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

    297 Babcock St Buffalo, NY 14210

    • Manufacturing properties
    • 33,212 SF
    • 2.34 lot acres
    OFF-MARKET
    Last Sale
    Oct 06, 2022
    $675,000
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3591478
    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

    • Manufacturing properties

    Property Details for 297 Babcock St

    Year built
    1925
    Lot size
    2.34 lot acres
    Property size
    33,212 SF
    Zone code
    D-IL
    Property type
    Manufacturing properties
    APN
    140200 123.29-3-1.1
    APU
    14020012329311

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $605,000
      ML approach
      $890,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $422,000
      Market price range: $423k - $1.58M
      AI Estimate
      $472,000
      Market price range: $473k - $2.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8322
    Latitude
    42.8724
    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
    $1,507
    $147,400
    $142,600
    $290,000
    -
    $210,572
    $203,714
    $414,286

    Comparable in this City

    • Value Estimation
      $225,000
      5,830 SF

      594 Exchange St

      MANUFACTURING (LIGHT) • 5,830 SF
      594 Exchange St, Buffalo, NY 14210
      View Details
    • Value Estimation
      $305,000
      49,950 SF

      127 Fillmore Ave

      MANUFACTURING (LIGHT) • 49,950 SF
      127 Fillmore Ave, Buffalo, NY 14210-1235
      View Details
    • Value Estimation
      $655,000
      67,584 SF

      635 Park Ave

      MANUFACTURING (LIGHT) • 67,584 SF
      635 Park Ave, Buffalo, NY 14210-1339
      View Details
    • Value Estimation
      $230,000
      5,294 SF

      796 Exchange St

      MANUFACTURING (LIGHT) • 5,294 SF
      796 Exchange St, Buffalo, NY 14210
      View Details
    • Value Estimation
      $460,000
      476,852 SF

      500 Elk St

      MANUFACTURING (LIGHT) • 476,852 SF
      500 Elk St, Buffalo, NY 14210-2208
      View Details
    • Value Estimation
      $550,000
      105,799 SF

      1 Buffalo Riv Pl

      MANUFACTURING (LIGHT) • 105,799 SF
      1 Buffalo Riv Pl, Buffalo, NY 14210-2153
      View Details

    Similar Nearby for Sale

    • $490,000
      7,146 SF

      Buffalo Warehouse - Seneca St.

      7,146 SF Warehouse, $490K
      1273 Seneca St, Buffalo, NY 14210
      View Details
    • $490,000
      7,146 SF

      Seneca Street Warehouse For Sale

      7,000 SF warehouse/distribution building near Babcock. Ideal for manufacturing.
      1273 Seneca St, Buffalo, NY 14210
      View Details
    • Contact for pricing
      106,000 SF

      Industrial Property with Redevelopment Potential

      106,000 SF property suitable for industrial or residential/retail conversion.
      1 Buffalo River Pl, Buffalo, NY 14210
      View Details
    • $1,175,000
      90,648 SF

      South Buffalo Industrial Property

      90,648 SF Warehouse/Distribution Space
      635 Park Ave, Buffalo, NY 14210
      View Details
    • $399,000
      6,400 SF

      Warehouse with Office and Lot

      Warehouse with office building and adjacent corner lot for sale.
      772 Elk St, Buffalo, NY 14210
      View Details
    • Contact for pricing
      19,000 SF

      Industrial Land with Cross Dock

      19,000+ SF former cross dock facility on 11 acres.
      175 Katherine St, Buffalo, NY 14210
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,608 SF

      Warehouse Space with Yard Access

      Warehouse space for lease with convenient highway access and yard.
      1728 Seneca St, Buffalo, NY 14210
      View Details
    • Contact for pricing
      24,860 SF

      Industrial Building with Cranes For Rent

      24,860 SF industrial building featuring cranes and easy highway access.
      343 Elk St, Buffalo, NY 14210
      View Details
    • $4 SF/Yr
      8,700 SF

      Industrial Warehouse Space in Buffalo

      8,700 SF warehouse space available for lease in Buffalo.
      20 Cornelia St, Buffalo, NY 14210
      View Details
    • Contact for pricing
      3,013 SF

      Buffalo Warehouse with Mezzanine Office

      3,013 SF warehouse with office and convenient location.
      224 Elk St, Buffalo, NY 14210
      View Details
    • Contact for pricing
      840 SF

      Retail Space on Seneca Street

      840 sq ft retail space in South Buffalo.
      2178 Seneca St, Buffalo, NY 14210
      View Details
    • $12 SF/Yr
      1,500 SF

      Retail Space on Seneca Street

      1500 SF retail space available for rent.
      2322 Seneca St, Buffalo, NY 14210
      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.
    297 Babcock St
    Buffalo, NY 14210
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.