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    Property profile & analytics

    6224 Transit Rd Depew, NY 14043-1027

    • Investment properties
    • 2,078 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    $250,000
    Last Sale
    Dec 27, 2024
    $260,000
    Location Intelligence
    Property ID
    US63-1778528
    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 6224 Transit Rd

    Year built
    1960
    Lot size
    0.18 lot acres
    Property size
    2,078 SF
    Zone code
    05C
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    143003 93.13-7-10
    APU
    1430039313710

    Description

    This 7,560 square foot retail property in Depew, NY, presents a compelling investment opportunity. Located on Transit Rd, it benefits from high visibility and traffic flow between Cheektowaga and Lancaster. Currently vacant, the property features two separate 2,078 square foot rentable units, offering flexibility for single or multi-tenant occupancy. The building, constructed in 1960, has undergone recent improvements, including a two-thirds roof replacement in 2021 and newer stone facade and vinyl siding. The property includes 10 parking spaces and sits on a 7,560 square foot lot, zoned O5C. With a net operating income (NOI) of $25,170 and an asking price of $274,900, this property boasts a 9.16% cap rate. The property's versatile layout and prime location make it ideal for a variety of retail uses. This is a rare opportunity to acquire a well-maintained, high-traffic retail space with significant upside potential. The property is ready for immediate occupancy.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $245,000

    • CAP approach

      CAP return
      Estimation
      6%
      $230,000
      6.5%
      $250,000
      7%
      $235,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $260,000
      Mixed-Use
      $270,000
      Hospitality
      $235,000
      Educational
      $220,000
      Residential Income
      $270,000
      Energy
      $230,000
      Income-Based Land
      $270,000
      Food Service
      $260,000

    Location Insight

    • Map
    • Local Demand
    City
    Depew
    County
    Erie
    State
    New York
    Longitude
    -78.6973
    Latitude
    42.9257
    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
    $28,600
    $141,400
    $170,000
    -
    $31,429
    $155,384
    $186,813

    Comparable in this City

    • Value Estimation by Request
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      Ter Blvd

      STORE/OFFICE (MIXED USE) • 1,248 SF
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      4934 Transit Rd

      STORE/OFFICE (MIXED USE) • 11,088 SF
      4934 Transit Rd, Depew, NY 14043-4666
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      15,161 SF

      4955 Broadway

      STORE/OFFICE (MIXED USE) • 15,161 SF
      4955 Broadway, Depew, NY 14043-3950
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    • Value Estimation
      $50,000
      704 SF

      5798 Transit Rd

      STORE/OFFICE (MIXED USE) • 704 SF
      5798 Transit Rd, Depew, NY 14043-2820
      View Details
    • Value Estimation by Request
      6,500 SF

      5340 Transit Rd

      STORE/OFFICE (MIXED USE) • 6,500 SF
      5340 Transit Rd, Depew, NY 14043
      View Details

    Similar Nearby for Sale

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      Depew, NY Storefront - $299,900

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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
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      Transit Road Retail/Office Space

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      View Details
    • $10 SF/Yr
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    • $15 SF/Yr
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      D&L Plaza Retail Space Available

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    • $216 SF/Yr
      7,000 SF

      Genesee Street Executive Office Space

      Prime Depew location, flexible suites available.
      5102 Genesee St, Depew, NY 14043
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    • Contact for pricing
      12,000 SF

      Cheektowaga Flex Space Sublease

      12,000 SF flex space available for sublease in Cheektowaga.
      2479 Walden Ave, Cheektowaga, NY 14043
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    • $13 SF/Yr
      1,500 SF

      Transit Road Retail/Office Space

      High-traffic location near supermarket and new apartments.
      6338-6348 Transit Rd, Depew, NY 14043
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    6224 Transit Rd
    Depew, NY 14043-1027
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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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