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    Buffalo, NY 14224
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    Property profile & analytics

    , Buffalo, NY 14224

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    • Investment properties
    • 7,452 SF
    • 0.46 lot acres
    For Sale
    $520,000
    View Listing →
    Mixed-Use Building with Apartments For Sale
    $520,000

    Mixed-Use Building with Apartments

    Multi-use building with office space and apartment units.

    Buffalo, NY 14224
    View Listing
    Property ID
    US63-0132014
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kim Rogers, LMHC / Counselor
    • Jacalyn Kelly, LCSWR / Psychotherapist
    • Jennifer Nahrebeski, LMHC / Counselor
    • Relax and Rejuvenate Salon and Spa / Hair Salon / Nail Salon

    Property Details

    Year built
    1969
    Lot size
    0.46 lot acres
    Zone code
    10
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    146800 134.20-2-29
    APU
    14680013420229

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 31, 2007 $540,000 Linc Realty Holdings LLC Mumford,donald Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $571,000
      Market price range: $349k - $1.11M
      AI Estimate
      $600,000
      Market price range: $437k - $1.11M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $755,000
      Current use
      AUTO REPAIR, GARAGE
      $725,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Seneca
    County
    Erie
    State
    New York
    Longitude
    -78.7534
    Latitude
    42.8349
    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
    $20,557
    $89,800
    $76,700
    $166,500
    -
    $345,385
    $295,000
    $640,385

    Comparable in this City

    • Value Estimation by Request
      5,154 SF

      5282 Seneca St

      OFFICE/RESIDENTIAL (MIXED USE)
      5282 Seneca St, Buffalo, NY 14224-3707
      View Details
    • Value Estimation by Request
      4,010 SF

      3865 Seneca St

      OFFICE/RESIDENTIAL (MIXED USE)
      3865 Seneca St, Buffalo, NY 14224-3408
      View Details
    • Value Estimation by Request
      1,675 SF

      485 Harlem Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      485 Harlem Rd, Buffalo, NY 14224-1148
      View Details
    • Value Estimation by Request
      3,292 SF

      3407 Clinton St

      OFFICE/RESIDENTIAL (MIXED USE)
      3407 Clinton St, Buffalo, NY 14224-1264
      View Details
    • Value Estimation by Request
      2,656 SF

      6 And W Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      6 And W Rd, Buffalo, NY 14224
      View Details
    • Value Estimation by Request
      3,448 SF

      814 Mineral Spgs Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      814 Mineral Spgs Rd, Buffalo, NY 14224-1088
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Building with Apartments

      Multi-use building with office space and apartment units.
      Buffalo, NY 14224
      View Details
    • New
      $425,000
      6,787 SF

      Mixed-Use Building with Retail Spaces

      Affordable mixed-use building with ample parking, featuring ground-floor commercial space and two second-floor apartments.
      2895 Seneca St, West Seneca, NY 14224
      View Details
    • New
      $425,000
      6,787 SF

      Mixed-Use Building in West Seneca

      Mixed-use building with commercial spaces and apartments, fully rented.
      2895 Seneca St, West Seneca, NY 14224
      View Details
    • $425,000

      Mixed-Use Building with Parking

      Two-story mixed-use property combines established retail space with two fully rented apartments.
      2895 Seneca St, West Seneca, NY 14224
      View Details
    • $485,000

      Harlem Road Mixed-Use Property

      Well-maintained building with apartments and office space for sale.
      735 Harlem Rd, West Seneca, NY 14224
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,495 SF

      West Seneca Medical Office Suites

      Medical office suites available for lease in West Seneca.
      550 Orchard Park Rd, West Seneca, NY 14224
      View Details
    • Contact for pricing

      Union Road Retail/Office Space

      Retail or office spaces available near Galleria Mall.
      2339 Union Rd, West Seneca, NY 14224
      View Details
    • $3 SF/Yr

      West Seneca Manufacturing/Warehouse Opportunity

      3.10 acre site with five buildings available for lease.
      1700 Union Rd, West Seneca, NY 14224
      View Details
    • Contact for pricing
      4,117 SF

      West Seneca Office/Medical/Retail Space

      Office, medical, or retail space available for rent.
      1900-1902 Ridge Rd, Buffalo, NY 14224
      View Details
    • Contact for pricing

      New Warehouse Space Available

      New warehouse space suitable for contractors and small businesses.
      356 Lein Rd, West Seneca, NY 14224
      View Details
    • Contact for pricing

      Corner Commercial Land For Rent

      Prime corner location with commercial zoning and development potential.
      1590 Southwestern Blvd, West Seneca, NY 14224
      View Details
    View Listing
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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.

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