Property profile

116 Lake Ave Buffalo, NY 14219

FOR LEASE
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Property ID
US63-3484048
2,352 SF 0.2 ac Built 1988
Last sale Aug 2004·$72,000
Individually Owned Owner of record is an individual. 22-yr Hold Held for 22 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

An approximately 1,100 sq. ft. office space designed for lease, with a layout that includes private offices and a small meeting area. The interior includes a kitchen and a private bathroom. The property provides on-site parking and is located on Lake Ave near South Park in Buffalo, NY.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$82k
Assessed land$15k
Assessed improvement$67k

Value estimate

· Nov 2026
$115k
$104k – $127k
AI approach$115k
NOI build-up
Gross scheduled income$33k
Vacancy & credit loss−$6k
Operating expenses−$7k
NOI · 950.05% cap applied$20k

Realmo valuation models over county records and 31 qualifying comparable sales.

Recently sold

What actually traded nearby?
$100/SF
ZIP average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$61 – $148
Qualifying comparables31

Cap rate analysis

How does the asset earn?
950.05%
$20k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand index
Law Firm16.4
Electrical Service10.5
Parking Facility10.3

Location

116 Lake Ave Buffalo, NY 14219
County assessor Recorded deeds · 2 transfers 31 qualifying comp sales Zoning catalog · not on file

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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2 Brendel, Hamburg, NY 14075 $487,500 Nov 2024 2,132 SF
54 Lk, Hamburg, NY 14075-4942 $250,000 Sep 2024 2,524 SF
7167 Abbott, Hamburg, NY 14075-6901 $80,000 Jul 2024 2,204 SF
134 Buffalo, Hamburg, NY 14075-5005 $60,000 Jul 2024 2,572 SF
4865 Park, Hamburg, NY 14075-1403 $700,000 Jan 2024 2,142 SF
50 Buffalo, Hamburg, NY 14075-6261 $175,000 Jan 2024 2,189 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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