First-Floor Office
For Sale
Contact for pricing
921 Main Street, Buffalo, NY 14203
Corner office availability near Buffalo’s medical corridor, with a professional tenant mix and potential for separate configurations.
Property Size151,938 SF
Price / SF$0.00
Days on Market86
Property Features for 921 Main Street
General Information
Standard status
Active
Size
151,938 SF
Additional Details
Floor
First Floor
Listing Agency:
MJ Peterson Real Estate Inc.
(716) 689-7800
Listed By:
James E Knight · License #30KN0671386
(716) 998-0199
Source:
Nicholcityrealty
Added: Jul 24
Changed: Oct 10
Last Checked: Oct 16 at 8:57AM
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 MJ Peterson Real Estate Inc.
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Investment Insights
Based on property information with market context.
Office availability on the first floor at 921 Main Street includes almost 8,300 square feet across two units. The corner positioning provides a distinct layout within a professional tenant environment, and the space may be divided for separate occupancy or leasing arrangements.
Unit 1 contains 4,164 square feet, while Unit 2 includes 4,085 square feet. The property is positioned near Buffalo’s medical corridor, with three- to five-year terms under consideration and NNN lease structure identified for the offering.
Unit 1 contains 4,164 square feet, while Unit 2 includes 4,085 square feet. The property is positioned near Buffalo’s medical corridor, with three- to five-year terms under consideration and NNN lease structure identified for the offering.
Key Highlights
- Almost 8,300 square feet available
- First‑floor corner office location near Buffalo’s medical corridor
- Two units measuring 4,164 SF and 4,085 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,894,591
Suggested Prices Based on Cap Rates
Cap Rate 5%
$37,891,820
$37.9M
Cap Rate 7%
$27,065,586
$27.1M
Cap Rate 9%
$21,051,011
$21.1M
Market Conditions
NOI Build-Up for 151,938 SF
Gross rent
$3.10M $20.40/SF
− Vacancy
−$573.4K −$3.77/SF
EGI
$2.53M $16.63/SF
− OpEx
−$631.5K −$4.16/SF
NOI
$1.89M $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%
$37,891,820
Cap Rate 7%
$27,065,586
Cap Rate 9%
$21,051,011
Alternative Uses
Best Use
Office B
$27.07M
$23.68M – $31.58M
NOI $1,894,591 @ 7.0% cap · market cap 12,630,606.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$36.54M
$31.97M – $42.63M
NOI $2,557,664 @ 7.0% cap · market cap 17,051,093.33%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 14203, NY
2,006
Population
1,712
Households
1.2
Avg Household Size
33
Median Age
43%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
716
Density / Sq Mi
$48,529
Median Household Income
$44,259
Median Earnings
$1,167
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Office units - Corner office availability near Buffalo’s medical corridor, with a professional tenant mix and potential for separate configurations.
Where is this office units located?
The property is located at 921 Main Street Buffalo, NY.
What are key features of this property?
This property features: Almost 8,300 square feet available; First‑floor corner office location near Buffalo’s medical corridor; Two units measuring 4,164 SF and 4,085 SF
