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    Property profile & analytics

    5831 Transit Rd Depew, NY 14043

    • Investment properties
    • 1,930 SF
    • 0.24 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Value Estimation
    $360,000
    Last Sale
    Dec 23, 2024
    $385,000
    Location Intelligence
    Property ID
    US63-0350568
    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

    • Investment properties

    Property Details for 5831 Transit Rd

    Year built
    1974
    Lot size
    0.24 lot acres
    Property size
    1,930 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    145201 104.30-2-20
    APU
    14520110430220

    Description

    This exceptional 1,500-square-foot office space at 5831 Transit Road in Depew, New York, presents a fantastic opportunity for a single-tenant business. Located in Erie County, this property boasts a beautifully finished interior with modern appointments. The space features a stylish reception area, perfect for welcoming clients, and a large conference room ideal for meetings and presentations. There are four or five private offices, providing ample space for individual work or team collaboration. A highlight is the kitchen, showcasing a sophisticated herringbone brick finished floor. The property also includes a full basement, offering additional storage or potential for expansion. Accessibility is ensured with a handicap-accessible ramp. Ample parking is available on-site, providing convenience for employees and visitors. The high visibility location on Transit Road offers excellent exposure for your business. This is an ideal space for a single practice or a growing startup seeking a well-appointed and functional office environment. The property is a single-tenant occupancy, offering privacy and control. This is a rare opportunity to secure a move-in ready office space in a desirable location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $385,000

    • CAP approach

      CAP return
      Estimation
      6%
      $325,000
      6.5%
      $360,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $290,000
      Geo Method
      $295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $355,000
      Retail
      $270,000
      Mixed-Use
      $265,000
      Hospitality
      $290,000
      Educational
      $345,000
      Residential Income
      $275,000
      Energy
      $315,000
      Income-Based Land
      $270,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Depew
    County
    Erie
    State
    New York
    Longitude
    -78.6965
    Latitude
    42.9143
    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
    $35,500
    $103,500
    $139,000
    -
    $47,325
    $137,975
    $185,300

    Comparable in this City

    • Value Estimation by Request
      2,152 SF

      3427 Transit Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,152 SF
      3427 Transit Rd, Depew, NY 14043-4854
      View Details
    • Value Estimation by Request
      2,784 SF

      5044 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 2,784 SF
      5044 Broadway, Depew, NY 14043-3946
      View Details
    • Value Estimation
      $190,000
      2,407 SF

      94 Meridian St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,407 SF
      94 Meridian St, Depew, NY 14043
      View Details
    • Value Estimation by Request
      2,200 SF

      5473 Transit Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,200 SF
      5473 Transit Rd, Depew, NY 14043-3223
      View Details
    • Value Estimation by Request
      2,305 SF

      274 Gould Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,305 SF
      274 Gould Ave, Depew, NY 14043-3139
      View Details
    • Value Estimation by Request
      1,612 SF

      4694 Broadway

      OFFICE/RESIDENTIAL (MIXED USE) • 1,612 SF
      4694 Broadway, Depew, NY 14043-3809
      View Details

    Similar Nearby for Sale

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      Corner Commercial Property with Showroom

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      High-yield multi-use building, 13,724 SF
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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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    • $1,399,900
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      000 includes all contents with an option to purchase the building and land. Many different options are also available which seller is open to discussing. Located at the intersection of Broadway and Penora has a traffic count of 12

      000 passing vehicles a day. Minutes from the village of Lancaster. Large parking lot with over 50+ available parking spots and covered patio area for outside dining as well as a garage door for deliveries. This is a rare opportunity to purchase a profitable and charming restaurant with a good-sized dining room! This Family Restaurant is a legendary WNY staple! Famous for their pizza and wings
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    Similar Nearby for Lease

    • $20 SF/Yr
      27,000 SF

      Transit Road Retail/Office Space

      New mixed-use building with retail/office space for lease.
      4781 Transit Rd, Depew, NY 14043
      View Details
    • $2,500 /Mo
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      Retail Space on Broadway Available

      Retail space for rent with high traffic and ample parking.
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    • Contact for pricing
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      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
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    • Contact for pricing

      Transit-French Square Plaza Outparcels

      Two divisible outparcels available for ground lease or build-to-suit.
      1428 French Rd, Depew, NY 14043
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    • $1,700 /Mo

      Remodeled Duplex with Finished Basement

      Remodeled 3-bedroom duplex near Transit Road, immediate occupancy.
      3038 George Urban Blvd, Depew, NY 14043
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    5831 Transit Rd
    Depew, NY 14043
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    Realmo Value Estimation

    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.

    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.

    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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