000
    -
    $87,912
    $214,286
    $302,198

    Comparable in this City

    • Value Estimation
      $2,085,000
      2,133 SF

      4885 Transit Rd

      AUTO REPAIR, GARAGE • 2,133 SF
      4885 Transit Rd, Depew, NY 14043-4776
      View Details
    • Value Estimation by Request
      1,540 SF

      4854 Broadway

      AUTO REPAIR, GARAGE • 1,540 SF
      4854 Broadway, Depew, NY 14043-3925
      View Details
    • Value Estimation by Request
      1,800 SF

      80 Sheldon Ave

      AUTO REPAIR, GARAGE • 1,800 SF
      80 Sheldon Ave, Depew, NY 14043
      View Details
    • Value Estimation by Request
      1,830 SF

      50 Burkhardt Ave

      AUTO REPAIR, GARAGE • 1,830 SF
      50 Burkhardt Ave, Depew, NY 14043-2736
      View Details
    • Value Estimation
      $945,000
      6,321 SF

      4972 Transit Rd

      AUTO REPAIR, GARAGE • 6,321 SF
      4972 Transit Rd, Depew, NY 14043-4616
      View Details
    • Value Estimation by Request
      2,850 SF

      5770 Transit Rd

      AUTO REPAIR, GARAGE • 2,850 SF
      5770 Transit Rd, Depew, NY 14043-2817
      View Details

    Similar Nearby for Sale

    • 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
    • $468,000

      Depew Auto Shop For Sale

      2,481 SF former AAMCO building in a high-traffic location.
      3106 Walden Ave, Depew, NY 14043
      View Details
    • $1,400,000
      4,400 SF

      Profitable Auto Repair Facility ForSale

      Turn-key auto repair facility with NYS licenses, great location.
      2255 George Urban Blvd, Depew, NY 14043
      View Details
    • $549,000

      Operating Car Wash on Transit

      Self-serve car wash with vacuum stalls on Transit Road.
      6283 Transit Rd, Depew, NY 14043
      View Details
    • $549,000
      4,200 SF

      Depew Car Wash - $549,000

      Profitable Car Wash, High Traffic Area
      6283 Transit Rd, Depew, NY 14043
      View Details
    • $1,890,000
      13,165 SF

      Transit Road Retail Opportunity

      13,165 SF Vacant Retail Space in Depew, NY
      5460 Transit Rd, Depew, NY 14043
      View Details

    Similar Nearby for Lease

    • $1,890,000
      13,165 SF

      Transit Road Commercial Property For Rent

      Commercial property on Transit Road with high visibility and ample parking.
      5460 Transit Rd, Depew, 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

      Redevelopment Site on Hard Corner

      Gas station site for redevelopment in high-traffic retail area.
      580 Dick Rd, Depew, NY 14043
      View Details
    • $2,500 /Mo
      1,720 SF

      Retail Space on Broadway Available

      Retail space for rent with high traffic and ample parking.
      4990 Broadway, Depew, NY 14043
      View Details
    • Contact for pricing
      3,168 SF

      Transit Road Retail/Office Space

      Mixed-use center with high visibility and ample parking.
      4711 Transit Rd, Lancaster, NY 14043
      View Details
    • Contact for pricing
      2,160 SF

      Retail Space in Urbandale Plaza

      Retail space available in supermarket-anchored Urbandale Plaza.
      30-40 Patrick Ln, Depew, NY 14043
      View Details
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    4685 Broadway
    Depew, NY 14043-3817
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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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