Medical Office
New
For Sale
$695,000
4 Cazenovia Street, Buffalo, NY 14220
Across from Mercy Hospital, the property has private parking and public transportation at the entrance.
Property Size5,120 SF
Days on Market3
Property Features for 4 Cazenovia Street
General Information
Standard status
Active
Size
5,120 SF
Total Parking Spaces
14
Property subtype
COMMERCIAL
Site & Location
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,501
Building Details
Building Size
5,120 SF
Year Built
1920
Buildings
1
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
Realty WG
Listed By:
Jennifer Marrano · License #10301223202
(716) 536-5367
Source:
Highfallssir
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 10 at 2:53AM
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 Realty WG
Investment Insights
Based on property information with market context.
This medical office property contains more than 5,000 square feet across multiple levels. The second floor includes a skin care treatment office and additional area that may accommodate a two-bedroom apartment. A full basement has a bathroom and laundry area, with potential for office or work space. Appliances are included; office furniture is negotiable.
The building sits directly opposite Mercy Hospital, with public transportation at the entrance and private parking for 14 vehicles. A hospital parking ramp is also across the street. Building updates include a roof approximately 10 years old, a furnace installed in 2008, and a hot water tank installed in 2016.
The building sits directly opposite Mercy Hospital, with public transportation at the entrance and private parking for 14 vehicles. A hospital parking ramp is also across the street. Building updates include a roof approximately 10 years old, a furnace installed in 2008, and a hot water tank installed in 2016.
Key Highlights
- More than 5,000 sq ft of space
- Private parking for 14 vehicles
- Across from Mercy Hospital; public transportation at the entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,844
Cap Rate
9.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,276,880
$1.3M
Cap Rate 7%
$912,057
$912.1K
Cap Rate 9%
$709,378
$709.4K
Market Conditions
NOI Build-Up for 5,120 SF
Gross rent
$104.4K $20.40/SF
− Vacancy
−$19.3K −$3.77/SF
EGI
$85.1K $16.63/SF
− OpEx
−$21.3K −$4.16/SF
NOI
$63.8K $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%
$1,276,880
Cap Rate 7%
$912,057
Cap Rate 9%
$709,378
Alternative Uses
Best Use
Office B
$912.1K
$798.1K – $1.06M
NOI $63,844 @ 7.0% cap · market cap 9.19%
Second Best
Healthcare Medical
$872.1K
$763.1K – $1.02M
NOI $61,047 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,188 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,062
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14220, NY
23,959
Population
11,286
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
93%
High-School Grad
3.8 sq mi
ZIP Area
6,305
Density / Sq Mi
$68,337
Median Household Income
$42,112
Median Earnings
$974
Median Rent
$180,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Buffalo, NY
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Across from Mercy Hospital, the property has private parking and public transportation at the entrance.
Where is this medical office space located?
The property is located at 4 Cazenovia Street Buffalo, NY.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: More than 5,000 sq ft of space; Private parking for 14 vehicles; Across from Mercy Hospital; public transportation at the entrance
