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155 Chandler St Buffalo, NY 14207

Investment properties Google Maps
93,359 SF 1.97 ac lot Built 1920
Entity Owned 9-yr Hold Free & Clear
Estimated value (blended)
$915k
Range $824k – $1.01M (±10%)
Property ID US63-2777423

Property summary

AI-generated overview

This prime Buffalo, NY office space at 155 Chandler St., in Erie County, offers a diverse range of flexible work solutions. The property caters to various business needs, providing traditional office suites, executive offices, coworking spaces, medical offices, and creative office environments. Tenancy is multiple, allowing for a variety of lease options to suit different company sizes and structures. Businesses can choose from fully furnished and equipped private offices, scalable from single-person setups to large corporate spaces, including custom design options and disaster recovery solutions. Additionally, the location provides coworking areas, offering both dedicated desks and hot-desking arrangements. A comprehensive suite of meeting rooms is available, ranging from informal chat spaces to facilities suitable for presentations, training sessions, interviews, board meetings, and conferences. Virtual office options are also provided, including prestigious business addresses, mail handling, and virtual assistant services, with varying levels of access to physical office space. Flexible working plans offer access to a global network of workspaces, providing options for 5, 10, or unlimited days of access per month to private offices or coworking spaces. This property presents a unique opportunity for businesses seeking adaptable and modern work environments in a central Buffalo location. The zip code is 14207.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 93,359 SF
Lot 1.97 ac (85,813 SF)
Zoning code D-IL
APN 140200 77.84-1-4
UPID US63-2777423

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
  • Bar & Pub
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Medical Group

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.58M
Blend (final) Blend
$915k

Owner & transaction history

since 2017
5 recorded transactions
2017
Price N/A
2017
$591,000
2017
$591,000
2005
Price N/A
1969
Price N/A

Zoning & alternative use

D-IL · Buffalo, NY
Zoning description

D-R, D-M, D-E, D-S, D-C, D-IL, D-IH, D-OS, D-OG, D-ON, C-R C-W-100 TABLE 5A: WATERFRONT YARDS DECEMBER 2016 CITY OF BUFFALO | CHAPTER 496, UNIFIED DEVELOPMENT ORDINANCE CORRIDOR ZONES | 5-9 where it finds that developmen…

General category MIXED_USE
Top alternative use upside
Retail stores $13.4M +152.3%
Neighborhood: shopping center $12.1M +128.0%
Restaurant $11.6M +117.5%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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