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
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4240 Buffalo St Orchard Park, NY 14127

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Premium Mortgage Corporation / Loan Service / Bank

    Property Details for 4240 Buffalo St

    Year built
    1947
    Property type
    Office Properties & Spaces

    Description

    This exceptional 1,000-square-foot office space is ideally situated on the ground floor at 4240 N Buffalo Street, Orchard Park, NY 14127, near Quaker Street. Built in 1947, this single-tenant traditional office offers a charming and functional workspace. The layout includes two private offices, perfect for individual work or meetings, and a welcoming reception area ensuring client comfort and privacy. Utilities are included, adding to the value of this property. Its location in the heart of Orchard Park Village provides easy access to a variety of local businesses, shops, and restaurants, fostering networking opportunities and convenient client interactions. The community atmosphere and picturesque setting make this an attractive location for businesses seeking a blend of professional functionality and community charm. Ground-level accessibility ensures ease of access for all. This is a rare opportunity to secure a well-appointed office space in a highly desirable Orchard Park location. Don't miss the chance to establish your business in this thriving village.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Orchard Park
    County
    Erie
    State
    New York
    Longitude
    -78.7442
    Latitude
    42.7681

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      3045-3085 Southwestern Blvd

      Office Properties & Spaces • 10,000 SF
      3045-3085 Southwestern Blvd, Orchard Park, NY 14127
      View Details
    • Value Estimation by Request
      7,500 SF

      70 Linwood Ave

      Coworking space • 7,500 SF
      70 Linwood Ave, Orchard Park, NY 14127
      View Details
    • Value Estimation by Request

      7,768 SF Office Building

      Multiple full service offices in professional office building
      70 Linwood Ave, Orchard Park, NY 14127
      View Details
    • Value Estimation by Request
      10,591 SF

      3671st Southwestern Blvd

      MEDICAL CLINIC • 10,591 SF
      3671st Southwestern Blvd, Orchard Park, NY 14127-1732
      View Details
    • Value Estimation by Request
      750 SF

      6576th E Quaker St

      OFFICE BUILDING • 750 SF
      6576th E Quaker St, Orchard Park, NY 14127-2502
      View Details
    • Value Estimation
      $2,395,000
      8,050 SF

      3801 Taylor Rd

      PROFESSIONAL BUILDING • 8,050 SF
      3801 Taylor Rd, Orchard Park, NY 14127-2232
      View Details

    Similar Nearby for Sale

    • $330,000
      3,561 SF

      Orchard Park Office Building

      Two-story office building with on-site parking in Orchard Park.
      4936 Ellicott Rd, Orchard Park, NY 14127
      View Details
    • Contact for pricing
      17,852 SF

      Orchard Park Office Building

      17,852 SF office building with available space.
      6506 E Quaker St, Orchard Park, NY 14127
      View Details
    • $382,000
      1,772 SF

      Orchard Park Standalone Office Building

      Single-story office building in Orchard Park with frontage on Southwestern.
      3115 Southwestern Blvd, Orchard Park, NY 14127
      View Details
    • $1,100,000
      10,696 SF

      Versatile Warehouse and Office Space

      Warehouse and office space suitable for various businesses.
      3874 California Rd, Orchard Park, NY 14127
      View Details
    • $479,900
      3,284 SF

      Orchard Park Office/Retail Building

      3284 SF building on 1.2 acres in Orchard Park.
      3095 Southwestern Blvd, Orchard Park, NY 14127
      View Details
    • $524,900
      1,688 SF

      Renovated Orchard Park Commercial Investment

      Fully renovated commercial property in Orchard Park with income potential.
      3925 N Buffalo St, Orchard Park, NY 14127
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      10,000 SF

      Prime Orchard Park Office Space

      10,000 SF Executive Office, 6,300 SF Available
      3045-3085 Southwestern Blvd, Orchard Park, NY 14127
      View Details
    • $16 SF/Yr
      9,962 SF

      Lake Avenue Executive Office Suite

      Prime Orchard Park Office Space Available
      6455 Lake Ave, Orchard Park, NY 14127
      View Details
    • $22 SF/Yr
      7,500 SF

      Orchard Park Office Space Available

      7,500 SF Office Building, Flexible Suites
      70 Linwood Ave, Orchard Park, NY 14127
      View Details
    • Contact for pricing
      2,275 SF

      Orchard Park Retail Opportunity

      Retail space for lease in Orchard Park, NY.
      3310 Southwestern Blvd, Orchard Park, NY 14127
      View Details
    • Contact for pricing
      1,302 SF

      Orchard Park Office Space Available

      Office space for lease in Orchard Park, move-in ready.
      240 Red Tail Rd, Orchard Park, NY 14127
      View Details
    • $17 SF/Yr
      1,890 SF

      Orchard Park Office Suites

      Renovated office suites in the Village of Orchard Park.
      21 Princeton Pl, Orchard Park, NY 14127
      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.
    4240 Buffalo St
    Orchard Park, NY 14127
    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.