Office Building for Office or Medical
For Sale
Contact for pricing
1430 Colvin Blvd, Buffalo, NY 14223
Versatile office building zoned A and fully leased at 100% occupancy, built in 1979.
Property Size3,821 SF
Price / SF$235.54
Days on Market551
Property Features for 1430 Colvin Blvd
General Information
Standard status
Active
Size
3,821 SF
Property subtype
OFFICE
Zoning
A
Occupancy
100%
Building Details
Year Built
1979
Buildings
1
Building Size
3,821 SF
Listing Agency:
Hunt Commercial - Buffalo
(716) 854-5943
Listed By:
Michael Scheid
(716) 491-7181
Source:
Moodyscre
Added: Mar 13, 2025
Changed: Sep 6
Last Checked: Sep 13 at 3:57AM
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
Investment Insights
Based on property information with market context.
This office building offers 3,821 SF of space designed for either office or medical use. Constructed in 1979, the property provides solid, long-lasting construction and is described as well maintained for immediate investment use. The building is zoned A, which can provide flexibility for a variety of potential uses within that land-use classification.
The property is fully leased with 100% occupancy, positioning it for immediate tenancy rather than a leasing-up period. It is located at 1430 Colvin Blvd in Buffalo, NY 14223.
With a layout prepared to meet modern tenant needs, the building can support an office or medical tenant seeking a longer-term space.
The property is fully leased with 100% occupancy, positioning it for immediate tenancy rather than a leasing-up period. It is located at 1430 Colvin Blvd in Buffalo, NY 14223.
With a layout prepared to meet modern tenant needs, the building can support an office or medical tenant seeking a longer-term space.
Key Highlights
- 3,821 SF office building suitable for office or medical use
- Constructed in 1979
- Zoned A
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
$47,646
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
5.29%
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%
$952,920
$952.9K
Cap Rate 7%
$680,657
$680.7K
Cap Rate 9%
$529,400
$529.4K
Market Conditions
NOI Build-Up for 3,821 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
$77.9K $20.40/SF
− Vacancy
−$14.4K −$3.77/SF
EGI
$63.5K $16.63/SF
− OpEx
−$15.9K −$4.16/SF
NOI
$47.6K $12.47/SF
Area
Buffalo, NY
Vacancy
18.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
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%
$952,920
Cap Rate 7%
$680,657
Cap Rate 9%
$529,400
Alternative Uses
Best Use
Office B
$680.7K
$595.6K – $794.1K
NOI $47,646 @ 7.0% cap · market cap 5.29%
Second Best
Healthcare Medical
$650.8K
$569.5K – $759.3K
NOI $45,559 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$918.9K
$804.0K – $1.07M
NOI $64,321 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
Demographics for 14223, NY
22,658
Population
10,586
Households
2.1
Avg Household Size
41
Median Age
44%
College-Educated
97%
High-School Grad
3.5 sq mi
ZIP Area
6,474
Density / Sq Mi
$83,528
Median Household Income
$49,835
Median Earnings
$976
Median Rent
$202,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Buffalo, NY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Versatile office building zoned A and fully leased at 100% occupancy, built in 1979.
Where is this office building located?
The property is located at 1430 Colvin Blvd Buffalo, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 3,821 SF office building suitable for office or medical use; Constructed in 1979; Zoned A
