Building Details

Buildings 1

Listing Agency: WNY Realty Services Group Show Phone

Listed By: Frank & Suzanne Abraszek Show Phone

Source: Moodyscre

Added: Jul 28 Changed: Oct 25 Last Checked: Oct 30 at 3:57PM

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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 WNY Realty Services Group

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Investment Insights

Based on property information with market context.

Newly remodeled mixed-use property on a double lot with a buildable lot. The building includes a 3 bedroom apartment and a 600 sq. ft. storefront, along with a 12x12 deck at the rear.

Recent updates include a new metal roof and siding, new bathroom, new kitchen with appliances, new hardwood floors, new windows, plumbing, and gutters. The apartment also features a newer furnace and hot water tank, central air, and a lease through March 2027.

Located at 1825-1827 S Park Ave in Buffalo, the property is approximately 10 minutes from Downtown Buffalo and 15 minutes from the Stadium.

Key Highlights

• 3,100 square feet on a double lot with a buildable lot
• 3 bedroom apartment plus a 600 sq. ft. storefront
• New metal roof, siding, windows, plumbing, and gutters

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,480

Cap Rate

8.48%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$669,600 $669.6K

Cap Rate 7%

$478,286 $478.3K

Cap Rate 9%

$372,000 $372.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,100 SF

Gross rent

$59.5K $19.20/SF

− Vacancy

−$6.0K −$1.92/SF

EGI

$53.6K $17.28/SF

− OpEx

−$20.1K −$6.48/SF

NOI

$33.5K $10.80/SF

Area

Buffalo, NY

Vacancy

10.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$669,600

Cap Rate 7%

$478,286

Cap Rate 9%

$372,000

Alternative Uses

Best Use

Mixed Use

$478.3K

$418.5K – $558.0K (±1% cap)

NOI $33,480 @ 7.0% cap · market cap 8.48%

Second Best

Retail

$431.4K

$377.5K – $503.3K (±1% cap)

NOI $30,196 @ 7.0% cap · market cap 7.64%

Theoretical Best

Office A

$745.5K

$652.3K – $869.7K (±1% cap)

NOI $52,184 @ 7.0% cap · market cap 13.21%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Hair Salon Spa & Massage Center Parking Lot & Garage Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

991

Businesses Nearby

Explore this area Business Placement

Demographics for 14220, NY

23,959

Population

11,286

Households

2.1

Avg Household Size

38

Median Age

28%

College-Educated

93%

High-School Grad

3.8 sq mi

ZIP Area

6,305

Density / Sq Mi

$68,337

Median Household Income

$42,112

Median Earnings

$974

Median Rent

$180,200

Median Home Value

Market

Vacancy Rate% for Retail in Buffalo, NY

4.7% 2019

8.8% 2020

8.4% 2021

8.6% 2022

8.1% 2023

8.4% 2024

10.8% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Includes a three-bedroom apartment, storefront, and buildable lot.

Where is this mixed-use property located?

The property is located at 1825-1827 S Park Ave Buffalo, NY.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: 3,100 square feet on a double lot with a buildable lot; 3 bedroom apartment plus a 600 sq. ft. storefront; New metal roof, siding, windows, plumbing, and gutters