Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    651 Delaware Ave Buffalo, NY 14202

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for lease in Allentown with on-site parking.

    Property Features for 651 Delaware Ave

    General Information

    Standard status
    Active

    Building Details

    Year built
    1976

    We can help!

    Listing Contact
    Ronald "Gunner" Tronolone
    Source: Crexi

    Listing Agency: HUNT Commercial Listing Agent: Ronald "Gunner" Tronolone

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Professional Office Space Available

    Professional office space is available for lease, offering 2,677 square feet and 5,943 square feet, which can be combined to create 8,620 square feet. The property is situated on a highly visible corner location in the heart of Allentown, at the corner of Delaware Avenue and North Street. Ample on-site free parking is available.
    Location Intelligence

    Current Use by Public Records

    Dr Wendy L ... Physician Law Offices of Kenneth ... Law Firm Law Offices of Jose ... Law Firm MMB Realty Group Real Estate Agency Consult with Rana ... Consultant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8725838
    Latitude
    42.9019703

    Nearby Similar for Lease

    • $695 /Mo
      7,861 SF

      Office Space with Creek View

      Office space in the heart of Williamsville, NY.
      5629 Main St, Buffalo, NY 14221
      View Details
    • $5,000 /Mo
      10,908 SF

      Turn-Key Restaurant and Warehouse

      Restaurant, renovated apartment, and warehouse for rent in Buffalo.
      898 Genesee St, Buffalo, NY 14211
      View Details
    • $2,400 /Mo
      4,620 SF

      Main Street Commercial Space Available

      First floor commercial space on Main Street, Buffalo, NY.
      2290 Main St, Buffalo, NY 14214
      View Details
    • $1.00 SF/Yr
      11,760 SF

      Harlem Road Commercial Leasing Opportunity

      High-visibility office spaces available for lease on Harlem Road.
      3435 Harlem Rd, Buffalo, NY 14225
      View Details
    • $2,450 /Mo
      1,842 SF

      West Seneca Commercial Office Space

      1,842.50 sq ft office space in prime West Seneca location.
      4085 Seneca St, Buffalo, NY 14224
      View Details
    • $15 SF/Yr
      7,344 SF

      Elmwood Avenue Professional Office Space

      3,000 SF office space in high-traffic Kenmore/Elmwood corridor.
      2555 Elmwood Ave, Buffalo, NY 14217
      View Details
    • $14 SF/Yr
      8,196 SF

      West Seneca Office Space Available

      1900 sqft office space with 6-8 offices near Buffalo.
      51 N America Dr, Buffalo, NY 14224
      View Details
    • $1,500 /Mo
      679 SF

      Seneca Street Retail/Office Space

      679 SF retail/office space in vibrant shopping district.
      2096 Seneca St, Buffalo, NY 14210
      View Details
    • $249,900
      2,603 SF

      Two-Story Office Building in Buffalo

      Two-story office building for sale or lease in West Seneca.
      3686 Seneca St, Buffalo, NY 14224
      View Details
    • $11 SF/Yr
      9,635 SF

      Renovated Commercial Space with Warehouse

      Adaptable retail, office, and warehouse space in high-visibility location.
      4336 Bailey Ave, Buffalo, NY 14226
      View Details
    • $6 SF/Yr
      29,129 SF

      Buffalo Office and Warehouse Space

      Office and warehouse space available in a prime location.
      501 Amherst St, Buffalo, NY 14207
      View Details
    • $750 /Mo
      400 SF

      Hertel Avenue Storefront Ready Now

      Updated 400 SF storefront with excellent natural light.
      662 Hertel Ave, Buffalo, NY 14207
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for lease in Allentown with on-site parking.
    Where is this office units located?
    The property is located at 651 Delaware Ave Buffalo, NY.
    What are key features of this property?
    This property features: - 8,620 sf of professional office space available for lease (combined).; - Highly visible corner location.; - Ample on-site free parking.
    Request Owner's contact information
    651 Delaware Ave Buffalo, NY 14202
    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.
    651 Delaware Ave
    Buffalo, NY 14202
    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
    651 Delaware Ave Buffalo, NY 14202
    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

    We can help!
    Listing Contact
    Ronald "Gunner" Tronolone
    Real Estate License ID: NY-30TR0558114
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!