Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1493 William St Buffalo, NY 14206-1807

    • Auto shops
    • 8,645 SF
    • 1.24 lot acres
    OFF-MARKET
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6240275
    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

    • Auto shops

    Property Details for 1493 William St

    Year built
    1962
    Lot size
    1.24 lot acres
    Property size
    8,645 SF
    Zone code
    D-IL
    Property type
    Auto shops
    APN
    140200 112.14-2-10
    APU
    14020011214210

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $847,000
      Market price range: $427k - $1.45M
      AI Estimate
      $736,000
      Market price range: $285k - $1.13M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $840,000
      Current use
      RETAIL STORES
      $1,240,000
      Change: +48% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,120,000
      Change: +33% Conversion: Difficult
      RESTAURANT
      $1,070,000
      Change: +27% Conversion: Difficult
      OFFICE BUILDING
      $1,005,000
      Change: +19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.815
    Latitude
    42.8844
    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
    $1,741
    $143,000
    $192,000
    $335,000
    -
    $204,286
    $274,285
    $478,571

    Comparable in this City

    • Value Estimation by Request
      3,396 SF

      665 Bailey Ave

      AUTO REPAIR, GARAGE • 3,396 SF
      665 Bailey Ave, Buffalo, NY 14206-3002
      View Details
    • Value Estimation by Request
      3,332 SF

      226 Central Ave

      AUTO REPAIR, GARAGE • 3,332 SF
      226 Central Ave, Buffalo, NY 14206-1006
      View Details
    • Value Estimation by Request
      1,696 SF

      1290 Bailey Ave

      AUTO REPAIR, GARAGE • 1,696 SF
      1290 Bailey Ave, Buffalo, NY 14206-1302
      View Details
    • Value Estimation by Request
      1,763 SF

      795 Bailey Ave

      AUTO REPAIR, GARAGE • 1,763 SF
      795 Bailey Ave, Buffalo, NY 14206-3020
      View Details
    • Value Estimation by Request
      2,400 SF

      222 Central Ave

      AUTO REPAIR, GARAGE • 2,400 SF
      222 Central Ave, Buffalo, NY 14206
      View Details
    • Value Estimation
      $1,375,000
      9,200 SF

      1615 William St

      AUTO REPAIR, GARAGE • 9,200 SF
      1615 William St, Buffalo, NY 14206-1345
      View Details

    Similar Nearby for Sale

    • $329,900

      Auto Garage on Corner Lot

      Auto garage with lifts, tools, and ample parking included.
      1270 Harlem Rd, Cheektowaga, NY 14206
      View Details
    • $324,900

      Kaisertown Auto Repair Shop Investment

      Auto repair shop with lease in place for steady income.
      2085 Clinton St, West Seneca, NY 14206
      View Details
    • $2,000,000

      Truck Maintenance Warehouse For Sale

      Warehouse suitable for truck/auto repair or manufacturing with highway visibility.
      271 Dingens St, Buffalo, NY 14206
      View Details
    • Contact for pricing

      Former Bar & Apartment Building

      Turn-key business opportunity near downtown Buffalo with living quarters.
      1048 Clinton St, Buffalo, NY 14206
      View Details
    • $250,000

      Commercial Warehouse Near NYS Thruway

      Commercial warehouse with fenced yard, suitable for contractor or automotive.
      250 Central Ave, Buffalo, NY 14206
      View Details
    • $1,700,000
      18,000 SF

      Mixed-Use Property in Buffalo, NY

      Warehouse, office, and restaurant spaces available for sale.
      1285 William St, Buffalo, NY 14206
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Car Dealership For Rent

      Former car dealership ideal for retail, garage, warehouse, or storage.
      1255 Bailey Ave, Buffalo, NY 14206
      View Details
    • $3,000 /Mo

      Versatile Space with Apartment

      5293 sqft space with parking and a 3-bedroom apartment.
      1122 E Lovejoy St, Buffalo, NY 14206
      View Details
    • Contact for pricing
      8,338 SF

      Prime Buffalo Retail Space Sublease

      8,338 SF retail space, high visibility location.
      1031 Clinton St, Buffalo, NY 14206
      View Details
    • $10 SF/Yr
      12,460 SF

      Buffalo Flex Space: 5 Units Available

      Newly renovated warehouse/retail spaces in prime Buffalo location.
      1500 Clinton St, Buffalo, NY 14206
      View Details
    • Contact for pricing

      Adaptable Retail/Warehouse Space Available Now

      20,000-30,000 SF spaces suitable for retail, office, or warehouse.
      652 S Ogden St, Buffalo, NY 14206
      View Details
    • $900 /Mo

      Renovated Retail Space in Buffalo

      Iconic building with renovated spaces, ideal for retail businesses.
      1500 Clinton St, Buffalo, NY 14206
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1493 William St
    Buffalo, NY 14206-1807
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!