Mixed-Use Property With
For Sale
$209,900
1082 Walden Ave, Buffalo, NY 14211
Commercial storefront space accompanies two residential apartments and a detached garage.
Property Size1,995 SF
Price / SF$105.21
Days on Market24
Property Features for 1082 Walden Ave
General Information
Standard status
Active
Size
1,995 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Building Details
Year Built
1927
Listing Agency:
HUNT Real Estate Corporation
(347) 968-4231
Listed By:
Md Nazmul Hussain · License #10401369637
Source:
Skinnercnyrealty
Added: Aug 8
Changed: Aug 30
Last Checked: Aug 30 at 8:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HUNT Real Estate Corporation
Investment Insights
Based on property information with market context.
Built in 1927, this mixed-use property combines a front commercial storefront with a half bathroom and two residential apartments. The lower residence contains one bedroom, a living room, kitchen, and full bathroom. Upstairs, the larger apartment offers four bedrooms along with living, dining, kitchen, and full-bath areas.
A full basement provides storage and utility space, while the detached garage accommodates three vehicles. The property is located on Walden Avenue in Buffalo, near shopping, restaurants, schools, public transportation, and major highways. Its combination of commercial and residential areas supports both owner occupancy and rental use, as stated in the property information.
A full basement provides storage and utility space, while the detached garage accommodates three vehicles. The property is located on Walden Avenue in Buffalo, near shopping, restaurants, schools, public transportation, and major highways. Its combination of commercial and residential areas supports both owner occupancy and rental use, as stated in the property information.
Key Highlights
- Front commercial storefront with half bathroom
- Lower apartment includes 1 bedroom and full bathroom
- Upper apartment includes 4 bedrooms, living room, dining room, kitchen, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,233
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$364,660
$364.7K
Cap Rate 7%
$260,471
$260.5K
Cap Rate 9%
$202,589
$202.6K
Market Conditions
NOI Build-Up for 1,995 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.7K $17.40/SF
− Vacancy
−$1.6K −$0.78/SF
EGI
$33.2K $16.62/SF
− OpEx
−$14.9K −$7.48/SF
NOI
$18.2K $9.14/SF
Area
Buffalo, NY
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$364,660
Cap Rate 7%
$260,471
Cap Rate 9%
$202,589
Alternative Uses
Best Use
Mixed Use
$307.8K
$269.3K – $359.1K
NOI $21,546 @ 7.0% cap · market cap 10.26%
Second Best
Multifamily LT 5
$282.8K
$247.4K – $329.9K
NOI $19,795 @ 7.0% cap · market cap 9.43%
Theoretical Best
Office A
$479.8K
$419.8K – $559.7K
NOI $33,583 @ 7.0% cap · market cap 16.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Explore this area
Business Placement
Demographics for 14211, NY
26,449
Population
11,498
Households
2.3
Avg Household Size
32
Median Age
15%
College-Educated
84%
High-School Grad
3.9 sq mi
ZIP Area
6,782
Density / Sq Mi
$34,490
Median Household Income
$30,705
Median Earnings
$1,008
Median Rent
$91,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial storefront space accompanies two residential apartments and a detached garage.
Where is this mixed-use property located?
The property is located at 1082 Walden Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $209,900.
What are key features of this property?
This property features: Front commercial storefront with half bathroom; Lower apartment includes 1 bedroom and full bathroom; Upper apartment includes 4 bedrooms, living room, dining room, kitchen, and full bathroom
