Financial
Distress signals
Property profile

3101 Bailey Ave Buffalo, NY 14215

FOR SALE
Office buildings
Property ID
US63-1970573
4,198 SF 0.31 ac lot Built 1939
Last sale May 2022 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This vacant commercial office building at 3101 Bailey Avenue in Buffalo, New York sits on a 13,639-square-foot lot and provides 8,396 square feet of interior space. The former banking configuration includes a banking area with 14-foot ceilings, eight glass-enclosed offices, two drive-up teller or ATM lanes, and an 8' x 10' walk-in vault. A finished basement with 9-foot ceilings contains multiple restrooms and can support additional workspace or storage. Building systems include 400-amp

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value$265k
Assessed land$14k
Assessed improvement$251k
Effective rate0.52%

Value estimate

· Sep 2026
$515k
$464k – $567k
AI approach$475k
NOI build-up
Gross scheduled income$171k
Vacancy & credit loss−$32k
Operating expenses−$35k
NOI · 9.10% cap applied$105k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$116/SF
Submarket average, outlier-cleaned · 204 recorded sales of this use type
Observed band · Q1–Q3$68 – $171
Qualifying comparables7

Cap rate analysis

How does the asset earn?
9.10%
$105k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
N-3C
The N-3C zone addresses mixed-use, walkable centers of Buffalo moderately compact neighborhoods. These neighborhood centers were original...
General categoryMIXED_USE
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency41.8
Law Firm33.5
Dental Office23.7

Location

3101 Bailey Ave Buffalo, NY 14215
County assessor Recorded deeds · 5 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3435 Bailey, Buffalo, NY 14215-1145 $699,999 Sep 2023 5,610 SF
1057 Kensington, Buffalo, NY 14215-2737 $35,500 May 2022 4,068 SF
1070 Kensington, Buffalo, NY 14215 $75,000 Sep 2021 3,817 SF
1278 Kensington, Buffalo, NY 14215-1712 $40,000 Dec 2020 2,479 SF
3660 Harlem, Cheektowaga, NY 14215-2014 $250,000 Dec 2019 3,876 SF
337 Cleveland, Buffalo, NY 14215-1952 $267,000 Nov 2019 5,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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