Four-Bay Auto
New
For Sale
$315,000
800 Kensington Avenue, Buffalo, NY 14215
CommercialSale, Buffalo, NY
Property Size2,064 SF
Lot Size0.34 Acres
Price / SF$152.62
Days on Market3
Property Features for 800 Kensington Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
D-IL
Zoning description
Commercial
Parking
20
Lot features
Irregular Lot
Elementary school district
Buffalo
Middle school district
Buffalo
High school district
Buffalo
Subdivision
Buffalo City-140200
Standard status
Active
APN
140200-090-390-0001-005-000
Size
2,064 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Annual Amount
2472
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Building Details
Floors in Building
1
Roof type
Flat, Asphalt
Listing Agency:
WNY Metro Roberts Realty
(716) 662-0449
Listed By:
Sherry Holtz · License #10401237951
(716) 860-7579
Added: Aug 18
Changed: Aug 20
Last Checked: Aug 20 at 3:06PM
MLS# B1705341
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.
This 2,064-square-foot auto shop is configured with 4 service bays and 2 hydraulic car lifts. The property is currently occupied by an established auto repair business that has served the community for more than 40 years. Improvements include energy-efficient lighting, a security system, and a NYS inspection machine. The building has a flat asphalt roof, natural gas heat, and public sewer service.
Set on 0.3353 acres at 800 Kensington Avenue in Buffalo, the property offers 20+ vehicle parking ability and is positioned within a commercial setting described as heavily traveled. D-IL zoning supports the property's existing automotive orientation. The owner may be willing to include some tools and inventory with the sale.
Set on 0.3353 acres at 800 Kensington Avenue in Buffalo, the property offers 20+ vehicle parking ability and is positioned within a commercial setting described as heavily traveled. D-IL zoning supports the property's existing automotive orientation. The owner may be willing to include some tools and inventory with the sale.
Key Highlights
- 2,064‑square‑foot building on 0.3353 acres
- 4 service bays with 2 hydraulic car lifts
- 20+ vehicle parking ability
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
$20,105
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
6.38%
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%
$402,100
$402.1K
Cap Rate 7%
$287,214
$287.2K
Cap Rate 9%
$223,389
$223.4K
Market Conditions
NOI Build-Up for 2,064 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
$32.2K $15.60/SF
− Vacancy
−$3.5K −$1.68/SF
EGI
$28.7K $13.92/SF
− OpEx
−$8.6K −$4.17/SF
NOI
$20.1K $9.74/SF
Area
Buffalo, NY
Vacancy
10.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
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%
$402,100
Cap Rate 7%
$287,214
Cap Rate 9%
$223,389
Alternative Uses
Best Use
Retail
$287.2K
$251.3K – $335.1K
NOI $20,105 @ 7.0% cap · market cap 6.38%
Second Best
Industrial
$206.5K
$180.7K – $241.0K
NOI $14,457 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$496.4K
$434.3K – $579.1K
NOI $34,745 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14215, NY
42,447
Population
19,203
Households
2.2
Avg Household Size
33
Median Age
19%
College-Educated
87%
High-School Grad
4.8 sq mi
ZIP Area
8,843
Density / Sq Mi
$43,326
Median Household Income
$29,204
Median Earnings
$993
Median Rent
$102,800
Median Home Value
Market
Vacancy Rate% for Retail in Buffalo, NY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Exclusive Whips Automotive — Buffalo, NY 14215
- Brookline Machine Co — 1870 fillmore ave, buffalo, ny 14214
- Duffy's Mcc Auto — 310 Kensington Ave, Buffalo, NY 14214
- Bailey auto center — 2695 Bailey Ave, Buffalo, NY 14215
- 3 WORDZ enterprise LLC — 310 Kensington Ave, Buffalo, NY 14214
Frequently Asked Questions
What type of property is this?
Auto shop - Occupied automotive facility with service bays, vehicle lifts, parking, and D-IL zoning.
Where is this auto shop located?
The property is located at 800 Kensington Avenue Buffalo, NY.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 2,064‑square‑foot building on 0.3353 acres; 4 service bays with 2 hydraulic car lifts; 20+ vehicle parking ability
