Auto Shop with Fenced
For Sale
$295,000
1270 BAILEY AVE, Buffalo, NY 14206
The property includes a fenced asphalt parking area supporting vehicle storage and customer access.
Property Size2,772 SF
Price / SF$106.42
Days on Market360
Property Features for 1270 BAILEY AVE
General Information
Standard status
Active
Size
2,772 SF
Property subtype
Office
Zoning
N-3R
Taxes and HOA fees
Annual Taxes
$2,026
Amenities
Gas
3
Concrete
Asphalt, Shingle
N-3R
10 Parking Spaces. Fenced.
Rectangular
60X125
Rectangular.
Building Details
Year Built
1920
Listing Agency:
eXp Realty
(716) 908-5033
Listed By:
Matthew Paul
(716) 908-5033
Source:
Xome
Added: Sep 6, 2025
Changed: Aug 30
Last Checked: Aug 30 at 1:12PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This 2,772-square-foot automotive property was built in 1920 and previously operated as a used car lot and repair shop. The building includes a 12' x 15' office, 12' ceilings, an 8' garage door, concrete surfaces, and gas service. The N-3R zoning designation is stated in the property information.
The rectangular parcel measures 60 x 125 and includes 10 parking spaces within a fenced asphalt area. Additional parking can be accommodated along the side of the building. Located at 1270 Bailey Ave in Buffalo, NY, the property combines an existing automotive layout with on-site vehicle storage capacity.
The rectangular parcel measures 60 x 125 and includes 10 parking spaces within a fenced asphalt area. Additional parking can be accommodated along the side of the building. Located at 1270 Bailey Ave in Buffalo, NY, the property combines an existing automotive layout with on-site vehicle storage capacity.
Key Highlights
- 2,772 SF automotive property built in 1920
- Previously used as a car lot and repair shop
- N‑3R zoning designation
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,001
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$540,020
$540.0K
Cap Rate 7%
$385,729
$385.7K
Cap Rate 9%
$300,011
$300.0K
Market Conditions
NOI Build-Up for 2,772 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.2K $15.60/SF
− Vacancy
−$4.7K −$1.68/SF
EGI
$38.6K $13.92/SF
− OpEx
−$11.6K −$4.17/SF
NOI
$27.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$540,020
Cap Rate 7%
$385,729
Cap Rate 9%
$300,011
Alternative Uses
Best Use
Retail
$385.7K
$337.5K – $450.0K
NOI $27,001 @ 7.0% cap · market cap 9.15%
Second Best
Industrial
$277.4K
$242.7K – $323.6K
NOI $19,416 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$666.6K
$583.3K – $777.7K
NOI $46,663 @ 7.0% cap · market cap 15.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14206, NY
21,706
Population
10,677
Households
2
Avg Household Size
38
Median Age
18%
College-Educated
87%
High-School Grad
5.0 sq mi
ZIP Area
4,341
Density / Sq Mi
$46,842
Median Household Income
$38,379
Median Earnings
$886
Median Rent
$111,600
Median Home Value
Market
Vacancy Rate% for Retail in Buffalo, NY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- D Tires — 878 Bailey Ave, Buffalo, NY 14206
- Merj Fleet Services Inc — Buffalo, NY 14206
- Kaminski & Sons Truck Equipment — 245 Lewis St, Buffalo, NY 14206
- Buffalo Truck and Trailer Repairs LLC — 1285 William St, Buffalo, NY 14206
- King Tire on William — 1525 William St, Buffalo, NY 14206
Frequently Asked Questions
What type of property is this?
Auto shop - The property includes a fenced asphalt parking area supporting vehicle storage and customer access.
Where is this auto shop located?
The property is located at 1270 BAILEY AVE Buffalo, NY.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: 2,772 SF automotive property built in 1920; Previously used as a car lot and repair shop; N‑3R zoning designation
