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    5011 Broadway Depew, NY 14043

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    5011 Broadway Depew, NY 14043

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    • Commercial real estate
    • 2,940 SF
    For Sale
    $299,900
    View Listing →
    Renovated Building on Broadway Corner For Sale
    $299,900
    2,940 SF

    Renovated Building on Broadway Corner

    Renovated building ideal for offices or retail with parking.

    5011 Broadway, Depew, NY
    View Listing
    Property ID
    US63-1374528
    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

    • Jennick Orthotics / Medical Clinic
    • Mr. John Aquino / Physician

    Property Details for 5011 Broadway

    Year built
    1940
    Property size
    2,940 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2,940-square-foot commercial property, located at 5011 Broadway in Depew, New York (14043), offers a unique blend of office and retail space in a single-story, free-standing building. Built in 1940 and completely renovated in 2020, this Class B property boasts a prime location at the corner of Broadway and Wenona Street. The building features a convenient 10-foot drive-in garage door at the rear, ideal for loading and unloading. Ample on-street parking is available on Broadway, supplemented by additional parking in front and along the side of the building. A large pole sign on Broadway provides excellent visibility and exposure for your business. The property is zoned for commercial use and situated in Erie County. Its strategic location offers easy access to major roadways, including Broadway and Transit Road, placing it approximately six-tenths of a mile east of their intersection. Furthermore, the property enjoys convenient proximity to the New York State Thruway (I-90) and the Buffalo-Niagara International Airport. This fully vacant space presents an excellent opportunity for a variety of businesses seeking a well-maintained, highly visible location in a thriving area.

    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
    -78.6893756
    Latitude
    42.9013858

    Comparable in this City

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      3,168 SF

      Transit Road Retail/Office Space

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      Transit Road Retail/Office Space

      Retail/Office space in high-traffic area on Transit Road.
      6348 Transit Rd, Depew, NY 14043
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    • $6 SF/Yr

      Versatile Flex Space Available

      Warehouse, office, and retail showroom space for lease.
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      Versatile Space in Catalyst Fitness Plaza

      Medical office, retail, and warehouse spaces available 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
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    Similar Nearby for Sale

    • $299,900

      Transit Road Office/Retail Building

      Two-story building suitable for office or retail use.
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      Mixed-Use Property in High-Traffic Area

      Mixed-use property with commercial space and residential apartments for sale.
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      Renovated Building on Broadway Corner

      Renovated building ideal for offices or retail with parking.
      5011 Broadway, Depew, NY 14043
      View Details
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      Transit Road Retail Opportunity

      2.76-acre site with existing building in high-traffic area.
      6140 Transit Rd, Depew, NY 14043
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      Renovated Building on Broadway Corner

      Renovated building suitable for offices or retail with drive-in garage.
      5011 Broadway Vlg, Depew, NY 14043
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    Similar Nearby for Lease

    • 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
      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.
      4727 Transit Rd, Lancaster, 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
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    • Contact for pricing

      Transit Road Retail/Office Space

      Retail/Office space in high-traffic area on Transit Road.
      6348 Transit Rd, Depew, NY 14043
      View Details
    View Listing
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    5011 Broadway
    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.

    More about this property
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    5011 Broadway, Depew, NY, 14043

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