Sign Up Successful!
You now have access to more from Realmo!
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

    1500 Clinton St Buffalo, NY 14206

    • Warehouses
    • 20,000 SF
    • 0.57 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Last Sale
    Nov 22, 2022
    $400,000
    Value Estimations
    $375,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4468860
    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

    • The Goodness Project / Non-Governmental Organization / Community Center
    • Nomel Arts / Art Gallery / Event Venue
    • Snowy Owl Arts & Tea House / Art Studio / Psychic
    • The Nickel Plate / Market
    • A1 Vending / Vending Machine Supplier

    Property Details for 1500 Clinton St

    Year built
    1930
    Lot size
    0.57 lot acres
    Property size
    20,000 SF
    Zone code
    D-IL
    Property type
    Warehouses
    APN
    140200 123.06-1-15.2
    APU
    140200123061152

    Description

    Five newly renovated retail and warehouse spaces totaling 12,460 square feet are available for lease within a single, three-story building situated on a four-acre lot at 1500 Clinton Street, Buffalo, NY 14206. This iconic building, located in the Clinton/Bailey business district, offers easy access to the Greater Buffalo Area. The property features ten loading docks and ample parking. Individual spaces range from a minimum of 1,100 square feet to a maximum contiguous space of 4,640 square feet. Ceiling heights are 12-13 feet. The building boasts 3-phase power and is zoned for commercial/industrial use. Built in 1929, the spaces feature open floor plans ideal for workshops or retail operations, benefiting from the synergy of other tenants within the Niagara Frontier Food Terminal. Most spaces are move-in ready, and the landlord is willing to customize spaces to meet tenant requirements. This property presents a unique opportunity to establish a business in a thriving, well-located area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $360,000
      ML approach
      $410,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $427,000
      Market price range: $325k - $1.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8213
    Latitude
    42.8741
    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
    $6,922
    $77,600
    $222,400
    $300,000
    -
    $110,857
    $317,714
    $428,571

    Comparable in this City

    • Value Estimation by Request
      248,991 SF

      40 Stanley St

      Distribution properties • 248,991 SF
      40 Stanley St, Buffalo, NY 14206
      View Details
    • Value Estimation
      $210,000
      0.10 Acres

      William St

      STORAGE YARD (JUNK, SALVAGE) • 0.10 Acres
      William St, Buffalo, NY 14206
      View Details
    • Value Estimation
      $240,000
      744 SF

      622 Bailey Old

      STORAGE YARD (JUNK, SALVAGE) • 744 SF
      622 Bailey Old, Buffalo, NY 14206
      View Details
    • Value Estimation
      $255,000
      2,304 SF

      102 Manitoba St

      WAREHOUSE, STORAGE • 2,304 SF
      102 Manitoba St, Buffalo, NY 14206-2942
      View Details
    • Value Estimation
      $190,000
      1,200 SF

      66 Hubbard St

      WAREHOUSE, STORAGE • 1,200 SF
      66 Hubbard St, Buffalo, NY 14206
      View Details
    • Value Estimation
      $245,000
      1,750 SF

      1111 Clinton St

      STORAGE YARD (JUNK, SALVAGE) • 1,750 SF
      1111 Clinton St, Buffalo, NY 14206
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • Contact for pricing
      150,000 SF

      Industrial Facility with Crane Capacity

      150,000+ sq ft industrial space with heavy crane capacity.
      25 Roberts Ave, Buffalo, NY 14206
      View Details
    • $1,200,000
      5.41 Acres

      Industrial Land in Buffalo, NY

      5.4-acre industrial parcel suitable for warehousing, distribution, or manufacturing.
      383 Babcock St, Buffalo, NY 14206
      View Details
    • $350,000

      Warehouse Space with Drive-In Parking

      33,000+/- SF warehouse with drive-in, loading dock, close to downtown.
      151 Adams St, Buffalo, NY 14206
      View Details
    • $429,900

      Warehouse in Niagara Frontier Terminal

      Two-story warehouse with showroom/retail space in historic Niagara Frontier.
      1500 Clinton St - Bldg, Buffalo, NY 14206
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      248,991 SF

      Prime Erie County Industrial Space

      150,000 SF Warehouse/Manufacturing Space Available
      40 Stanley St, Buffalo, NY 14206
      View Details
    • $9 SF/Yr
      120,000 SF

      Babcock Business Park Warehouses

      Buffalo South industrial space available.
      370 Babcock St, Buffalo, NY 14206
      View Details
    • Contact for pricing
      80,000 SF

      Clinton Street Warehouse Space

      80,000 sq ft warehouse space available for lease.
      1167 Clinton St, Buffalo, NY 14206
      View Details
    • Contact for pricing
      20,000 SF

      Versatile Space in Buffalo, NY

      Adaptable space suitable for office, retail, or warehouse use.
      652-698 S Ogden 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
    • $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
    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.
    1500 Clinton St
    Buffalo, NY 14206
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.