Truck Maintenance Warehouse For
For Sale
$2,000,000
271 Dingens, Buffalo, NY 14206
Warehouse suitable for truck/auto repair or manufacturing with highway visibility.
Property Size25,000 SF
Lot Size3.50 Acres
Price / SF$80
Days on Market194
Property Features for 271 Dingens
General Information
Standard status
Active
Size
25,000 SF
Lot size
3.50 Acres
Property subtype
Industrial
Building Details
Building Size
25,000 SF
Listing Agency:
Hunt Commercial - Buffalo
(716) 481-3325
Listed By:
Alan Hastings · License #10311203496
(716) 481-3325
Source:
Huntcommercial
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 8 at 1:31PM
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 truck maintenance warehouse is available for sale or lease. The property is suitable for truck or auto repair or manufacturing. It features 21,250 square feet of warehouse space and 3,750 square feet of office space. The paved and fenced lot spans 3.5 acres and accommodates 130 parking spaces. The warehouse includes six 14-foot overhead doors and one 8-foot overhead door, with 16-foot ceilings throughout. It has direct access to NYS I-190 and NYS I-90. The property is equipped with heavy power, air lines throughout, an exhaust system, and a 1,000-gallon above-ground tank. Additional features include a parts room and floor drains. Signage provides visibility from the thruway. Currently, the property is used as a truck dealership and repair facility.
Key Highlights
- Direct access to NYS I‑190 and NYS I‑90
- 21,250 sf of WAREHOUSE space and 3,750 sf of OFFICE space
- 3.5 acre paved fenced lot with 130 parking spaces
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
$175,108
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
8.76%
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%
$3,502,160
$3.5M
Cap Rate 7%
$2,501,543
$2.5M
Cap Rate 9%
$1,945,644
$1.9M
Market Conditions
NOI Build-Up for 25,000 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
$255.0K $10.20/SF
− Vacancy
−$4.8K −$0.19/SF
EGI
$250.2K $10.01/SF
− OpEx
−$75.0K −$3.00/SF
NOI
$175.1K $7.00/SF
Area
Buffalo, NY
Vacancy
1.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$3,502,160
Cap Rate 7%
$2,501,543
Cap Rate 9%
$1,945,644
Alternative Uses
Best Use
Office B
$4.45M
$3.90M – $5.20M
NOI $311,737 @ 7.0% cap · market cap 15.59%
Second Best
Retail
$3.48M
$3.04M – $4.06M
NOI $243,516 @ 7.0% cap · market cap 12.18%
Theoretical Best
Office A
$6.01M
$5.26M – $7.01M
NOI $420,840 @ 7.0% cap · market cap 21.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 14206, NY
21,706
Population
10,677
Households
2
Avg Household Size
38
Median Age
18%
College-Educated
87%
High-School Grad
5.0 sq mi
ZIP Area
4,341
Density / Sq Mi
$46,842
Median Household Income
$38,379
Median Earnings
$886
Median Rent
$111,600
Median Home Value
Market
Vacancy Rate% for Office in Buffalo, NY
Questions? Ask Rey
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- Quality Moving Services — 62 Spann St, Buffalo, NY 14206
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse suitable for truck/auto repair or manufacturing with highway visibility.
Where is this warehouse located?
The property is located at 271 Dingens Buffalo, NY.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Direct access to NYS I‑190 and NYS I‑90; 21,250 sf of WAREHOUSE space and 3,750 sf of OFFICE space; 3.5 acre paved fenced lot with 130 parking spaces
