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    For Sale (31)

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    Downtown Buffalo Land with Garage
    $299,000
    0.15 Acres

    Downtown Buffalo Land with Garage

    Generously sized lot in downtown Buffalo near Symphony Circle.

    408 Porter Ave, Buffalo, NY 14201
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    Updated Duplex in North Buffalo
    $320,000
    1,512 SF

    Updated Duplex in North Buffalo

    Two updated units near Hertel Ave shops and restaurants.

    121 Hartwell Rd, Buffalo, NY 14216
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    Amherst Land Overlooking Ellicott Creek
    $475,000
    2.96 Acres

    Amherst Land Overlooking Ellicott Creek

    Residential land in Amherst, NY, overlooking Ellicott Creek.

    4795 Sheridan Dr, Amherst, NY 14221
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    Two-Unit Home Near D'Youville University
    $165,000
    2,212 SF

    Two-Unit Home Near D'Youville University

    Two-unit home with garage, close to Five Points.

    314 14Th St, Buffalo, NY 14213
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    Mixed-Use Property in Central Buffalo
    $995,000
    19,445 SF

    Mixed-Use Property in Central Buffalo

    20,000 SF mixed-use property with warehouse and apartments.

    250 Grant St, Buffalo, NY 14213
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    Spacious Updated Two-Family Residence
    $749,900
    4,070 SF

    Spacious Updated Two-Family Residence

    Impressive 2-family home with modern updates and separate utilities.

    143 Oakland Pl, Buffalo, NY 14222
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    Well-Maintained Double in Quiet Neighborhood
    $288,000
    2,380 SF

    Well-Maintained Double in Quiet Neighborhood

    Double in residential area near Delaware Park, Buffalo Zoo.

    76 Vernon Pl, Buffalo, NY 14214
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    Turn-Key Commercial Opportunity in Hamburg
    $325,000
    939 SF

    Turn-Key Commercial Opportunity in Hamburg

    Well-maintained commercial space in the heart of Hamburg, NY.

    133 Pine St, Hamburg, NY 14075
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    North Buffalo Multifamily Investment Opportunity
    $1,895,000
    25,600 SF

    North Buffalo Multifamily Investment Opportunity

    Two 12-unit apartment buildings in the heart of North Buffalo.

    1941 Hertel Ave, Buffalo, NY 14214
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    Two-Unit Investment Property, Buffalo NY
    $189,900
    1,695 SF

    Two-Unit Investment Property, Buffalo NY

    Two-unit property near University District, Buffalo. Ideal investment opportunity.

    101 Custer St, Buffalo, NY 14214
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    Lockport Development Opportunity
    $850,000
    32,716 SF

    Lockport Development Opportunity

    Three properties offer adaptive reuse potential near Erie Canal.

    100 Genesee St, Lockport, NY 14094
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    Niagara Falls Warehouse and Office
    $799,000
    12,512 SF

    Niagara Falls Warehouse and Office

    12,500 SF warehouse with office space and vacant lots.

    1717 Mackenna Ave, Niagara Falls, NY 14303
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    Upgraded Multifamily Investment Opportunity
    $498,000
    4,640 SF

    Upgraded Multifamily Investment Opportunity

    Two upgraded doubles on one parcel with ample parking.

    1280-82 West Ave, Buffalo, NY 14213
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    North Buffalo Two-Unit Property
    $189,900
    1,428 SF

    North Buffalo Two-Unit Property

    Two-unit property in North Buffalo with investment or owner-occupant potential.

    61 Henley Rd, Buffalo, NY 14216
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    Double Lot in Historic Westside
    $64,990
    0.14 Acres

    Double Lot in Historic Westside

    Fantastic double lot for dream home or investment units.

    139 School St, Buffalo, NY 14213
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    Lancaster Mixed-Use Investment Opportunity
    $669,000
    9,856 SF

    Lancaster Mixed-Use Investment Opportunity

    Mixed-use property in Lancaster Village with retail and residential units.

    5476 Broadway St, Lancaster, NY 14086
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    Residential Lot in Downtown Buffalo
    $99,900
    0.14 Acres

    Residential Lot in Downtown Buffalo

    Residential lot ideal for building a dream home.

    276 Summer St, Buffalo, NY 14222
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    Two-Unit Home on Double Lot
    $119,900
    1,866 SF

    Two-Unit Home on Double Lot

    Centrally located two-unit home with off-street parking and fenced yard.

    95 10Th St, Buffalo, NY 14201
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    Two-Unit Home with Development Potential
    $75,000
    2,440 SF

    Two-Unit Home with Development Potential

    Two-unit home with large attic near Medical Campus.

    106 Dodge St, Buffalo, NY 14209
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    West Seneca Duplex with Updates
    $199,000
    2,324 SF

    West Seneca Duplex with Updates

    Updated duplex in West Seneca with income potential.

    73 Columbia Pkwy, Buffalo, NY 14224
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    Allentown Duplex with Modern Updates
    $339,900
    1,645 SF

    Allentown Duplex with Modern Updates

    Two-unit property in Allentown Historic District, fully remodeled.

    13 Mariner St, Buffalo, NY 14201
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    North Tonawanda Industrial Facility
    Contact for pricing
    37,760 SF

    North Tonawanda Industrial Facility

    Industrial facility in North Tonawanda with user and investment potential.

    59 Felton St, North Tonawanda, NY 14120
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    Mixed-Use Building on Hertel Avenue
    Contact for pricing
    6,649 SF

    Mixed-Use Building on Hertel Avenue

    Mixed-use building with storefronts and apartments near Dash's grocery.

    1781 Hertel Ave, Buffalo, NY 14216
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    Mixed-Use Building in Allentown District
    Contact for pricing
    8,375 SF

    Mixed-Use Building in Allentown District

    8,375 SF mixed-use building with established restaurant and apartment.

    245 Allen St, Buffalo, NY 14201
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    West Side Redevelopment Opportunity
    Contact for pricing
    1,242 SF

    West Side Redevelopment Opportunity

    1.22-acre site for redevelopment on Buffalo’s West Side.

    356 W Ferry St, Buffalo, NY 14213
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    Mixed-Use Gem in North Buffalo
    Contact for pricing
    6,930 SF

    Mixed-Use Gem in North Buffalo

    All-brick mixed-use property with retail and apartments in vibrant location.

    1537 Hertel Ave, Buffalo, NY 14216
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    Industrial Building in Montclair
    Contact for pricing

    Industrial Building in Montclair

    10,885 SF industrial building with easy freeway access.

    Montclair, CA 91763
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    Mixed-Use Investment Opportunity in Lancaster
    $669,000

    Mixed-Use Investment Opportunity in Lancaster

    Mixed-use property with retail and residential units in Lancaster Village.

    5476 Broadway St, Lancaster, NY 14086
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    Turn-Key Salon Opportunity in Hamburg
    $325,000

    Turn-Key Salon Opportunity in Hamburg

    Well-maintained commercial space in the heart of Hamburg Village.

    133 Pine St, Hamburg, NY 14075
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    West Seneca Duplex with Updates
    $199,000

    West Seneca Duplex with Updates

    Updated duplex in West Seneca with income potential.

    73 Columbia Pkwy, West Seneca, NY 14224
    View details
    Spacious Two-Family Residence in Buffalo
    Contact for pricing
    4,070 SF

    Spacious Two-Family Residence in Buffalo

    Impressive, updated 2-family home with separate utilities and modern amenities.

    143 Oakland Pl, Buffalo, NY 14222
    View details

    For Lease (3)

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    Getzville Salon Suite For Lease
    $725 / Mo
    100 SF

    Getzville Salon Suite For Lease

    Private salon suite available for lease in Getzville, NY.

    315 Campbell Blvd, Getzville, NY 14068
    View details
    Niagara Street Commercial Opportunity
    $875,000
    4,744 SF

    Niagara Street Commercial Opportunity

    26,070 sqft property on 0.6 acres for rent.

    1433 Niagara St, Buffalo, NY 14213
    View details
    West Seneca Office Space Available
    $2,450 / Mo

    West Seneca Office Space Available

    1,842.50 sq ft office space in West Seneca, NY.

    4085 Seneca St, West Seneca, NY 14224
    View details

    Leases and Sales on Map

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    Gurney, Becker & Bourne
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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
    Gurney, Becker & Bourne
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