Property profile

150 Essjay Rd Buffalo, NY 14221

OFF-MARKET
Office buildings
Property ID
US63-2306242
34,702 SF 2.27 ac lot Built 1978
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A office building, located at 150 Essjay Road in Buffalo, New York, presents a compelling investment opportunity. Boasting 34,702 square feet of net rentable space spread across two stories, this property is situated on a 2.27-acre lot within the desirable Centerpointe Corporate Park. Built in 1978 and extensively renovated between 2011 and 2023, the building benefits from significant capital improvements. These upgrades include a new public water main, a state-of-the-art HVAC system featuring a 70-ton Evapco cooling tower, and a complete conversion to energy-efficient LED lighting (2021). Further enhancements encompass updated sprinkler systems, smoke and heat detectors, a new roof hatch, and a dedicated mailroom with a 42-inch exterior access door. The ample parking lot, accommodating 134 vehicles, was recently sealed and restriped in 2023. The property is zoned OB - Office Building District and enjoys a park-like setting with over 100 neighboring businesses, offering immediate access to shopping and dining amenities. The asking price is $4,900,000, translating to $141.20 per square foot. This meticulously maintained building offers a rare combination of modern amenities and a convenient location, making it an ideal investment for discerning buyers.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Total area 34,702 SF
Lot 2.27 ac (98,881 SF)
APN 142289 69.14-5-5
UPID US63-2306242

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency

Location

150 Essjay Rd Buffalo, NY 14221
Buffalo metro Census 9602 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$470k

Owner & transaction history

since 2025
Last sale
$3.5M
3 recorded transactions
2025
$3.5M
2011
$3.4M
2006
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $5.3M +8.7%
Retail stores $5.0M +2.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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