Buffalo Office/Medical Building For
For Sale
Contact for pricing
1430 Colvin Blvd, Buffalo, NY
3,821 SF building, fully leased, ideal for investment.
Property Size3,821 SF
Lot Size0.39 Acres
Price / SF$235.54
Days on Market522
Property Features for 1430 Colvin Blvd
General Information
Standard status
Active
Size
3,821 SF
Lot size
0.39 Acres
Property subtype
OFFICE
Listing Agency:
Hunt Commercial - Buffalo
(716) 491-7181
Listed By:
Heidi Nuessle · License #10301212311
(716) 983-3202
Source:
Moodyscre
Added: Mar 13, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:45PM
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 3,821 square foot building, constructed in 1979, is suitable for office or medical use. It is located in the Buffalo area and is zoned A, offering flexibility for various potential uses. The property is fully leased with 100% occupancy, providing immediate income. It is well-maintained and ready for immediate investment, offering versatile spaces designed to meet modern tenant needs. The property offers potential for long-term stability and strong returns, making it ideal for investors seeking a secure income stream and a perfect opportunity for a longer-term owner/user. It is positioned to capitalize on the thriving commercial landscape.
Key Highlights
- Fully leased with 100% occupancy, ensuring immediate income.
- 3,821 SF building ideal for office or medical use.**
- Prime location in the thriving Buffalo area.
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
585
Businesses Nearby
Explore this area
Business Placement
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 - 3,821 SF building, fully leased, ideal for investment.
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: Fully leased with 100% occupancy, ensuring immediate income.; 3,821 SF building ideal for office or medical use.**; Prime location in the thriving Buffalo area.
