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    150 Essjay Rd Buffalo, NY 14221

    Sponsored
    For Sale
    $4,900,000

    Class A Office, 34,702 SF, $4.9M

    Property size:
    34,702 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional Class A office building, located at 150 Essjay Road in Buffalo, New York, presents a compelling investment opportunity. Boasting 34,702 square feet of net rentable space spread across two stories, this property is situated on a 2.27-acre lot within the desirable Centerpointe Corporate Park. Built in 1978 and extensively renovated between 2011 and 2023, the building benefits from significant capital improvements. These upgrades include a new public water main, a state-of-the-art HVAC system featuring a 70-ton Evapco cooling tower, and a complete conversion to energy-efficient LED lighting (2021). Further enhancements encompass updated sprinkler systems, smoke and heat detectors, a new roof hatch, and a dedicated mailroom with a 42-inch exterior access door. The ample parking lot, accommodating 134 vehicles, was recently sealed and restriped in 2023. The property is zoned OB - Office Building District and enjoys a park-like setting with over 100 neighboring businesses, offering immediate access to shopping and dining amenities. The asking price is $4,900,000, translating to $141.20 per square foot. This meticulously maintained building offers a rare combination of modern amenities and a convenient location, making it an ideal investment for discerning buyers.

    Property Features for 150 Essjay Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    34,702 SF
    Class
    A
    Lot Size
    98,881 SF

    Building Details

    Year Built/Renovated
    1978/2011
    Stories
    2

    HighLights

    • Class A office building, 34,702 RSF, two stories, $4,900,000 asking price ($141.20/SF).
    • Located in Centerpointe Corporate Park, Buffalo, NY, on a 2.27‑acre lot.
    • Extensively renovated 2011‑2023, including new HVAC, LED lighting, and sprinkler systems.
    • 134‑space parking lot, recently sealed and restriped.
    • Zoned OB - Office Building District, near shopping and dining.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jaffri Tahir Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.73596519
    Latitude
    42.97630541

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, 34,702 SF, $4.9M
    Where is this office property / space located?
    The property is located at 150 Essjay Rd Buffalo, NY.
    What is the asking price?
    The asking price for this property is $4,900,000.
    What are key features of this property?
    This property features: Class A office building, 34,702 RSF, two stories, $4,900,000 asking price ($141.20/SF).; Located in Centerpointe Corporate Park, Buffalo, NY, on a 2.27-acre lot.; Extensively renovated 2011-2023, including new HVAC, LED lighting, and sprinkler systems.
    (716) 392-8284
    Request Owner's contact information
    150 Essjay Rd Buffalo, NY 14221
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    Buffalo, NY 14221
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    Realmo Value Estimation

    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.

    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.

    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
    150 Essjay Rd Buffalo, NY 14221
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