Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    South Buffalo Manufacturing Facility For Rent Title is generated by Realmo AI

    119 Colgate Ave, Buffalo, NY

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Two-story manufacturing facility on a large 3.1-acre lot.

    Type:INDUSTRIAL
    Property size:
    19,360 SF
    Lot size:
    1.94 Acres
    Price / SF:
    $38/SF
    Added:
    May 13, 2025
    Days on Market:
    392
    Last Refresh:
    May 20 at 9:24 pm

    Property Features for 119 Colgate Ave

    General Information

    Standard status
    Active
    Size
    19,360 SF
    Lot size
    1.94 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Alan Hastings
    Alan Hastings

    Listing agent Alan Hastings License #10311203496

    Listing office Hunt Commercial - Buffalo

    Listing date May 13, 2025

    Source Moodyscre

    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 Commercial - Buffalo

    HighLights

    • Large 3.1‑acre lot with land for expansion, outside storage, or parking.
    • Substantial 19,360 SF manufacturing facility with two floors.
    • Heavy power (200 AMP/400V) suitable for manufacturing operations.
    • 14' ceilings on the first floor and 12' ceilings on the second floor.
    • 14' overhead door for convenient access.
    • Potential for owner financing (May hold mortgage).

    Overview

    This two-story manufacturing facility is situated on a 3.1-acre lot in South Buffalo. The building encompasses 19,360 square feet, with each floor measuring 9,680 square feet. The first floor features 14-foot ceilings, while the second floor offers 12-foot ceilings. A 14-foot overhead door provides access. The property is equipped with heavy power, including a 200 AMP/400V system, infrared heat, and buss ducts. Racking may be included. A small freight elevator is present but requires maintenance. The building features thick concrete floors. A portion of the second-floor office space is currently rented to a tenant. There is land available for expansion, outside storage, or parking. The first floor can be leased separately from the second floor. Mortgage options may be available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8287
    Latitude
    42.8398

    Nearby Similar for Sale

    • $1,000,000
      11,760 SF

      Multi-Unit Office Building with Pylon Signage

      Twelve-unit commercial office building with front and rear parking and pylon signage for tenant visibility along a busy corridor.
      3435 Harlem Road, Buffalo, NY 14225
      View Details
    • $199,000
      4,055 SF

      Turnkey Restaurant Near University Campus

      Established restaurant franchise in high-traffic location near University at Buffalo.
      3199 Main Street, Buffalo, NY 14214
      View Details
    • $699,900
      3,641 SF

      Five-Unit Mixed-Use Building

      Fully renovated five-unit mix of office and retail/studio spaces with on-site parking and multiple private entrances.
      4444 Main Street, Buffalo, NY 14226
      View Details
    • $875,000
      8,357 SF

      Freestanding Auto Repair Shop

      Freestanding collision and repair facility with 16 service bays, paint booth, and 30 surfaced parking spaces for customers and vehicles.
      874 Niagara Falls Boulevard, Buffalo, NY 14223
      View Details
    • $499,900
      5,012 SF

      Versatile Commercial Building in Buffalo

      Spacious, accessible commercial building suitable for various business models.
      1609 Genesee Street, Buffalo, NY 14211
      View Details
    • $549,900
      5,196 SF

      Two-Building Office Suite Property

      Two professional office buildings with multiple suites, ample parking, and flexible layouts for professional and medical users.
      932 French Road, Buffalo, NY 14227
      View Details
    • $549,900
      10,908 SF

      Mixed-Use Restaurant and Warehouse

      Turn-key restaurant setup plus a renovated three-bedroom space and a warehouse with a loading door.
      898 Genesee Street, Buffalo, NY 14211
      View Details
    • $519,999
      6,119 SF

      Harlem Road Commercial Opportunity

      6,119 Sqft building on 0.62-acre lot in high-traffic location.
      1113- 1125 Harlem Road, Buffalo, NY 14227
      View Details
    • $519,999
      6,119 SF

      Harlem Road Commercial Opportunity

      High-traffic location suitable for office, retail, or mixed-use redevelopment.
      1113- 1125 Harlem Road, Buffalo, NY 14227
      View Details
    • $685,000
      5,186 SF

      Four-Unit Property in Elmwood Village

      Fully rented, cash-flowing four-unit property in Buffalo's Elmwood Village.
      180 Richmond Avenue, Buffalo, NY 14222
      View Details
    • $685,000
      4,549 SF

      Elmwood Village Four-Unit Multifamily Property

      Four units near Elmwood Avenue's shops, cafes, and restaurants.
      182 Lancaster Avenue, Buffalo, NY 14222
      View Details
    • $1,100,000
      10,467 SF

      Turnkey West Side Investment Opportunity

      Eight fully rented units with immediate income potential in Buffalo.
      227 14th Street, Buffalo, NY 14213
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Two-story manufacturing facility on a large 3.1-acre lot.
    Where is this manufacturing property located?
    The property is located at 119 Colgate Ave Buffalo, NY.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Large 3.1‑acre lot with land for expansion, outside storage, or parking.; Substantial 19,360 SF manufacturing facility with two floors.; Heavy power (200 AMP/400V) suitable for manufacturing operations.
    (716) 481-3325 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alan Hastings
    Alan Hastings
    Real Estate License ID: 10311203496
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    119 Colgate Ave, Buffalo, NY
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!