Truck Maintenance Warehouse
For Sale
Contact for pricing
271 Dingens, Buffalo, NY 14206
Warehouse with multiple overhead doors, office space, and a paved fenced lot with direct access to I-190 and I-90.
Property Size25,676 SF
Price / SF$116.84
Days on Market54
Property Features for 271 Dingens
General Information
Standard status
Active
Size
25,676 SF
Class
C
Total Parking Spaces
130
Property subtype
Office, Industrial
Listing Agency:
HUNT Commercial
Listed By:
Alan Hastings · License #NY 10311203496
(716) 481-3325
Source:
Crexi
Added: Jul 22
Changed: Aug 31
Last Checked: Sep 13 at 6:09AM
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
Investment Insights
Based on property information with market context.
This truck maintenance warehouse includes 21,250 sf of warehouse space and 3,750 sf of office space, configured for repair or light manufacturing use. The facility features 16 ft ceilings, six 14 ft overhead doors, and one 8 ft overhead door, along with floor drains. Support systems include heavy power, air lines throughout, and an exhaust system, plus a 1,000-gallon above-ground tank. On-site improvements also include a parts room and signage with thruway visibility. The property is currently used as a truck dealership and repair facility.
Outside, the 3.5-acre site is paved and fenced, offering 130 parking spaces. The facility provides direct access to NYS I-190 and NYS I-90.
With substantial loading capability, service-oriented building systems, and dedicated on-site parking, the property is positioned for vehicle repair and related industrial operations.
Outside, the 3.5-acre site is paved and fenced, offering 130 parking spaces. The facility provides direct access to NYS I-190 and NYS I-90.
With substantial loading capability, service-oriented building systems, and dedicated on-site parking, the property is positioned for vehicle repair and related industrial operations.
Key Highlights
- 21,250 SF warehouse plus 3,750 SF office space for truck repair or light manufacturing use
- Six 14‑ft overhead doors, one 8‑ft overhead door, and 16‑ft ceiling height
- 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
$218,381
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
7.28%
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%
$4,367,620
$4.4M
Cap Rate 7%
$3,119,729
$3.1M
Cap Rate 9%
$2,426,456
$2.4M
Market Conditions
NOI Build-Up for 25,676 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
$261.9K $10.20/SF
− Vacancy
−$5.0K −$0.19/SF
EGI
$256.9K $10.01/SF
− OpEx
−$38.5K −$1.50/SF
NOI
$218.4K $8.51/SF
Area
Buffalo, NY
Vacancy
1.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
15.00%
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%
$4,367,620
Cap Rate 7%
$3,119,729
Cap Rate 9%
$2,426,456
Alternative Uses
Best Use
Warehouse
$3.12M
$2.73M – $3.64M
NOI $218,381 @ 7.0% cap · market cap 7.28%
Second Best
Flex RnD
$2.66M
$2.33M – $3.10M
NOI $186,254 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$6.17M
$5.40M – $7.20M
NOI $432,220 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
477
Businesses Nearby
Under-served
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Buffalo, NY
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse with multiple overhead doors, office space, and a paved fenced lot with direct access to I-190 and I-90.
Where is this flex space located?
The property is located at 271 Dingens Buffalo, NY.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 21,250 SF warehouse plus 3,750 SF office space for truck repair or light manufacturing use; Six 14‑ft overhead doors, one 8‑ft overhead door, and 16‑ft ceiling height; 3.5‑acre paved, fenced lot with 130 parking spaces
