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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1916 Genesee St Buffalo, NY 14211-1818

    • Auto shops
    • 1,668 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $205,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2625931
    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

    • H&N Auto Service / Auto Repair Shop

    Property Details for 1916 Genesee St

    Year built
    1948
    Lot size
    0.12 lot acres
    Property size
    1,668 SF
    Zone code
    N-3E
    Property type
    Auto shops
    APN
    140200 101.41-3-13
    APU
    14020010141313

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $157,000
      Market price range: $82.3k - $281k
      AI Estimate
      $162,000
      Market price range: $76.6k - $248k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $160,000
      Current use
      RETAIL STORES
      $240,000
      Change: +48% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $215,000
      Change: +33% Conversion: Difficult
      OFFICE BUILDING
      $195,000
      Change: +19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8112
    Latitude
    42.914
    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
    $260
    $5,400
    $44,600
    $50,000
    -
    $7,714
    $63,715
    $71,429

    Comparable in this City

    • Value Estimation
      $250,000
      2,704 SF

      60 Walden Ave

      AUTO REPAIR, GARAGE • 2,704 SF
      60 Walden Ave, Buffalo, NY 14211
      View Details
    • Value Estimation
      $200,000
      1,372 SF

      779 Genesee St

      AUTO REPAIR, GARAGE • 1,372 SF
      779 Genesee St, Buffalo, NY 14211-3144
      View Details
    • Value Estimation
      $260,000
      4,992 SF

      72 Walden Ave

      AUTO REPAIR, GARAGE • 4,992 SF
      72 Walden Ave, Buffalo, NY 14211-2220
      View Details
    • Value Estimation
      $70,000
      10,453 SF

      1001 Fry St

      AUTO REPAIR, GARAGE • 10,453 SF
      1001 Fry St, Buffalo, NY 14211-1409
      View Details
    • Value Estimation
      $345,000
      6,335 SF

      212 Leslie St

      AUTO REPAIR, GARAGE • 6,335 SF
      212 Leslie St, Buffalo, NY 14211
      View Details
    • Value Estimation
      $320,000
      5,000 SF

      6 Brinkman Ave

      AUTO REPAIR, GARAGE • 5,000 SF
      6 Brinkman Ave, Buffalo, NY 14211-2504
      View Details

    Similar Nearby for Sale

    • $250,000

      Functional Auto Garage on Corner

      Renovated 3-bay garage with excellent exposure and ample parking.
      917 Genesee St, Buffalo, NY 14211
      View Details
    • $100,000
      1,536 SF

      Machine Shop on Deep Lot

      1,536 SF building suitable for light manufacturing or auto repair.
      115 Barthel St, Buffalo, NY 14211
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    • $285,000
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      6000sf Fenced Industrial Building

      6000sf fenced industrial building on a large lot.
      229 French St, Buffalo, NY 14211
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    • $199,000
      6,100 SF

      Mixed-Use Building with Renovation Potential

      Five-unit mixed-use building with renovation and income growth potential.
      696 Genesee St, Buffalo, NY 14211
      View Details
    • $750,000

      Mixed-Use Property with Restaurant Space

      Mixed-use property featuring a restaurant and a four-bedroom apartment.
      1238 Walden Ave, Cheektowaga, NY 14211
      View Details
    • $629,900
      10,908 SF

      Turn-Key Restaurant with Warehouse

      Restaurant, renovated apartment, and warehouse for diverse income streams.
      898 Genesee St, Buffalo, NY 14211
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    Similar Nearby for Lease

    • $499,900
      5,012 SF

      Spacious Commercial Building, Buffalo, NY

      Versatile commercial building with parking, suitable for various businesses.
      1609 Genesee St, Buffalo, NY 14211
      View Details
    • $5,000 /Mo
      10,908 SF

      Turn-Key Restaurant and Warehouse

      Restaurant, renovated apartment, and warehouse for rent in Buffalo.
      898 Genesee St, Buffalo, NY 14211
      View Details
    • $3,500 /Mo

      Former Banquet Hall For Lease

      Former banquet hall available for lease with parking lot.
      279 Guilford St, Buffalo, NY 14211
      View Details
    • $8 SF/Yr
      4,860 SF

      Retail Space on Genesee Street

      Retail space available for lease in Buffalo, New York.
      1917 Genesee St, Buffalo, NY 14211
      View Details
    • Contact for pricing

      Renovated Retail Space on Fillmore

      Retail space available in high-traffic area, renovated in 2020.
      1251 Fillmore Ave, Buffalo, NY 14211
      View Details
    • $2,000 /Mo

      Specialty Property for Rent

      Specialty property available for rent.
      8555 Main St, Clarence, NY 14211
      View Details
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    1916 Genesee St
    Buffalo, NY 14211-1818
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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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