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    Property profile & analytics

    1231 Delaware Ave Buffalo, NY 14209

    • Office buildings
    • 7,344 SF
    • 0.46 lot acres
    For Lease
    View listing
    Value Estimation
    $950,000
    Last Sale
    Oct 27, 2022
    $925,000
    Location Intelligence
    Property ID
    US63-5979742
    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

    • Lewis L. Schwartz, PLLC / Attorney
    • Explore What's Next / Psychotherapist
    • Kirisits & Associates Cpas Pllc: Kirisits Lisa M CPA / Certified Public Accountant / Accountant
    • Kirisits & Associates CPAs, PLLC / Accountant

    Property Details for 1231 Delaware Ave

    Year built
    1960
    Lot size
    0.46 lot acres
    Property size
    7,344 SF
    Zone code
    N-2R
    Property type
    Office buildings
    APN
    140200 100.31-1-34
    APU
    14020010031134

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $950,000

    • CAP approach

      CAP return
      Estimation
      6%
      $895,000
      6.5%
      $885,000
      7%
      $965,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,035,000
      Geo Method
      $850,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,100,000
      Retail
      $1,090,000
      Mixed-Use
      $1,115,000
      Hospitality
      $1,170,000
      Educational
      $1,030,000
      Residential Income
      $880,000
      Energy
      $1,065,000
      Income-Based Land
      $1,040,000
      Food Service
      $1,155,000

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.868
    Latitude
    42.9173
    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
    2023
    $4,547
    $200,400
    $509,600
    $710,000
    -
    $286,286
    $728,000
    $1,014,286

    Comparable in this City

    • Value Estimation
      $745,000
      34,859 SF

      938 Delaware Ave

      PROFESSIONAL BUILDING • 34,859 SF
      938 Delaware Ave, Buffalo, NY 14209
      View Details
    • Value Estimation
      $510,000
      7,486 SF

      1260 Delaware Ave

      OFFICE BUILDING • 7,486 SF
      1260 Delaware Ave, Buffalo, NY 14209-2401
      View Details
    • Value Estimation
      $385,000
      5,493 SF

      1230 Delaware Ave

      OFFICE BUILDING • 5,493 SF
      1230 Delaware Ave, Buffalo, NY 14209-1430
      View Details
    • Value Estimation
      $230,000
      5,680 SF

      964 Delaware Ave

      PROFESSIONAL BUILDING • 5,680 SF
      964 Delaware Ave, Buffalo, NY 14209-1806
      View Details
    • Value Estimation
      $280,000
      1,888 SF

      1171 Delaware Ave

      OFFICE BUILDING • 1,888 SF
      1171 Delaware Ave, Buffalo, NY 14209-1401
      View Details
    • Value Estimation
      $570,000
      38,682 SF

      1100 Main St

      OFFICE BUILDING • 38,682 SF
      1100 Main St, Buffalo, NY 14209-2308
      View Details

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    Similar Nearby for Lease

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      Historic Office Space in Buffalo

      Historic office space for lease in the Williams Butler Mansion.
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      1115 Main St Office Space

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      View Details
    • $15 SF/Yr
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      Prime Office Space Available

      Office space for rent with central location and amenities.
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      View Details
    • Contact for pricing
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      Updated Medical/Business Office Space

      Updated medical/business office space available for rent.
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    • $31 SF/Yr
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      1091 Main Street Office Space

      Modern Buffalo Office Building, Multiple Suites Available
      1091 Main Rd, Buffalo, NY 14209
      View Details
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    Buffalo, NY 14209
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    Realmo Value Estimation

    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.

    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.

    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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