Mixed-Use Property with
1236 Walden Ave, Cheektowaga, NY 14211
For Sale
$600,000
Mixed-use property featuring a business area and a 3-bedroom apartment.
Property Size5,204 SF
Lot Size0.13 Acres
Days on Market347
Property Features for 1236 Walden Ave
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
CENTURY 21 Balesteri Real Estate
Listed By:
Gwendolyn McDonald · License #10401309943
(716) 510-1232
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Aug 25 at 9:53AM
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 CENTURY 21 Balesteri Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property presents an investment opportunity, featuring a business area at the front and a two-story apartment at the rear. The apartment includes 3 bedrooms and 2 full bathrooms. The property is situated in a location convenient to Downtown Buffalo, Buffalo Airport, and the Galleria Mall.
Key Highlights
- Mixed‑use property: Business area in front and residential apartment in rear.
- Spacious 2‑story apartment with 3 bedrooms and 2 full bathrooms.
- Convenient location near Downtown Buffalo, Buffalo Airport, and Galleria Mall.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,885
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,700
$977.7K
Cap Rate 7%
$698,357
$698.4K
Cap Rate 9%
$543,167
$543.2K
Market Conditions
NOI Build-Up for 5,204 SF
Gross rent
$93.7K $18.00/SF
− Vacancy
−$15.5K −$2.97/SF
EGI
$78.2K $15.03/SF
− OpEx
−$29.3K −$5.64/SF
NOI
$48.9K $9.39/SF
Area
Erie County, NY
Vacancy
16.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$977,700
Cap Rate 7%
$698,357
Cap Rate 9%
$543,167
Alternative Uses
Best Use
Mixed Use
$698.4K
$611.1K – $814.8K
NOI $48,885 @ 7.0% cap · market cap 8.15%
Second Best
Apartment 5plus
$429.2K
$375.6K – $500.8K
NOI $30,046 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.14M
$995.4K – $1.33M
NOI $79,634 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
578
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
$91,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Mixed-use properties in Erie County, NY
Properties on Market for Mixed-use properties in Erie County
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property featuring a business area and a 3-bedroom apartment.
Where is this mixed-use property located?
The property is located at 1236 Walden Ave Cheektowaga, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Mixed‑use property: Business area in front and residential apartment in rear.; Spacious 2‑story apartment with 3 bedrooms and 2 full bathrooms.; Convenient location near Downtown Buffalo, Buffalo Airport, and Galleria Mall.
