Storefront Retail Space with Large
For Sale
Contact for pricing
1234 Hertel Avenue, Buffalo, NY 14216
A separate interior room adds useful flexibility for storage or private work.
Property Size5,234 SF
Price / SF$0.29
Days on Market25
Property Features for 1234 Hertel Avenue
General Information
Standard status
Active
Size
5,234 SF
Property subtype
Commercial
Site & Location
Neighborhood
North Park
Amenities
large front windows
updated bathroom
separate storeroom or private office
Building Details
Year Built
1910
Listing Agency:
Red Door Real Estate WNY LLC
(716) 768-1177
Listed By:
Renee J Moran · License #10491202951
(716) 866-8361
Source:
Prestigefamilyrealty
Added: Oct 8
Changed: Nov 1
Last Checked: Nov 1 at 1:45AM
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 Red Door Real Estate WNY LLC
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Investment Insights
Based on property information with market context.
This 710-square-foot storefront includes broad street-facing windows, an updated bathroom and a separate room that can serve as storage or private office space. The building dates to 1910.
The property is on Hertel Avenue in Buffalo, within a commercial district featuring restaurants, cafés, boutiques and other local businesses. Delaware Avenue, Elmwood Avenue and nearby residential areas are also identified in the surrounding context.
The property is on Hertel Avenue in Buffalo, within a commercial district featuring restaurants, cafés, boutiques and other local businesses. Delaware Avenue, Elmwood Avenue and nearby residential areas are also identified in the surrounding context.
Key Highlights
- 710 square feet of storefront space
- Large front windows
- Updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,983
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,660
$1.0M
Cap Rate 7%
$728,329
$728.3K
Cap Rate 9%
$566,478
$566.5K
Market Conditions
NOI Build-Up for 5,234 SF
Gross rent
$81.7K $15.60/SF
− Vacancy
−$8.8K −$1.68/SF
EGI
$72.8K $13.92/SF
− OpEx
−$21.8K −$4.17/SF
NOI
$51.0K $9.74/SF
Area
Buffalo, NY
Vacancy
10.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,019,660
Cap Rate 7%
$728,329
Cap Rate 9%
$566,478
Alternative Uses
Best Use
Retail
$728.3K
$637.3K – $849.7K
NOI $50,983 @ 7.0% cap · market cap 3,398.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,107 @ 7.0% cap · market cap 5,873.80%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,033
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Storefront property - A separate interior room adds useful flexibility for storage or private work.
Where is this storefront property located?
The property is located at 1234 Hertel Avenue Buffalo, NY.
What are key features of this property?
This property features: 710 square feet of storefront space; Large front windows; Updated bathroom
