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

    1140 Military Rd Buffalo, NY 14217-2232

    • Warehouses
    • 16,624 SF
    • 4.71 lot acres
    OFF-MARKET
    Value Estimations
    $630,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1483192
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Carter Self Storage Facility / Storage Facility
    • Tonawanda Tank Transport Services / Transportation Service / Trucking Company

    Property Details for 1140 Military Rd

    Year built
    1920
    Lot size
    4.71 lot acres
    Property size
    16,624 SF
    Zone code
    P-S
    Property type
    Warehouses
    APN
    146489 65.20-1-8.321
    APU
    146489652018321

    Description

    This exceptional 12,500-square-foot flex space at 1140 Military Road in Buffalo, New York, is available for lease. The property boasts a single tenancy and sits on a generous 4.9-acre lot, offering ample room for expansion or outdoor storage. The building's industrial classification and flex subtype make it ideal for a variety of businesses requiring a blend of office and warehouse space. The entire 12,500 square feet is currently vacant, presenting a unique opportunity for a tenant to customize the space to their specific needs. Located in Buffalo, NY, with a zip code of 14217, the property's address is 1140 Military Road. Its convenient location offers easy access to major transportation routes, enhancing logistical efficiency for any business. The property is ready for immediate occupancy, allowing for a swift and seamless transition for the new tenant. This is a rare opportunity to secure a substantial, versatile industrial space in a desirable Buffalo location. Interested parties should inquire promptly to arrange a viewing. The property is fully vacant and ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $646,000
      Market price range: $360k - $989k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $930,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8902
    Latitude
    42.9687
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $24,918
    $118,000
    $117,600
    $235,600
    -
    $491,683
    $490,017
    $981,700

    Comparable in this City

    • Value Estimation by Request
      13,150 SF

      1049 Military Rd

      WAREHOUSE, STORAGE • 13,150 SF
      1049 Military Rd, Buffalo, NY 14217-2228
      View Details
    • Value Estimation by Request
      1,485 SF

      1800 Military Rd

      WAREHOUSE, STORAGE • 1,485 SF
      1800 Military Rd, Buffalo, NY 14217-1031
      View Details
    • Value Estimation by Request
      4,430 SF

      1320 Military Rd

      WAREHOUSE, STORAGE • 4,430 SF
      1320 Military Rd, Buffalo, NY 14217-1529
      View Details
    • Value Estimation
      $2,350,000
      108,424 SF

      1050 Military Rd

      WAREHOUSE, STORAGE • 108,424 SF
      1050 Military Rd, Buffalo, NY 14217-2515
      View Details
    • Value Estimation by Request
      4,034 SF

      1747 Kenmore Ave

      WAREHOUSE, STORAGE • 4,034 SF
      1747 Kenmore Ave, Buffalo, NY 14217-2522
      View Details
    • Value Estimation
      $1,035,000
      28,870 SF

      300 Woodward Ave

      WAREHOUSE, STORAGE • 28,870 SF
      300 Woodward Ave, Kenmore, NY 14217-1540
      View Details

    Similar Nearby for Sale

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      Spacious Warehouse with Office Building

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    • $260,000
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      Versatile Warehouse/Manufacturing Space Available

      2400 SF building suitable for warehouse, manufacturing, or hobbyist.
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      Warehouse and Office Space Available

      Warehouse and office space on Military Road with development potential.
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    • $598,000

      Freestanding Building with Remodeled Offices

      Freestanding building with remodeled offices and paved parking.
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      Versatile Commercial Building in Kenmore

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    Similar Nearby for Lease

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      Kenmore Flex Space with Drive-In

      Flex space available with drive-in door and high ceilings.
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      Kenmore Avenue Warehouse with Offices

      Warehouse and office space available for lease in Kenmore.
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    • $7 SF/Yr
      16,500 SF

      Manufacturing Facility Available For Lease

      16,500 SF manufacturing facility for lease in Buffalo, NY.
      941-955 Military Rd, Buffalo, NY 14217
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    • $1,400 /Mo

      Retail Space with Great Visibility

      Move-in ready retail space with large signage and high ceilings.
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    • $10 SF/Yr
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      Kenmore Office Space for Rent

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      View Details
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    1140 Military Rd
    Buffalo, NY 14217-2232
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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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