Office Condominium with Conference
For Sale
$299,999
Pending
37 Maple Road, Buffalo, NY 14221
COMMERCIAL - Buffalo, NY
Property Size2,100 SF
Lot Size0.18 Acres
Days on Market333
Property Features for 37 Maple Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OB
Zoning description
Business
Parking
12
Subdivision
Audubon Village
Lot features
Flag Lot
Elementary school district
Sweet Home
Middle school district
Sweet Home
High school district
Sweet Home
Directions
Sweet Home Rd to Maple Rd
Standard status
Pending
APN
142289-055-170-0001-002-000-37
Size
2,100 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
6467
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Building Details
Year built
1996
Floors in Building
1
Flooring type
Varies, Concrete, Hardwood, Linoleum, Carpet, Vinyl
Building materials
Brick
Roof type
Shingle, Asphalt
Listing Agency:
WNY Metro Roberts Realty
(716) 875-2211
Listed By:
Michael Matyjasik · License #10401295685
(716) 907-6854
Added: Sep 11, 2025
Changed: Aug 4
Last Checked: Aug 9 at 11:06AM
MLS# B1637146
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Updated office condominium at 37 Maple Road designed for a variety of professional uses. The layout includes an extra-large, inviting client waiting area and a large conference room that can be split into two additional offices. Flooring varies throughout, with engineered hardwood floors plus carpet, vinyl, concrete, linoleum, and hardwood. Heating is forced air with natural gas, and the unit has central air.
The condominium is in a brick building with a shingle/asphalt roof, and it is served by public sewer. Recent updates include engineered hardwood floors, a furnace, and a hot water tank. Ample parking is available for clients and staff.
Built in 1996, this office condominium offers a ready-to-use configuration for tenant types such as medical, accounting, and attorney office operations.
The condominium is in a brick building with a shingle/asphalt roof, and it is served by public sewer. Recent updates include engineered hardwood floors, a furnace, and a hot water tank. Ample parking is available for clients and staff.
Built in 1996, this office condominium offers a ready-to-use configuration for tenant types such as medical, accounting, and attorney office operations.
Key Highlights
- Extra‑large client waiting area designed for office use
- Conference room can be split into two additional offices
- Central air with forced‑air natural gas heating
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
$26,186
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
8.73%
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%
$523,720
$523.7K
Cap Rate 7%
$374,086
$374.1K
Cap Rate 9%
$290,956
$291.0K
Market Conditions
NOI Build-Up for 2,100 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
$42.8K $20.40/SF
− Vacancy
−$7.9K −$3.77/SF
EGI
$34.9K $16.63/SF
− OpEx
−$8.7K −$4.16/SF
NOI
$26.2K $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 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%
$523,720
Cap Rate 7%
$374,086
Cap Rate 9%
$290,956
Alternative Uses
Best Use
Office B
$374.1K
$327.3K – $436.4K
NOI $26,186 @ 7.0% cap · market cap 8.73%
Second Best
Healthcare Medical
$357.7K
$313.0K – $417.3K
NOI $25,039 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$505.0K
$441.9K – $589.2K
NOI $35,351 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
415
Businesses Nearby
Explore this area
Business Placement
Demographics for 14221, NY
55,275
Population
25,281
Households
2.2
Avg Household Size
48
Median Age
57%
College-Educated
96%
High-School Grad
23.4 sq mi
ZIP Area
2,362
Density / Sq Mi
$101,275
Median Household Income
$58,665
Median Earnings
$1,560
Median Rent
$298,500
Median Home Value
Market
Vacancy Rate% for Office in Buffalo, NY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Updated office condominium in zoning OB with central air, public sewer, and an extra-large client waiting area.
Where is this office units located?
The property is located at 37 Maple Road Buffalo, NY.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Extra‑large client waiting area designed for office use; Conference room can be split into two additional offices; Central air with forced‑air natural gas heating
