Mixed-Use Investment Properties
13571361 Hertel Avenue Buffalo, NY 14216
New
For Sale
$799,000
Two neighboring buildings each offer a first-floor storefront and a second-floor residential apartment for combined income potential.
Property Size4,106 SF
Price / SF$194.59
Days on Market7
Property Features for 13571361 Hertel Avenue
General Information
- Standard status
- Active
- Size
- 4,106 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1900
Listing Agency:
716 Realty Group WNY LLC
(716) 864-1055
Listed By:
Gregory Straus · License #10491211091
(716) 864-1055
Source:
Xome
Added: Jul 20
Changed: Jul 25
Last Checked: Jul 25 at 6:26PM
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 716 Realty Group WNY LLC
Investment Insights
Based on property information with market context.
This offering includes two neighboring mixed-use commercial properties being sold together as a package. Each building features a commercial storefront on the first floor and a residential apartment on the second floor, creating multiple income-producing possibilities within each structure.
The properties are located side by side in an established commercial corridor, with convenient access to surrounding businesses. The listing notes that the properties are also available individually under separate listings.
Overall, the combined package provides an owner the ability to hold two mixed-use buildings with the same basic configuration, while maintaining flexibility to acquire one or both properties depending on investment goals.
The properties are located side by side in an established commercial corridor, with convenient access to surrounding businesses. The listing notes that the properties are also available individually under separate listings.
Overall, the combined package provides an owner the ability to hold two mixed-use buildings with the same basic configuration, while maintaining flexibility to acquire one or both properties depending on investment goals.
Key Highlights
- Two neighboring mixed‑use commercial buildings offered together (listed separately under B1698518 and B1698526)
- Each building features a first‑floor storefront plus a second‑floor residential apartment
- Heating: 3 (per interior features); Cooling: gas (per interior features)
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.8k | $19.20 |
| − Vacancy | −$7.9k | −$1.92 |
| EGI | $71.0k | $17.28 |
| − OpEx | −$26.6k | −$6.48 |
| NOI | $44.3k | $10.80 |
4,106 SF · lease $19.20/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$633.5K
$554.3K – $739.1K
NOI $44,345 @ 7.0% cap · market cap 5.55%
Second Best
Retail
$571.4K
$499.9K – $666.6K
NOI $39,995 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$987.4K
$864.0K – $1.15M
NOI $69,119 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Mixed-use property - Two neighboring buildings each offer a first-floor storefront and a second-floor residential apartment for combined income potential.
Where is this mixed-use property located?
The property is located at 13571361 Hertel Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two neighboring mixed‑use commercial buildings offered together (listed separately under B1698518 and B1698526); Each building features a first‑floor storefront plus a second‑floor residential apartment; Heating: 3 (per interior features); Cooling: gas (per interior features)
