Financial
Distress signals
Property profile

111 Genesee St Buffalo, NY 14203

FOR LEASE
Other investment properties
Property ID
US63-5086669
62,904 SF 0.67 ac lot Built 1910
Last sale Apr 2024 · $2,550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a mixed-use complex consisting of five buildings with a combined 81,261 square feet. It includes first-floor retail and office accommodations, with apartments located on the upper levels; office suites are configured for tenant occupancy. The office space footprint is approximately 15,000 square feet, with individual suites ranging from 565 to 4,336 square feet. Tenant parking is provided by two parking lots. The complex is located at 111 Genesee Street near the Route 33

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?
$19k
Tax billed · 2023
Assessed value$3.57M
Assessed land$321k
Assessed improvement$3.25M
Effective rate0.52%

Value estimate

· Sep 2026
$2.55M
$2.30M – $2.81M
AI approach$2.55M
NOI build-up
Gross scheduled income$1.66M
Vacancy & credit loss−$307k
Operating expenses−$338k
NOI · 5,629,355.56% cap applied$1.01M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$95/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$29 – $157

Cap rate analysis

How does the asset earn?
5,629,355.56%
$1.01M 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-1C
The N-1C zone addresses mixed-use centers of high intensity, in strategic locations such as on the edges of downtown or proximate to ligh...
General categoryMIXED_USE
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner9.6
Laundry Service9.5
Tailor Shop9.3

Location

111 Genesee St Buffalo, NY 14203
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
145 Swan, Buffalo, NY 14203-2635 $390,500 Nov 2025 30,072 SF
615 Main, Buffalo, NY 14203 $3,800,000 Apr 2025 38,400 SF
625 Main, Buffalo, NY 14203-1424 $3,800,000 Apr 2025 15,816 SF
251 Main, Buffalo, NY 14203-2724 $191,250 Apr 2025 72,220 SF
122 Genesee, Buffalo, NY 14203 $700,000 Aug 2024 23,764 SF
743 Main, Buffalo, NY 14203 $1,300,000 Dec 2022 26,268 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?”
More about this property
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