150 Essjay Rd Buffalo, NY 14221
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.
-
Jaffri Tahir Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.