Two-Story Office
3437 Bailey Avenue, Buffalo, NY 14215
For Sale
Contact for pricing
Vacant commercial space with on-site parking and forced-air HVAC.
Property Size2,240 SF
Lot Size0.09 Acres
Price / SF$147.28
Days on Market55
Property Features for 3437 Bailey Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Road Access
Utilities to Site
Additional Details
Asking Price
Building Details
Buildings
Stories
Building Size
Owner Occupied
Listing Agency:
HUNT Real Estate Corporation
Listed By:
Fuzayel Ahmed · License NY #10401385726
(716) 245-1633
Source:
Crexi
Added: Sep 21
Changed: Nov 14
Last Checked: Nov 14 at 3:41AM
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 Real Estate Corporation
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This vacant two-story office property in Buffalo contains approximately 2,240 SF and has approximately 7 on-site parking spaces. The building is served by public water and sewer and uses gas-fired forced-air HVAC.
The proposed rear parcel is estimated at approximately 3,729 SF and remains subject to final survey and separation. Primary access is expected from Highgate Avenue, with possible additional access to Bailey Avenue through a shared-access or easement arrangement.
The proposed rear parcel is estimated at approximately 3,729 SF and remains subject to final survey and separation. Primary access is expected from Highgate Avenue, with possible additional access to Bailey Avenue through a shared-access or easement arrangement.
Key Highlights
- Approximately 2,240 SF of office building area
- Vacant two‑story configuration
- Approximately 7 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,932
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,640
$558.6K
Cap Rate 7%
$399,029
$399.0K
Cap Rate 9%
$310,356
$310.4K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$45.7K $20.40/SF
− Vacancy
−$8.5K −$3.77/SF
EGI
$37.2K $16.63/SF
− OpEx
−$9.3K −$4.16/SF
NOI
$27.9K $12.47/SF
Area
Buffalo, NY
Vacancy
18.50%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$558,640
Cap Rate 7%
$399,029
Cap Rate 9%
$310,356
Alternative Uses
Best Use
Office B
$399.0K
$349.2K – $465.5K
NOI $27,932 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$538.7K
$471.3K – $628.5K
NOI $37,707 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
951
Businesses Nearby
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Buffalo, NY
Properties on Market for Office buildings in Buffalo
Vacancy Rate% for Office in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Office building - Vacant commercial space with on-site parking and forced-air HVAC.
Where is this office building located?
The property is located at 3437 Bailey Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Approximately 2,240 SF of office building area; Vacant two‑story configuration; Approximately 7 on‑site parking spaces
