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Property profile & analytics
OFF-MARKET Estimated value $3,685,000
Office buildings

150 Essjay Rd Buffalo, NY 14221

34,702 SF 2.27 ac lot Built 1978
Entity Owned ~ Est. High Equity
Property ID
US63-2306242
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Jaffri Tahir Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.69M
Owner & transaction history
Rebelove LLC
Rebelove LLC
since 2025
Last sale
$3.5M
3 recorded transactions
2025
$3.5M
2011
$3.4M
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $5.3M +8.7%
Retail stores $5.0M +2.0%
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