Office Building With
For Sale
Contact for pricing
721 Center Rd, Buffalo, NY 14224
Currently configured as two office suites with on-site parking and R-60A Residence District zoning.
Property Size3,600 SF
Price / SF$137.50
Days on Market370
Property Features for 721 Center Rd
General Information
Standard status
Active
Size
3,600 SF
Total Parking Spaces
20
Property subtype
OFFICE
Zoning
R-60A Residence District
Additional Details
Road Access
Yes
Office Units
2
Listing Agency:
CBRE | Buffalo
(716) 855-3700
Listed By:
Shana Stegner
(716) 574-9728
Source:
Moodyscre
Added: Jul 30, 2025
Changed: Jul 31
Last Checked: Aug 1 at 5:23AM
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.
The property is currently divided into two office suites and includes a full 3,600 SF basement, providing substantial supporting space within the building. The configuration offers separate office areas with additional lower-level space for storage or other property-supported functions.
Located at 721 Center Rd in Buffalo, the property has ±60’ of frontage along Center Road and approximately 8,812 AADT. On-site parking includes approximately 20 spaces. The property is zoned R-60A Residence District.
Located at 721 Center Rd in Buffalo, the property has ±60’ of frontage along Center Road and approximately 8,812 AADT. On-site parking includes approximately 20 spaces. The property is zoned R-60A Residence District.
Key Highlights
- Two office suites with a full 3,600 SF basement
- ±60’ of frontage along Center Road
- 8,812 AADT along Center Road
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 | $73.4k | $20.40 |
| − Vacancy | −$13.6k | −$3.77 |
| EGI | $59.9k | $16.63 |
| − OpEx | −$15.0k | −$4.16 |
| NOI | $44.9k | $12.47 |
3,600 SF · lease $20.40/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$641.3K
$561.1K – $748.2K
NOI $44,890 @ 7.0% cap · market cap 9.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$865.7K
$757.5K – $1.01M
NOI $60,601 @ 7.0% cap · market cap 12.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Explore this area
Business Placement
Demographics for 14224, NY
40,736
Population
19,286
Households
2.1
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
2,017
Density / Sq Mi
$76,250
Median Household Income
$49,824
Median Earnings
$1,077
Median Rent
$219,800
Median Home Value
Market
Vacancy Rate% for Office in Buffalo, NY
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Currently configured as two office suites with on-site parking and R-60A Residence District zoning.
Where is this office building located?
The property is located at 721 Center Rd Buffalo, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two office suites with a full 3,600 SF basement; ±60’ of frontage along Center Road; 8,812 AADT along Center Road
