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    Property profile & analytics

    5983 Transit Rd Lockport, NY 14094-6369

    • Turn key restaurants
    • 3,037 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US63-3409486
    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

    • Town & Country Floor Covering / Wood Floor Refinishing Service / Flooring Store
    • Modern Electrical Construction / Electrician / Engineer
    • One-Eyed Jacks / Barbecue Restaurant / Catering Food And Drink Supplier
    • Cavlee Development Co., Inc / General Contractor

    Property Details for 5983 Transit Rd

    Year built
    1982
    Lot size
    0.27 lot acres
    Property size
    3,037 SF
    Zone code
    B-1
    Property type
    Turn key restaurants
    APN
    292600 138.09-1-6.111
    APU
    2926001380916111

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $335,000
      7%
      $335,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $285,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $280,000
      Mixed-Use
      $285,000
      Hospitality
      $320,000
      Educational
      $325,000
      Residential Income
      $270,000
      Energy
      $330,000
      Income-Based Land
      $270,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.6964
    Latitude
    43.1332
    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
    0
    $0.00
    $110,000
    $105,000
    $215,000
    -
    $110,000
    $105,000
    $215,000

    Comparable in this City

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      1,977 SF

      3958 Lockport Olcott Rd

      RESTAURANT • 1,977 SF
      3958 Lockport Olcott Rd, Lockport, NY 14094-1133
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      $235,000
      8,932 SF

      210 Market St

      RESTAURANT • 8,932 SF
      210 Market St, Lockport, NY 14094-2935
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    • Value Estimation
      $1,335,000
      3,359 SF

      383 Davison Rd

      RESTAURANT • 3,359 SF
      383 Davison Rd, Lockport, NY 14094-4020
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    • Value Estimation
      $2,760,000
      5,412 SF

      5822 Transit Rd

      RESTAURANT • 5,412 SF
      5822 Transit Rd, Lockport, NY 14094-6318
      View Details
    • Value Estimation
      $160,000
      1,596 SF

      3997 Lowr Mtn Rd

      RESTAURANT • 1,596 SF
      3997 Lowr Mtn Rd, Lockport, NY 14094-8800
      View Details

    Similar Nearby for Sale

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      Transit Road Commercial Acreage Available

      7.64 acres on Transit Road with existing structures.
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    • $895,000
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      Downtown Lockport Office Building

      Two-story office building in the heart of Lockport.
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    • $199,999
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      Retail building for sale adjacent to the Erie Canal.
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    Similar Nearby for Lease

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      5,800 SF

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      Prime Lockport retail space, high visibility, ample parking.
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    • $9 SF/Yr
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      Retail Space on Transit Street

      Retail space in Lockport's growing business corridor.
      282-312 S Transit St, Lockport, NY 14094
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    • Contact for pricing
      51,300 SF

      Retail Space on Transit Road

      Retail property with high visibility and ample parking available for lease.
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    • Contact for pricing

      Lockport Retail Corridor Opportunity

      Retail and warehouse spaces available in Lockport shopping center.
      5897 S Transit Rd, Lockport, NY 14094
      View Details
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    5983 Transit Rd
    Lockport, NY 14094-6369
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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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