Office Building for Office or Medical
1430 Colvin Blvd Buffalo, NY 14223
For Sale
Contact for pricing
Versatile office building zoned A and fully leased at 100% occupancy, built in 1979.
Property Size3,821 SF
Price / SF$235.54
Days on Market505
Property Features for 1430 Colvin Blvd
General Information
Standard status
Active
Size
3,821 SF
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: Jul 29
Last Checked: Jul 29 at 10:49PM
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 For Office B
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 | $77.9k | $20.40 |
| − Vacancy | −$14.4k | −$3.77 |
| EGI | $63.5k | $16.63 |
| − OpEx | −$15.9k | −$4.16 |
| NOI | $47.6k | $12.47 |
3,821 SF · lease $20.40/SF/yr · vacancy 18.50% · expense 25.00%
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
Location Intelligence
Current Use
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
