Listing Agency: Buffalo First Realty Group Inc Show Phone

Listed By: Kenneth A Smith · License #10301219900 Show Phone

Source: Nicholcityrealty

Added: Jul 11 Changed: Oct 13 Last Checked: Oct 16 at 8:57AM

Report an Issue

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 Buffalo First Realty Group Inc

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This automotive property includes a shop area configured with 4 garage doors—2 at the front and 2 along the side—plus 4 car lifts. The rear shop can accommodate up to 8 vehicles, while an office area supports administrative functions. On-site parking is also provided, and the property is currently used for vehicle display.

The building fronts Kenmore Avenue in Buffalo, New York, with visibility to customers from Ken-Ton, Amherst, and Buffalo. A completed Phase I environmental assessment is included in the property information.

Key Highlights

• 4 garage doors: 2 front and 2 side
• 4 car lifts included
• Rear shop space accommodates up to 8 vehicles

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,092

Cap Rate

5.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$681,840 $681.8K

Cap Rate 7%

$487,029 $487.0K

Cap Rate 9%

$378,800 $378.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,500 SF

Gross rent

$54.6K $15.60/SF

− Vacancy

−$5.9K −$1.68/SF

EGI

$48.7K $13.92/SF

− OpEx

−$14.6K −$4.17/SF

NOI

$34.1K $9.74/SF

Area

Buffalo, NY

Vacancy

10.80%

Lease Rate

$15.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$681,840

Cap Rate 7%

$487,029

Cap Rate 9%

$378,800

Alternative Uses

Best Use

Retail

$487.0K

$426.2K – $568.2K (±1% cap)

NOI $34,092 @ 7.0% cap · market cap 5.73%

Second Best

Industrial

$350.2K

$306.4K – $408.6K (±1% cap)

NOI $24,515 @ 7.0% cap · market cap 4.12%

Theoretical Best

Office A

$841.7K

$736.5K – $982.0K (±1% cap)

NOI $58,918 @ 7.0% cap · market cap 9.90%

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

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Doug-Al Automotive Inc Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Accounting Firm Building Supply HVAC Service Computer & Electronic Repair

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

806

Businesses Nearby

Balanced

Demand for This Use

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

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

Similar For Sale Nearby

See more

Auto Shop with Paint Booth

32 Skillen Street, Buffalo, NY 14207

$799,000

5,196 SF

View details

Retail/Commercial Storefront Property

3146 North Bailey Avenue, Buffalo, NY 14226

$700,000

5,712 SF

View details

Automotive Repair Shop with Storage

303 Hopkins Road, Buffalo, NY 14221

$795,000

5,442 SF

View details

Established Auto Salvage Business Opportunity

85 Skillen St, Buffalo, NY 14207

$900,000

2,160 SF

View details

Auto Shop with Service Bays

3233 Lake Shore Rd, Buffalo, NY 14219

$449,900

1,890 SF

View details

Four-Bay Auto Shop

800 Kensington Avenue, Buffalo, NY 14215

$315,000

2,064 SF

View details

Freestanding Auto Repair Shop

874 Niagara Falls Boulevard, Buffalo, NY 14223

$875,000

8,357 SF

View details

Three-Bay Automotive Shop

1423 S Park Ave, Buffalo, NY 14220

$299,900

1,620 SF

View details

Equipped Auto Repair Shop

2617 Elmwood Ave, Buffalo, NY 14217

$399,900

1,232 SF

View details

Auto Repair Business and Real Estate

2673 Seneca St, Buffalo, NY 14224

Contact for pricing

4,800 SF

View details

Functional Auto Garage on Corner

3260 Bailey Ave, Buffalo, NY 14215

$275,000

1,050 SF

View details

Gas/Service Station on Popular Intersection

524 Hinman Ave, Buffalo, NY 14216

Contact for pricing

1,644 SF

View details

Similar Off Market Nearby

• 716 Motorsports — 225 Carmel Rd, Buffalo, NY 14214
• Anycar — 66 Nicholson St, Buffalo, NY 14214
• Service Drive — 487 Kenmore Ave, Buffalo, NY 14223
• RCR Auto Repair and Sales — 401 Kenmore Ave, Buffalo, NY 14223
• S & S Auto Body — 321 Englewood Ave, Buffalo, NY 14223

Frequently Asked Questions

What type of property is this?

Auto shop - Automotive facility with shop space, office area, on-site parking, and vehicle display frontage along Kenmore Avenue.

Where is this auto shop located?

The property is located at 252 Kenmore Avenue Buffalo, NY.

What is the asking price?

The asking price for this property is $595,000.

What are key features of this property?

This property features: 4 garage doors: 2 front and 2 side; 4 car lifts included; Rear shop space accommodates up to 8 vehicles