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    1756 Genesee St Buffalo, NY 14211
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    1756 Genesee St Buffalo, NY 14211

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    • Retail properties & Spaces
    • 9,107 SF
    • 0.32 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Family Dollar / (Bike/Boat/Book/etc) Store

    Property Details for 1756 Genesee St

    Lot size
    0.32 lot acres
    Property size
    9,107 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Freestanding property

    Description

    This exceptional 9,107+/- square foot retail space, formerly a Family Dollar, presents a remarkable opportunity for businesses seeking high visibility and ample space. Located at 1756 Genesee Street in Buffalo, NY 14211, this single-story, free-standing building sits on a 0.32-acre lot and boasts a large paved parking area, ensuring convenient customer access. The property's prime location between Kilhoffer and Zenner Streets offers excellent exposure to high traffic counts, further enhanced by prominent signage opportunities. The brick-front building features an open floor plan design, allowing for flexible business configurations, and abundant natural light creates a welcoming atmosphere. Its functional layout is complemented by easy accessibility to major thoroughfares including Bailey Avenue, Walden Avenue, Harlem Road, the New York State Thruway (I-90), and the Kensington Expressway (33). The property is zoned for commercial use and is immediately available. This turnkey solution combines ideal location, ample parking, and a spacious layout, making it an exceptional investment for a variety of retail businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8157
    Latitude
    42.912

    Comparable in this City

    • Value Estimation by Request
      1,316 SF

      2297 Bailey Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,316 SF
      2297 Bailey Ave, Buffalo, NY 14211-1715
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    • Value Estimation by Request
      7,257 SF

      1350 Fillmore Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,257 SF
      1350 Fillmore Ave, Buffalo, NY 14211-1246
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    • Value Estimation
      $605,000
      7,076 SF

      592 Walden Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,076 SF
      592 Walden Ave, Buffalo, NY 14211-2422
      View Details
    • Value Estimation
      $1,140,000
      10,640 SF

      1055 Genesee St

      RETAIL STORES (PERSONAL SERVICES) • 10,640 SF
      1055 Genesee St, Buffalo, NY 14211-3006
      View Details
    • Value Estimation
      $1,030,000
      16,260 SF

      2160 Genesee St

      RETAIL STORES (PERSONAL SERVICES) • 16,260 SF
      2160 Genesee St, Buffalo, NY 14211-1922
      View Details
    • Value Estimation
      $810,000
      8,476 SF

      39 Parade Cir

      RETAIL STORES (PERSONAL SERVICES) • 8,476 SF
      39 Parade Cir, Buffalo, NY 14211
      View Details

    Similar Nearby for Sale

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      Mixed-Use Building with Renovation Potential

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      Land For Sale, Buffalo, NY

      Vacant land available in Buffalo, New York.
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    • Contact for pricing
      Pending

      Commercial Land on Genesee Street

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    Similar Nearby for Lease

    • $3,500 /Mo

      Former Banquet Hall For Lease

      Former banquet hall available for lease with parking lot.
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      Turn-Key Restaurant and Warehouse

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      Retail Space on Genesee Street

      Retail space available for lease in Buffalo, New York.
      1917 Genesee St, Buffalo, NY 14211
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      Northland Avenue Retail/Office Space

      Retail or office space available in Northland Central.
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      39,000 SF

      Industrial Space with Crane Access

      39,000 SF industrial space with heavy crane and loading.
      631 Northland Ave, Buffalo, NY 14211
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    1756 Genesee St
    Buffalo, NY 14211
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    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
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