Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    1817 Kenmore Ave Buffalo, NY 14217-2523

    • Investment properties
    • 3,227 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Dec 01, 2023
    $145,000
    Value Estimations
    $190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2296438
    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

    • Sun Express Mart / Convenience Store
    • Hearts for the Homeless / Donations Center / Charity
    • Kenmore Mini Mart & Deli / Convenience Store / Deli

    Property Details for 1817 Kenmore Ave

    Year built
    1955
    Lot size
    0.16 lot acres
    Property size
    3,227 SF
    Zone code
    04 - FARM
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    146401 77.36-6-32
    APU
    1464017736632

    Description

    This fully leased 3,226 square foot convenience store located at 1817 Kenmore Ave, Buffalo, NY 14217, presents a compelling investment opportunity. Situated on a prominent corner lot in Erie County, this well-maintained property benefits from exceptional foot and vehicle traffic, ensuring consistent customer flow. The current tenant enjoys a strong lease agreement and has consistently demonstrated robust business performance, providing a reliable and steady income stream. This turnkey operation requires minimal owner involvement, making it ideal for passive investors seeking a secure and profitable addition to their portfolio. The asking price for this exceptional retail property is $599,000. The property's excellent location and the tenant's proven track record combine to create a low-risk, high-reward investment opportunity. This is a rare chance to acquire a well-established, profitable business in a thriving area of Buffalo. The property's size and location make it an attractive investment for both seasoned and new investors seeking a stable and lucrative return. Serious inquiries are encouraged to explore this exceptional opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $180,000
      ML approach
      $195,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $275,000
      Market price range: $182k - $368k
      AI Estimate
      $260,000
      Market price range: $140k - $367k

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8855
    Latitude
    42.9588
    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
    $0.00
    $18,000
    $46,500
    $64,500
    -
    $75,014
    $193,786
    $268,800

    Comparable in this City

    • Value Estimation
      $305,000
      3,168 SF

      2338 Elmwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,168 SF
      2338 Elmwood Ave, Buffalo, NY 14217-2602
      View Details
    • Value Estimation
      $385,000
      11,690 SF

      2548 Elmwood Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 11,690 SF
      2548 Elmwood Ave, Buffalo, NY 14217-1968
      View Details
    • Value Estimation
      $320,000
      2,670 SF

      1129 Kenmore Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,670 SF
      1129 Kenmore Ave, Buffalo, NY 14217-2845
      View Details
    • Value Estimation
      $320,000
      4,002 SF

      2830 Delaware Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,002 SF
      2830 Delaware Ave, Buffalo, NY 14217-2718
      View Details
    • Value Estimation
      $315,000
      3,540 SF

      2937 Delaware Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,540 SF
      2937 Delaware Ave, Buffalo, NY 14217-2310
      View Details
    • Value Estimation
      $330,000
      6,844 SF

      2844 Delaware Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,844 SF
      2844 Delaware Ave, Buffalo, NY 14217-2720
      View Details

    Similar Nearby for Sale

    • $1,995,000
      5,000 SF

      Delaware Avenue Investment Opportunity

      Mixed-use and residential income properties with income potential.
      3878 Delaware Ave, Tonawanda, NY 14217
      View Details
    • $399,000
      Pending

      Mixed-Use Building with Apartments

      Mixed-use building featuring office space and apartments in Buffalo.
      80 Delaware Rd, Buffalo, NY 14217
      View Details
    • $1,995,000

      Mixed-Use Portfolio with Income Potential

      Meticulously maintained mixed-use portfolio with income and user potential.
      3886 Delaware Ave, Buffalo, NY 14217
      View Details
    • $249,000

      Updated Two-Family Home in Kenmore

      Charming, updated 2-family home in Kenmore with modern amenities.
      379 Victoria Blvd, Buffalo, NY 14217
      View Details
    • $132,900
      Pending

      Buffalo Multifamily Property For Sale

      Multifamily property in Buffalo, New York, handyman special.
      87 Eiseman Ave, Buffalo, NY 14217
      View Details
    • $1,850,000
      18,990 SF

      Elmwood Avenue Multifamily Investment Property

      14-unit apartment complex in Kenmore, updated with off-street parking.
      2473 Elmwood Ave, Buffalo, NY 14217
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,176 SF

      Kenmore Village Storefront for Lease

      Storefront in walkable commercial area, Kenmore Village. Lease only.
      3107 Delaware Ave, Buffalo, NY 14217
      View Details
    • $7 SF/Yr
      16,500 SF

      Manufacturing Facility Available For Lease

      16,500 SF manufacturing facility for lease in Buffalo, NY.
      941-955 Military Rd, Buffalo, NY 14217
      View Details
    • $10 SF/Yr
      4,000 SF

      Kenmore Office Space for Rent

      Charming 4,000 SF office space in Kenmore area.
      2746 Delaware Ave, Buffalo, NY 14217
      View Details
    • Contact for pricing
      3,120 SF

      Elmwood Avenue Warehouse Space Available

      Warehouse space with office and basement, convenient highway access.
      3095 Elmwood Ave, Buffalo, NY 14217
      View Details
    • $1,400 /Mo

      Retail Space with Great Visibility

      Move-in ready retail space with large signage and high ceilings.
      2323 Elmwood Suite 3 Ave, Tonawanda, NY 14217
      View Details
    • $12 SF/Yr
      4,800 SF

      Elmwood Ave Office Space For Lease

      Versatile Office Building, 4,500 SF Available
      2282 Elmwood Ave, Buffalo, NY 14217
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1817 Kenmore Ave
    Buffalo, NY 14217-2523
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.