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    Babcock Business Park Space Available Title is generated by Realmo AI

    370 Babcock St, Buffalo, NY 14206

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    For Lease
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    Industrial and warehouse spaces available for lease in Buffalo.

    Type:Industrial
    Property size:
    19,200 SF
    Added:
    Oct 20, 2022
    Days on Market:
    1323
    Last Refresh:
    May 12 at 9:27 pm

    Property Features for 370 Babcock St

    General Information

    Standard status
    Active
    Size
    19,200 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1920

    Spaces For Lease

    at 370 Babcock St Contact us

    Available space Stage 1 $9/Mo

    Size
    19,200 SF
    Type
    Industrial
    Bay size 240 x 80 x 24
    Contact us

    We can help!

    Listing Contact
    Ronald "Gunner" Tronolone

    Listing agent Ronald "Gunner" Tronolone License #NY-30TR0558114

    Listing office HUNT Commercial

    Listing date Oct 20, 2022

    Source Crexi

    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

    HighLights

    • Flexible rental terms: long‑term or temporary leases available.
    • Versatile space suitable for storage, clean manufacturing, or special projects.
    • Units in excellent condition, fully insulated, heated, and air‑conditioned.
    • Available unit (4) with dimensions 828' L x 94' W x 39' H.
    • Competitive lease rates: $9 psf Modified Gross + utilities (long‑term) or $12 psf (short‑term).
    • Easily accessible location: I‑90 to I‑190 North to Clinton Street.

    Overview

    Babcock Business Park offers spaces suitable for storage, clean manufacturing, or special projects. Both long-term and temporary rental terms are available. The complex has a total area of 122,000 square feet. Unit 3 is 4,000 square feet with dimensions of 100 feet in length, 40 feet in width, and 47 feet in height. Unit 4 is 828 feet in length, 94 feet in width, and 39 feet in height and is currently available. Units 1 and 2 are 19,200 square feet with dimensions of 240 feet in length, 80 feet in width, and 24 feet in height, but are currently leased. The lease rate is $9 per square foot modified gross plus utilities for long-term rentals and $12 per square foot for short-term rentals. The property is suitable for clean manufacturing, warehouse use, building materials, equipment staging for development projects, or storage of seasonal inventory. The units are in excellent condition, fully insulated, heated, and air-conditioned. Located off I-90 to I-190 North, exit 2 Clinton Street, continue on Clinton to Babcock Street, the buildings will be on the right.
    Property Profile Location Intelligence

    Current Use by Public Records

    Obermeier Kraatz Creative Film Production Buffalo FilmWorks Film Production

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Niagara Frontier Food Terminal Garage and Filling Station — 1398 Clinton St, Buffalo, NY 14206
    • Niagara Frontier Food Terminal — 1500 Clinton St Unit #104, Buffalo, NY 14206
    • Habibagen Self Storage — Buffalo, NY 14206

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8321631
    Latitude
    42.8749366

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    FAQs

    What type of property is this?
    Warehouse - Industrial and warehouse spaces available for lease in Buffalo.
    Where is this warehouse located?
    The property is located at 370 Babcock St Buffalo, NY.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Flexible rental terms: long‑term or temporary leases available.; Versatile space suitable for storage, clean manufacturing, or special projects.; Units in excellent condition, fully insulated, heated, and air‑conditioned.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ronald "Gunner" Tronolone
    Real Estate License ID: NY-30TR0558114
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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