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

    2242 Genesee St Buffalo, NY 14211-1926

    • Investment properties
    • 1,476 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5540027
    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

    • Executive Clearance Electrolysis / Hair Salon / Skin Care Clinic

    Property Details for 2242 Genesee St

    Year built
    1940
    Lot size
    0.13 lot acres
    Property size
    1,476 SF
    Zone code
    N-3C
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    140200 101.27-5-17
    APU
    14020010127517

    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
    -78.8008
    Latitude
    42.9181
    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
    $146
    $5,300
    $22,700
    $28,000
    -
    $7,571
    $32,429
    $40,000

    Comparable in this City

    • Value Estimation by Request
      5,596 SF

      558 Delavan Ave

      STORE/OFFICE (MIXED USE) • 5,596 SF
      558 Delavan Ave, Buffalo, NY 14211
      View Details
    • Value Estimation by Request
      2,715 SF

      2028 Genesee St

      STORE/OFFICE (MIXED USE) • 2,715 SF
      2028 Genesee St, Buffalo, NY 14211-1906
      View Details
    • Value Estimation by Request
      2,933 SF

      2009 Genesee St

      STORE/OFFICE (MIXED USE) • 2,933 SF
      2009 Genesee St, Buffalo, NY 14211-1903
      View Details
    • Value Estimation by Request
      8,276 SF

      550 Delavan Ave

      STORE/OFFICE (MIXED USE) • 8,276 SF
      550 Delavan Ave, Buffalo, NY 14211
      View Details
    • Value Estimation by Request
      996 SF

      2021 Genesee St

      STORE/OFFICE (MIXED USE) • 996 SF
      2021 Genesee St, Buffalo, NY 14211-1936
      View Details
    • Value Estimation by Request
      2,058 SF

      1948 Genesee St

      STORE/OFFICE (MIXED USE) • 2,058 SF
      1948 Genesee St, Buffalo, NY 14211-1820
      View Details

    Similar Nearby for Sale

    • $329,000
      Pending

      Solid Brick Two-Unit Home

      Well-maintained, move-in-ready two-unit home ideal for investment or multi-generational living.
      1960 Genesee St, Buffalo, NY 14211
      View Details
    • $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
    • $600,000

      Mixed-Use Property with Apartment

      Mixed-use property featuring a business area and a 3-bedroom apartment.
      1236 Walden Ave, Cheektowaga, 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
    • $249,900

      Mixed-Use Multifamily Property

      Mixed-use multifamily property in Cheektowaga with income potential.
      1089 Walden Ave, Cheektowaga, NY 14211
      View Details
    • $498,000
      20,400 SF

      Manufacturing Facility with Apartment

      20,400 SF manufacturing facility with apartment and expansion potential.
      1336 Genesee St, Buffalo, NY 14211
      View Details

    Similar Nearby for Lease

    • $2,000 /Mo

      Specialty Property for Rent

      Specialty property available for rent.
      8555 Main St, Clarence, 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
    • $7 SF/Yr

      Gated Warehouse with Two Cranes

      Warehouse with gated yard, two cranes, and ample parking.
      318 Urban 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
    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.
    2242 Genesee St
    Buffalo, NY 14211-1926
    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.