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    Property profile & analytics

    321 Vermont St Buffalo, NY 14213-2652

    • Investment properties
    • 4,818 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0189812
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 321 Vermont St

    Year built
    1915
    Lot size
    0.07 lot acres
    Property size
    4,818 SF
    Zone code
    N-2R
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    140200 99.60-2-10
    APU
    1402009960210

    Description

    This exceptional mixed-use property, located at 321 Vermont Street in Buffalo, NY, presents a compelling investment opportunity. The 4,148 square foot building, constructed in 1900, features five units and sits on a 0.07-acre lot. Currently operating at 40% occupancy, the property offers significant upside potential. The building's zoning is N-2R, allowing for a variety of uses. The pro-forma net operating income (NOI) is projected at $37,661. The building consists of one, two-story structure, providing a spacious storefront ideal for a business venture, complemented by four two-bedroom apartments. Situated in Buffalo's vibrant West Side, near the Five Points neighborhood, the property benefits from proximity to local amenities, including cafes, restaurants, and shops. This owner-user investment presents a unique chance to combine business ownership with rental income generation in a thriving urban location. The property's strong potential for increased occupancy and rental income makes it an attractive addition to any investment portfolio. The asking price is $300,000. Detailed financial information is available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $198,000
      Market price range: $131k - $407k
      AI Estimate
      $257,000
      Market price range: $216k - $481k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8871
    Latitude
    42.9082
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $738
    $14,500
    $127,500
    $142,000
    -
    $20,714
    $182,143
    $202,857

    Comparable in this City

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      1,602 SF

      833 7th St

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    • Value Estimation
      $320,000
      2,878 SF

      192 Grant St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,878 SF
      192 Grant St, Buffalo, NY 14213-1698
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    • Value Estimation
      $305,000
      3,318 SF

      591 Fargo Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,318 SF
      591 Fargo Ave, Buffalo, NY 14213-2028
      View Details
    • Value Estimation
      $320,000
      2,464 SF

      477 Rhode Is St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,464 SF
      477 Rhode Is St, Buffalo, NY 14213-2315
      View Details
    • Value Estimation
      $335,000
      6,750 SF

      981 Niagara St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,750 SF
      981 Niagara St, Buffalo, NY 14213-2000
      View Details
    • Value Estimation
      $1,035,000
      60,735 SF

      1502 Niagara St

      OFFICE/RESIDENTIAL (MIXED USE) • 60,735 SF
      1502 Niagara St, Buffalo, NY 14213-1180
      View Details

    Similar Nearby for Sale

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      Niagara Street Development Opportunity

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    • $299,000
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      Mixed-Use Redevelopment Opportunity

      Mixed-use redevelopment opportunity in Buffalo's West Side with approved plans.
      213 Vermont St, Buffalo, NY 14213
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      Five-Story Mixed-Use Building on Grant

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      Mixed-Use Building in Prime Location

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      Four-Story Building on Niagara Street

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      Remodeled Ice Cream and Candy Shop

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      1088 Niagara St Office Space

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      Niagara Street Redevelopment Opportunity

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      Remodeled Ice Cream and Candy Shop

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    • $549,000
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      Warehouse Space with Office

      Warehouse space with office and highway access for lease.
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      View Details
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    321 Vermont St
    Buffalo, NY 14213-2652
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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.

    More about this property
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