Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3031-3035 Genesee St Buffalo, NY 14225

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr ($2,000 /Mo)

    Former salon and convenience store spaces available for lease.

    Property size:
    1,500 SF
    Lot size:
    1.00 Acre

    Property Features for 3031-3035 Genesee St

    General Information

    Size
    1,500 SF
    Lot size
    1.00 Acre

    We can help!

    Listing Contact
    Rick Recckio
    Rick Recckio
    Source: Moodyscre

    Listing Agent: Rick Recckio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space Available For Lease

    Available for lease are two retail spaces, including a former salon space with 8 stations, encompassing approximately 1,000 square feet. The space is equipped with heating, cooling, and restroom facilities. The owner is open to updating the space with new floors, paint, and other basic updates for an additional cost. Also available is a former convenience store and deli space of approximately 1,500 square feet. The plaza houses multiple tenants, including Value Vision, Shades Unlimited, Luv Liv Hair, a delicatessen, and Mayback's Pizza/Subs.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.772855
    Latitude
    42.924497

    Nearby Similar for Lease

    • $7,750 /Mo
      5,000 SF

      Spacious Rental Near Cazenovia Park

      Two-story, 5,000 sq ft rental near Cazenovia Park.
      57 St John's Parkside, Buffalo, NY 14210
      View Details
    • $5,000 /Mo
      10,908 SF

      Turn-Key Restaurant and Warehouse

      Restaurant, renovated apartment, and warehouse for rent in Buffalo.
      898 Genesee St, Buffalo, NY 14211
      View Details
    • $3,300 /Mo
      4,000 SF

      Versatile Office Unit in Buffalo

      Office unit for lease with oversized reception area and ample parking.
      3685 Harlem Rd, Buffalo, NY 14215
      View Details
    • $825 /Mo
      1,200 SF

      Historic Boyd Mansion Office Suite

      Affordable office space in historic Boyd Mansion, Buffalo, NY.
      1109 Delaware Ave, Buffalo, NY 14209
      View Details
    • $8 SF/Yr
      29,129 SF

      Buffalo Office and Warehouse Space

      Office and warehouse space available in Buffalo, New York.
      501 Amherst St, Buffalo, NY 14207
      View Details
    • $289,900
      Pending

      Allentown Commercial Building Shell

      3,000 SF commercial building in Allentown Historic Preservation District.
      249 Allen St, Buffalo, NY 14201
      View Details
    • $2,100 /Mo
      17,360 SF

      Downtown Buffalo Office Space Available

      Downtown Buffalo office space in well-maintained building near Metro Rail.
      487 Fl St, Buffalo, NY 14203
      View Details
    • $2,500 /Mo
      1,842 SF

      West Seneca Commercial Office Space

      1,842.50 sq ft office space in West Seneca.
      4085 Seneca St, Buffalo, NY 14224
      View Details
    • New
      $1.00 SF/Yr
      11,760 SF

      Harlem Road Commercial Leasing Opportunity

      High-visibility office spaces available for lease on Harlem Road.
      3435 Harlem Rd, Buffalo, NY 14225
      View Details
    • $3,000 /Mo
      6,895 SF

      Commercial Space in Buffalo, NY

      Commercial property available for lease in Buffalo, New York.
      505 Aero Dr, Buffalo, NY 14225
      View Details
    • $499,900
      5,012 SF

      Spacious Commercial Building, Buffalo, NY

      Versatile commercial building with parking, suitable for various businesses.
      1609 Genesee St, Buffalo, NY 14211
      View Details
    • $1,050,000
      12,200 SF

      Mixed-Use Building Near Medical Campus

      Highly visible mixed-use building with restaurant, office, and redevelopment potential.
      1412 Main St, Buffalo, NY 14209
      View Details

    FAQs

    What type of property is this?
    Retail space - Former salon and convenience store spaces available for lease.
    Where is this retail space located?
    The property is located at 3031-3035 Genesee St Buffalo, NY.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - Ready-to-lease 1,000+\/- SF former salon space with **8 stations**.; - Includes existing heating, cooling, and restroom facility.; - Located in a plaza with multiple tenants including retail and food businesses.
    (716) 834-7777
    Request Owner's contact information
    3031-3035 Genesee St Buffalo, NY 14225
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3031-3035 Genesee St
    Buffalo, NY 14225
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3031-3035 Genesee St Buffalo, NY 14225
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Rick Recckio
    Rick Recckio
    Real Estate License ID: #31RE0821429
    (716) 834-7777
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.