Single-Tenant 1031 Exchange
For Sale
Contact for pricing
111 Maple St, Buffalo, NY 14204
A fully leased commercial asset carries a 10-year lease with defined rent escalations and one tenant in occupancy.
Property Size11,464 SF
Price / SF$139.57
Days on Market190
Property Features for 111 Maple St
General Information
Standard status
Active
Size
11,464 SF
Property subtype
Mixed Use, Office, Special Purpose
Zoning
x
Occupancy
100%
Net Operating Income
$126,000
Building Details
Stories
1
Units
1
Tenancy
Single
Listing Agency:
WindsorTurner, LLC
Listed By:
Rod Nagy · License #10491213219
Source:
Crexi
Added: Apr 9
Changed: Oct 4
Last Checked: Oct 14 at 10:57PM
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 WindsorTurner, LLC
Investment Insights
Based on property information with market context.
This commercial property contains approximately 11,464 square feet and is occupied by a single tenant. The building is fully leased under a 10-year agreement with defined rent escalations, providing a clearly established lease structure for ownership review. The tenant has been in place since 2021, and the property is located in Buffalo, New York.
The asset offers a straightforward single-tenant configuration rather than multiple suites or separate occupancies. Its lease profile and existing tenant placement may fit acquisition criteria centered on 1031 exchange properties, private ownership, or income-oriented portfolios. Zoning is identified as x.
The asset offers a straightforward single-tenant configuration rather than multiple suites or separate occupancies. Its lease profile and existing tenant placement may fit acquisition criteria centered on 1031 exchange properties, private ownership, or income-oriented portfolios. Zoning is identified as x.
Key Highlights
- Approximately 11,464 square feet
- Fully leased to a single tenant
- 10‑year lease in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,950
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,859,000
$2.9M
Cap Rate 7%
$2,042,143
$2.0M
Cap Rate 9%
$1,588,333
$1.6M
Market Conditions
NOI Build-Up for 11,464 SF
Gross rent
$233.9K $20.40/SF
− Vacancy
−$43.3K −$3.77/SF
EGI
$190.6K $16.63/SF
− OpEx
−$47.7K −$4.16/SF
NOI
$143.0K $12.47/SF
Area
Buffalo, NY
Vacancy
18.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,859,000
Cap Rate 7%
$2,042,143
Cap Rate 9%
$1,588,333
Alternative Uses
Best Use
Office B
$2.04M
$1.79M – $2.38M
NOI $142,950 @ 7.0% cap · market cap 8.93%
Second Best
Mixed Use
$1.77M
$1.55M – $2.06M
NOI $123,811 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $192,980 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,630
Businesses Nearby
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Business Placement
Demographics for 14204, NY
9,026
Population
5,514
Households
1.6
Avg Household Size
40
Median Age
16%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
5,014
Density / Sq Mi
$26,000
Median Household Income
$31,707
Median Earnings
$814
Median Rent
$151,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Buffalo, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
1031 exchange property - A fully leased commercial asset carries a 10-year lease with defined rent escalations and one tenant in occupancy.
Where is this 1031 exchange property located?
The property is located at 111 Maple St Buffalo, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approximately 11,464 square feet; Fully leased to a single tenant; 10‑year lease in place
