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Property profile & analytics
FOR LEASE
Automotive properties
271 Dingens St, Buffalo, NY 14206
Entity Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-0228575
For Lease
1 / 8
$9 SF/Yr
271 Dingens St, Buffalo, NY 14206
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Property summary
AI-generated overview
This exceptional 25,676-square-foot industrial warehouse, located at 271 Dingens St in Buffalo, NY, presents a significant opportunity. Situated on a 3.5-acre lot in Erie County, this single-tenant property offers ample space for a variety of businesses. Built in 1960, the building is classified as Class C and boasts a 16-foot ceiling height, providing excellent vertical clearance. The property features 14 dock-high doors, ensuring efficient loading and unloading operations. Currently entirely vacant, this warehouse is ready for immediate occupancy. Its versatile design makes it suitable for a range of uses, including truck/bus/vehicle maintenance facilities or manufacturing/distribution operations. The property's size and location in Buffalo, NY, zip code 14206, offer excellent access to major transportation routes, making it an attractive option for businesses seeking a strategic location within the region. The entire 25,676 square feet is available for lease. This presents a rare opportunity to secure a substantial industrial space in a prime location.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1960
Total area
25,676 SF
Lot
3.5 ac (152,460 SF)
Zoning code
D-IL
APN
140200 112.19-2-4.1
UPID
US63-0228575
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Carvana Buffalo Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.14M
Blend (final)
Blend
$2.00M
Owner & transaction history
Ketch Court LLC · 22 yrs held
Ketch Court LLC
since 2004
1 recorded transaction
Zoning & alternative use
D-IL · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+27.2%
Office building
$3.0M
+19.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Buffalo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buffalo submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,500,000
Current use
RESTAURANT
$3,180,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$2,980,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$78 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,391
Tax year 2023
Assessed value
$845,000
Assessed 2023
Previous assessed
$845,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$185,100
Assessed improvement
$659,900
Land market value
$264,429
Improvement market value
$942,714
Total market value
$1,207,143
Applied tax rate
140,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Lease
Year built
1960
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
25,676 SF
Lot
3.5 ac (152,460 SF)
Zoning code
D-IL
APN
140200 112.19-2-4.1
UPID
US63-0228575
Jurisdiction
ERIE
Zoning & alternative use
D-IL · Buffalo, NY
Zoning D-IL · permitted uses
D-IL · Buffalo, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Buffalo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.5M
RESTAURANT
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.0M
AUTO REPAIR, GARAGE Current
RESTAURANT
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
3.5 ac
Current owner
From public records · entity-resolved
Ketch Court LLC
Entity
Free & Clear · 22 yrs held
Mailing address
1313 5TH AVE N STE #3, NASHVILLE, TN 37208-3295
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2004
—
Ketch Court LLC
271 Dingens Street LLC
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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