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    For Sale (21)

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    Vacant Lots in Buffalo, NY
    Contact for pricing
    0.07 Acres

    Vacant Lots in Buffalo, NY

    Two adjacent vacant lots, ideal for development in Buffalo.

    175 Riley St, Buffalo, NY 14209
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    Mixed-Use Income Property, Buffalo
    $225,000
    4,785 SF

    Mixed-Use Income Property, Buffalo

    Mixed-use property with storefront and residential units in Buffalo.

    221 Masten Ave, Buffalo, NY 14209
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    Commercial Land on Transit Road
    $849,900
    0.88 Acres

    Commercial Land on Transit Road

    0.88 acre commercial land with development potential.

    7066 Transit Rd, Buffalo, NY 14221
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    Redevelopment Area Commercial Lot
    $325,000
    1,793 SF

    Redevelopment Area Commercial Lot

    Commercial lot in prime redevelopment location with multiple options.

    1164 Michigan Ave, Buffalo, NY 14209
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    Lackawanna Multi-Unit Investment Property
    $119,999
    1,554 SF

    Lackawanna Multi-Unit Investment Property

    Multi-unit property in Lackawanna, NY with high rental potential.

    15 Monroe St, Lackawanna, NY 14218
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    2.2 Acre Wooded Lot
    $230,000
    2.20 Acres

    2.2 Acre Wooded Lot

    2.2 acre wooded lot near Route 219 in Orchard Park.

    5261 Ellicott Rd, Orchard Park, NY 14127
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    Vacant Lot in West Side
    $40,000
    0.10 Acres

    Vacant Lot in West Side

    Vacant lot in desirable West Side neighborhood, Buffalo, NY.

    155 Fargo Ave, Buffalo, NY 14201
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    Kaisertown Investment Opportunity
    $219,900
    4,656 SF

    Kaisertown Investment Opportunity

    Mixed-use property with storefront and residential units in Buffalo.

    2047 Clinton St, Buffalo, NY 14206
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    Kaisertown Investment Opportunity
    $219,900
    4,656 SF

    Kaisertown Investment Opportunity

    Mixed-use property with storefront and residential units in Buffalo.

    2047 Clinton St, Buffalo, NY 14206
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    Buildable Lot Near Main Street
    Contact for pricing
    0.08 Acres

    Buildable Lot Near Main Street

    Buildable lot near Main Street, Canisius College, and Medical Campus.

    177 Riley St, Buffalo, NY 14209
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    Restored Allentown Residence: Income Opportunity
    $885,000
    5,088 SF

    Restored Allentown Residence: Income Opportunity

    Meticulously restored 1852 Allentown residence offering versatile living options.

    543 Franklin St, Buffalo, NY 14202
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    Eastwood Avenue Multifamily Investment Opportunity
    $244,900
    2,496 SF

    Eastwood Avenue Multifamily Investment Opportunity

    Three-bedroom duplex near Canisius University and Sisters of Charity Hospital.

    97 Eastwood Pl, Buffalo, NY 14208
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    Mixed-Use Building in Buffalo, NY
    $190,000
    11,200 SF

    Mixed-Use Building in Buffalo, NY

    Eight-unit apartment building with storefront in Buffalo, New York.

    1593 Broadway St, Buffalo, NY 14212
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    Updated West Side Double
    $349,900
    2,266 SF

    Updated West Side Double

    Updated duplex near Five Points, Elmwood Village, and downtown.

    371 Potomac Ave, Buffalo, NY 14213
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    Land in Clarence Center, NY
    $85,900
    1.50 Acres

    Land in Clarence Center, NY

    1.5 acre building lot with 332 foot frontage.

    Tonawanda Creek Rd, Clarence Center, NY 14032
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    Prime Corner Lot in Hamburg
    $129,900
    0.65 Acres

    Prime Corner Lot in Hamburg

    0.65-acre commercial lot with high visibility and traffic flow.

    6117 South Park Ave, Hamburg, NY 14075
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    Well-Kept Church with Parking
    $459,000
    6,560 SF

    Well-Kept Church with Parking

    Charming church with ample seating and paved parking.

    271 Bucyrus Dr, Buffalo, NY 14228
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    Land in Oxford Triangle, Buffalo
    $68,875
    0.05 Acres

    Land in Oxford Triangle, Buffalo

    Residential land near Delaware Avenue, close to parks and cultural attractions.

    231 Oxford Ave, Buffalo, NY 14209
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    Land Available in Hamburg, NY
    Contact for pricing
    0.24 Acres

    Land Available in Hamburg, NY

    Land for sale in Hamburg, New York.

    3209 Durham Rd, Hamburg, NY 14075
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    Multifamily Investment Property, Buffalo
    $200,000
    2,538 SF

    Multifamily Investment Property, Buffalo

    Three-unit multifamily property in Buffalo's West Side neighborhood.

    157 Fargo Ave, Buffalo, NY 14201
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    Transit Road Development Opportunity
    $849,900

    Transit Road Development Opportunity

    Commercial land with high visibility and development potential.

    7066 Transit Rd, Amherst, NY 14221
    View details

    For Lease (7)

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    Buffalo Office Suites For Rent
    $17 SF/Yr
    82,667 SF

    Buffalo Office Suites For Rent

    Office suites available for lease in Buffalo, New York.

    200 John James Audubon Pkwy, Buffalo, NY 14228
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    Visible Office Space For Lease
    $14 SF/Yr
    2,860 SF

    Visible Office Space For Lease

    Office space for lease in a high-traffic Lockport location.

    526 S Transit St, Lockport, NY 14094
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    Buffalo Office Space For Rent
    $15 SF/Yr
    151,938 SF

    Buffalo Office Space For Rent

    Available office space in a professional building near medical corridor.

    921 Main St, Buffalo, NY 14203
    View details
    Clarence Mixed-Use Opportunity
    $599,900
    5,004 SF

    Clarence Mixed-Use Opportunity

    Mixed-use property with income potential in Clarence, New York.

    9060 Main St, Clarence, NY 14031
    View details
    Tonawanda Commercial Space For Rent
    $15 SF/Yr
    39,667 SF

    Tonawanda Commercial Space For Rent

    Office or retail space available across from Boulevard Mall.

    1200 Niagara Falls Blvd, Tonawanda, NY 14150
    View details
    Visible Office Space For Lease
    $14 SF/Yr

    Visible Office Space For Lease

    Office space for lease with ample parking and full basement.

    526 S Transit St, Lockport, NY 14094
    View details
    Mixed-Use Property in Clarence, NY
    $599,900

    Mixed-Use Property in Clarence, NY

    Versatile mixed-use property with income potential in Clarence, NY.

    9060 Main St, Clarence, NY 14031
    View details

    Leases and Sales on Map

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    Request Owner's contact information
    M J Peterson Real Estate
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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
    M J Peterson Real Estate
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