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Financial
Distress signals
Property profile

119 Colgate Ave Buffalo, NY 14220

FOR SALE
Manufacturing properties
Property ID
US63-1594596
19,360 SF 1.93 ac lot Built 1925
Last sale Mar 2016 · $75,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A two-story manufacturing facility located in South Buffalo on a 3.1-acre lot, containing 19,360 total square feet with 9,680 square feet per floor. The first floor has 14-foot ceilings and the second floor has 12-foot ceilings. The building includes a 14-foot overhead door and is served by heavy electrical capacity, including a 200 AMP/400V system, infrared heat, and buss ducts. Thick concrete floors are present, and the space may be configured with racking. A small freight elevator is on site…

Ownership intelligence

Who controls the opportunity?

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

Debts

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$261k
Assessed land$99k
Assessed improvement$163k
Effective rate0.52%

Value estimate

· Oct 2026
$300k
$270k – $330k
AI approach$300k
NOI build-up
Gross scheduled income$197k
Vacancy & credit loss−$4k
Operating expenses−$58k
NOI · 18.08% cap applied$136k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$28/SF
Submarket average, outlier-cleaned · 95 recorded sales of this use type
Observed band · Q1–Q3$13 – $48
Qualifying comparables5

Cap rate analysis

How does the asset earn?
18.08%
$136k 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?
D-C
D-R, D-M, D-E, D-S, D-C, D-IL, D-IH, D-OS, D-OG, D-ON, C-R C-W-100 TABLE 5A: WATERFRONT YARDS DECEMBER 2016 CITY OF BUFFALO | CHAPTER 496...
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 agency65.3
Restaurant47.0
Building Supply39.9

Location

119 Colgate Ave Buffalo, NY 14220
County assessor Recorded deeds · 1 transfer 5 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

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2141 Park, Buffalo, NY 14220 $460,000 Feb 2023 21,742 SF
110 Hopkins, Buffalo, NY 14220-2131 $1,295,000 Feb 2022 214,257 SF
180 Hopkins, Buffalo, NY 14220-1854 $766,000 Jan 2021 51,128 SF
2157 Park, Buffalo, NY 14220-2268 $180,000 Aug 2020 5,400 SF
580 Tifft, Buffalo, NY 14220-1813 $1,350,000 Aug 2019 49,897 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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