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

    4815 Broadway Depew, NY 14043-3926

    • Retail space
    • 13,905 SF
    • 2.14 lot acres
    OFF-MARKET
    Last Sale
    Feb 11, 2021
    $2,000,000
    Value Estimations
    $1,990,000
    Show details
    Cap Rate Potential
    6.5%
    Retail space
    Location Intelligence
    Property ID
    US63-2525555
    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

    • Western Union / Bank / Credit Union
    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Walgreens Pharmacy / Pharmacy
    • Matthew J. Sciara, RPH / Pharmacy
    • Audrey L. Belz, Pharm / Pharmacy

    Property Details for 4815 Broadway

    Year built
    1996
    Lot size
    2.14 lot acres
    Property size
    13,905 SF
    Property type
    Retail space
    APN
    145201 104.78-1-1.11
    APU
    145201104781111

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,910,000
      ML approach
      $2,110,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,085,000
      6.5%
      $1,925,000
      7%
      $1,785,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,477,000
      Market price range: $983k - $3.03M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,020,000
      Current use
      RESTAURANT
      $1,900,000
      Change: -6% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,880,000
      Change: -7% Conversion: Moderate
      OFFICE BUILDING
      $1,625,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Depew
    County
    Erie
    State
    New York
    Longitude
    -78.6963
    Latitude
    42.901
    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
    $600,000
    $1,400,000
    $2,000,000
    -
    $800,000
    $1,866,667
    $2,666,667

    Comparable in this City

    • Value Estimation
      $1,135,000
      10,836 SF

      6000 Transit Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,836 SF
      6000 Transit Rd, Depew, NY 14043-1530
      View Details
    • Value Estimation
      $1,500,000
      24,598 SF

      2205 George Urban Blvd

      RETAIL STORES (PERSONAL SERVICES) • 24,598 SF
      2205 George Urban Blvd, Depew, NY 14043-1921
      View Details
    • Value Estimation
      $1,160,000
      12,310 SF

      4937 Transit Rd

      RETAIL STORES (PERSONAL SERVICES) • 12,310 SF
      4937 Transit Rd, Depew, NY 14043-4624
      View Details
    • Value Estimation
      $1,475,000
      21,518 SF

      2900 Walden Ave

      RETAIL STORES (PERSONAL SERVICES) • 21,518 SF
      2900 Walden Ave, Depew, NY 14043-2603
      View Details
    • Value Estimation by Request
      3,791 SF

      5132 Transit Rd

      Individual retail properties • 3,791 SF
      5132 Transit Rd, Depew, NY 14043
      View Details
    • Value Estimation
      $605,000
      7,200 SF

      3277 Walden Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,200 SF
      3277 Walden Ave, Depew, NY 14043-2311
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Former Retail Storefront on Corner

      Former retail store with high visibility and easy access.
      1375 French Rd, Depew, NY 14043
      View Details
    • Contact for pricing
      3,044 SF

      Depew, NY Storefront Office Building

      Prime Transit Rd location, vacant, 3,044 sq ft.
      6216 Transit Rd, Depew, NY 14043
      View Details
    • $299,900

      Transit Road Office/Retail Building

      Two-story building suitable for office or retail use.
      6216 Transit Rd, Depew, NY 14043
      View Details
    • $499,900
      1,650 SF

      Retail Property on High Traffic Corner

      Retail property with a net lease and rental increases.
      3263 Walden Ave, Depew, NY 14043
      View Details
    • $299,900
      2,940 SF

      Depew, NY Storefront - $299,900

      Prime Depew Retail Space - Vacant & Renovated
      5011 Broadway, Depew, NY 14043
      View Details
    • $449,000

      Transit Road Commercial Building For Sale

      Two-story retail/office building with high traffic exposure.
      6260 Transit Rd, Depew, NY 14043
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      13,865 SF

      Walden Avenue Retail/Showroom Opportunity

      Retail/showroom space with high ceilings and traffic count.
      3291 Walden Ave, Depew, NY 14043
      View Details
    • $8 SF/Yr
      257,599 SF

      Supermarket Anchored Shopping Center Space

      Retail spaces available in a Wegmans-anchored shopping center.
      2090 George Urban Blvd, 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
    • $12 SF/Yr
      20,304 SF

      Transit Road Retail Redevelopment Opportunity

      Retail space for lease on Transit Road with high visibility.
      5287 Transit Rd, Depew, NY 14043
      View Details
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    4815 Broadway
    Depew, NY 14043-3926
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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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