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    175 Rano St Buffalo, NY 14207
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    175 Rano St Buffalo, NY 14207

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    • Manufacturing properties
    • 67,236 SF
    • 1.30 lot acres
    For Sale
    View Listing →
    175 Rano Street, Buffalo, NY 14207 For Sale
    Contact for pricing
    91,484 SF

    175 Rano Street, Buffalo, NY 14207

    Former Chase Bag Complex in Buffalo's Black Rock-Riverside neighborhood.

    175 Rano St, Buffalo, NY 14207
    View Listing
    Property ID
    US63-3489905
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Frantisi USA / Big Box & Wholesale Store
    • Takeover Jiu Jitsu / Training Center / Sports School
    • El Batey Puerto Rican Center / Cultural Center
    • Amherst Media / Publishing House

    Property Details for 175 Rano St

    Year built
    1850
    Lot size
    1.30 lot acres
    Property size
    67,236 SF
    Zone code
    D-IL
    Property type
    Manufacturing properties
    APN
    140200 77.66-2-1
    APU
    140200776621

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $580,000
      Market price range: $430k - $1.37M

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8969
    Latitude
    42.9493
    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
    2023
    $2,411
    $45,400
    $418,600
    $464,000
    -
    $64,857
    $598,000
    $662,857

    Comparable in this City

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      67 Seabrook St

      MANUFACTURING (LIGHT) • 12,173 SF
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      5,087 SF

      99 Chandler St

      MANUFACTURING (LIGHT) • 5,087 SF
      99 Chandler St, Buffalo, NY 14207-2403
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      2,850 SF

      390 Military Rd

      MANUFACTURING (LIGHT) • 2,850 SF
      390 Military Rd, Buffalo, NY 14207
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    • Value Estimation by Request
      14,300 SF

      207 Chandler St

      MANUFACTURING (LIGHT) • 14,300 SF
      207 Chandler St, Buffalo, NY 14207-2405
      View Details
    • Value Estimation by Request
      13,980 SF

      195 Rano St

      MANUFACTURING (LIGHT) • 13,980 SF
      195 Rano St, Buffalo, NY 14207
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      91,484 SF

      Rano Street Redevelopment Opportunity

      Former Chase Bag Complex in Buffalo's Black Rock-Riverside neighborhood.
      175 Rano St, Buffalo, NY 14207
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    • $550,000

      Manufacturing/Warehouse with Office Space

      26,409 SF building with manufacturing, warehouse, and office space.
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      Tonawanda Street Retail/Warehouse Opportunity

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      Single Story Brick Warehouse For Sale

      Single-story brick warehouse in an up-and-coming area with redevelopment potential.
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    Similar Nearby for Lease

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      23,300 SF

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      NY, Buffalo - Chandler St

      Workspaces, services and support to help you grow your business in NY, Buffalo - Chandler St
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      Renovated Warehouse with Office Potential

      Lease 30,000+/- SF warehouse near downtown Buffalo.
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    • $6 SF/Yr
      29,129 SF

      Buffalo Office and Warehouse Space

      Office and warehouse space available in a prime location.
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      18,582 SF

      Industrial Space Near Peace Bridge

      Industrial space for rent, proximate to Canadian bridges.
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      View Details
    View Listing
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    175 Rano St
    Buffalo, NY 14207
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    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
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