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    Property profile & analytics

    1273 Seneca St Buffalo, NY 14210

    • Warehouses
    • 7,146 SF
    • 0.29 lot acres
    For Sale
    View listing
    $490,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2752236
    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

    • JGM Installation & Services Co / General Contractor / Window Installation Service

    Property Details for 1273 Seneca St

    Year built
    1950
    Lot size
    0.29 lot acres
    Property size
    7,146 SF
    Zone code
    N-3E
    Property type
    Warehouses
    APN
    140200 123.37-5-8
    APU
    1402001233758

    Description

    This exceptional 7,146-square-foot industrial property, located at 1273 Seneca Street in Buffalo, New York, presents a compelling investment opportunity. Built in 1950, this single-story warehouse boasts a spacious layout ideal for various uses, including light manufacturing, storage, and distribution. The building features one overhead door measuring 12 feet wide by 17 feet high, providing ample access for loading and unloading. Ceiling heights reach 13 feet, offering generous vertical space. The electrical system has been upgraded to three-phase power, catering to the needs of modern industrial operations. The property includes 20 parking spaces, ensuring convenient access for employees and clients. Priced at $490,000, this represents a compelling price per square foot of $68.57. Situated in Erie County, NY, with a zip code of 14210, this freestanding structure offers significant potential for a variety of businesses seeking a functional and well-located industrial space. The property's convenient location and versatile design make it an attractive option for entrepreneurs and established businesses alike. This is a single-unit building offering a rare opportunity to acquire a well-maintained industrial space in a desirable location. Don't miss this chance to own a piece of Buffalo's thriving industrial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $381,000
      Market price range: $108k - $396k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $400,000
      Current use
      COMMERCIAL (GENERAL)
      $385,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8316
    Latitude
    42.8692
    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
    $883
    $25,000
    $145,000
    $170,000
    -
    $35,714
    $207,143
    $242,857

    Comparable in this City

    • Value Estimation
      $250,000
      3,416 SF

      64 Fillmore Ave

      WAREHOUSE, STORAGE • 3,416 SF
      64 Fillmore Ave, Buffalo, NY 14210-1212
      View Details
    • Value Estimation
      $510,000
      122,728 SF

      1 Babcock St

      WAREHOUSE, STORAGE • 122,728 SF
      1 Babcock St, Buffalo, NY 14210-2253
      View Details
    • Value Estimation
      $280,000
      5,671 SF

      829 Seneca St

      WAREHOUSE, STORAGE • 5,671 SF
      829 Seneca St, Buffalo, NY 14210-1413
      View Details
    • Value Estimation
      $465,000
      22,435 SF

      1013 Perry St

      WAREHOUSE, STORAGE • 22,435 SF
      1013 Perry St, Buffalo, NY 14210
      View Details
    • Value Estimation
      $260,000
      11,253 SF

      1300 Perry St

      WAREHOUSE, STORAGE • 11,253 SF
      1300 Perry St, Buffalo, NY 14210-1657
      View Details
    • Value Estimation
      $250,000
      2,820 SF

      139 Prenatt St

      STORAGE YARD (JUNK, SALVAGE) • 2,820 SF
      139 Prenatt St, Buffalo, NY 14210
      View Details

    Similar Nearby for Sale

    • $490,000
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      Buffalo Warehouse - Seneca St.

      7,146 SF Warehouse, $490K
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    • $1,175,000
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      South Buffalo Industrial Property

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      19,000+ SF former cross dock facility on 11 acres.
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    • $3,300,000
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      Historic Buffalo Brewery - Redevelopment Opportunity

      Five-building industrial complex, 93,000 sq ft, vacant.
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    • $490,000
      7,146 SF

      Seneca Street Warehouse For Sale

      7,000 SF warehouse/distribution building near Babcock. Ideal for manufacturing.
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    Similar Nearby for Lease

    • $4 SF/Yr
      8,700 SF

      Industrial Warehouse Space in Buffalo

      8,700 SF warehouse space available for lease in Buffalo.
      20 Cornelia St, Buffalo, NY 14210
      View Details
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      3,013 SF

      Buffalo Warehouse with Mezzanine Office

      3,013 SF warehouse with office and convenient location.
      224 Elk St, Buffalo, NY 14210
      View Details
    • Contact for pricing
      10,608 SF

      Warehouse Space with Yard Access

      Warehouse space for lease with convenient highway access and yard.
      1728 Seneca St, Buffalo, NY 14210
      View Details
    • Contact for pricing
      24,860 SF

      Industrial Building with Cranes For Rent

      24,860 SF industrial building featuring cranes and easy highway access.
      343 Elk St, Buffalo, NY 14210
      View Details
    • $12 SF/Yr
      1,500 SF

      Retail Space on Seneca Street

      1500 SF retail space available for rent.
      2322 Seneca St, Buffalo, NY 14210
      View Details
    • $22 SF/Yr
      4,812 SF

      Office Space for Rent

      4,812 SF office space available with parking and highway access.
      3601 Seneca St, Buffalo, NY 14210
      View Details
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    1273 Seneca St
    Buffalo, NY 14210
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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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