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

    2115 Clinton St Buffalo, NY 14206-3349

    • Bars
    • 3,977 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Oct 14, 2022
    $75,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3399330
    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

    • SC Lounge / Bar & Pub

    Property Details for 2115 Clinton St

    Year built
    1935
    Lot size
    0.09 lot acres
    Property size
    3,977 SF
    Zone code
    10
    Property type
    Bars
    Property subtype
    Pubs
    APN
    146800 123.35-2-2
    APU
    1468001233522

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.7982
    Latitude
    42.8715
    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
    $15,696
    $12,600
    $62,400
    $75,000
    -
    $48,462
    $240,000
    $288,462

    Comparable in this City

    • Value Estimation by Request
      4,960 SF

      2141 Clinton St

      BAR, TAVERN • 4,960 SF
      2141 Clinton St, Buffalo, NY 14206-3362
      View Details
    • Value Estimation by Request
      4,988 SF

      1748 Clinton St

      BAR, TAVERN • 4,988 SF
      1748 Clinton St, Buffalo, NY 14206-3151
      View Details
    • Value Estimation by Request
      1,340 SF

      647 Bailey Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,340 SF
      647 Bailey Ave, Buffalo, NY 14206-3002
      View Details
    • Value Estimation by Request
      1,296 SF

      2195 Clinton St

      RESTAURANT • 1,296 SF
      2195 Clinton St, Buffalo, NY 14206-3429
      View Details
    • Value Estimation by Request
      2,072 SF

      1137 Bailey Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,072 SF
      1137 Bailey Ave, Buffalo, NY 14206-1324
      View Details
    • Value Estimation by Request
      1,298 SF

      900 William St

      RESTAURANT • 1,298 SF
      900 William St, Buffalo, NY 14206-1727
      View Details

    Similar Nearby for Sale

    • $129,000
      2,729 SF

      Kaisertown Mixed-Use Opportunity

      Mixed-use property with bar/restaurant, apartment, and garage.
      71 Weiss St, Buffalo, NY 14206
      View Details
    • Contact for pricing

      Former Bar & Apartment Building

      Turn-key business opportunity near downtown Buffalo with living quarters.
      1048 Clinton St, Buffalo, NY 14206
      View Details
    • $189,900

      Historic Bar with Income Potential

      Turn-key bar with apartment in historic Polonia District.
      68 Memorial Dr, Buffalo, NY 14206
      View Details
    • Contact for pricing

      Profitable Business Opportunity For Sale

      Successful business for sale, includes equipment, high-traffic corner location.
      1245 Bailey Ave, Buffalo, NY 14206
      View Details
    • $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
    • $725,000

      Multipurpose Campus in Buffalo, NY

      A versatile campus suitable for various community-focused ventures.
      115 Gold St, Buffalo, NY 14206
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Versatile Warehouse and Office Spaces

      Multiple spaces available for warehouse, retail, and office use.
      1400 William St, Buffalo, NY 14206
      View Details
    • $3,000 /Mo

      Versatile Space with Apartment

      5293 sqft space with parking and a 3-bedroom apartment.
      1122 E Lovejoy St, Buffalo, NY 14206
      View Details
    • Contact for pricing

      Former Car Dealership For Rent

      Former car dealership ideal for retail, garage, warehouse, or storage.
      1255 Bailey Ave, Buffalo, NY 14206
      View Details
    • Contact for pricing

      Established Hardware Store with Storage

      Retail space with apartment and storage in Buffalo, NY.
      2415 William St, Buffalo, NY 14206
      View Details
    • Contact for pricing
      8,338 SF

      Former Family Dollar Retail Space

      8,338 SF retail space with ample parking.
      1029-1031 Clinton St, Buffalo, NY 14206
      View Details
    • $2,495 /Mo

      Retail Space Sub-Lease Opportunity

      Retail space available for sub-lease in Buffalo, NY.
      1680 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.
    2115 Clinton St
    Buffalo, NY 14206-3349
    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.