Secure-Entry Office
477 Main St Buffalo, NY 14203
For Sale
Contact for pricing
Office space with secure key fob entry, near courts and government offices, with parking nearby.
Property Size5,700 SF
Price / SF$162.28
Days on Market581
Property Features for 477 Main St
General Information
Standard status
Active
Size
5,700 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Buffalo
(716) 574-9728
Listed By:
Shana Stegner
(716) 574-9728
Source:
Moodyscre
Added: Dec 26, 2024
Changed: Jul 26
Last Checked: Jul 29 at 12:29PM
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 CBRE | Buffalo
Investment Insights
Based on property information with market context.
This office property features secure key fob entry and provides dedicated office space within the building.
The location offers walking distance access to government offices and courts, along with parking available at the nearby Mohawk parking garage one block away. The property also provides immediate access to NFTA Metro Rail, with easy access to I-190, Route 33, and Rt. 5.
With its secure entry and convenient transit and roadway connections, the building supports a professional office use in an established downtown setting.
The location offers walking distance access to government offices and courts, along with parking available at the nearby Mohawk parking garage one block away. The property also provides immediate access to NFTA Metro Rail, with easy access to I-190, Route 33, and Rt. 5.
With its secure entry and convenient transit and roadway connections, the building supports a professional office use in an established downtown setting.
Key Highlights
- Secure key fob entry for office space
- Walking distance to government offices and courts
- Immediate access to NFTA Metro Rail
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $116.3k | $20.40 |
| − Vacancy | −$21.5k | −$3.77 |
| EGI | $94.8k | $16.63 |
| − OpEx | −$23.7k | −$4.16 |
| NOI | $71.1k | $12.47 |
5,700 SF · lease $20.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.02M
$888.5K – $1.18M
NOI $71,076 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,952 @ 7.0% cap · market cap 10.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office space with secure key fob entry, near courts and government offices, with parking nearby.
Where is this office units located?
The property is located at 477 Main St Buffalo, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Secure key fob entry for office space; Walking distance to government offices and courts; Immediate access to NFTA Metro Rail
