Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    32 Laurel St Buffalo, NY 14209

    • Parking lots & garages
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2547900
    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

    • Parking lots & garages

    Property Details for 32 Laurel St

    Lot size
    0.04 lot acres
    Zone code
    N-2R
    Property type
    Parking lots & garages
    APN
    140200 100.48-6-35
    APU
    14020010048635

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8642
    Latitude
    42.9106
    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
    $68
    $1,800
    $11,200
    $13,000
    -
    $2,571
    $16,000
    $18,571

    Comparable in this City

    • Value Estimation
      $235,000
      2,636 SF

      1556 Main St

      PARKING GARAGE, PARKING STRUCTURE • 2,636 SF
      1556 Main St, Buffalo, NY 14209-1512
      View Details
    • Value Estimation
      $260,000
      8,029 SF

      79 Bryant St

      PARKING GARAGE, PARKING STRUCTURE • 8,029 SF
      79 Bryant St, Buffalo, NY 14209
      View Details
    • Value Estimation
      $230,000
      0.11 Acres

      1365 Delaware Ave

      PARKING LOT • 0.11 Acres
      1365 Delaware Ave, Buffalo, NY 14209
      View Details
    • Value Estimation
      $235,000
      1,512 SF

      47 Balcom St

      PARKING GARAGE, PARKING STRUCTURE • 1,512 SF
      47 Balcom St, Buffalo, NY 14209
      View Details
    • Value Estimation
      $675,000
      225,600 SF

      1277 Delaware Ave

      PARKING GARAGE, PARKING STRUCTURE • 225,600 SF
      1277 Delaware Ave, Buffalo, NY 14209
      View Details
    • Value Estimation
      $230,000
      0.10 Acres

      47 Linwood Ave

      PARKING GARAGE, PARKING STRUCTURE • 0.10 Acres
      47 Linwood Ave, Buffalo, NY 14209
      View Details

    Similar Nearby for Sale

    • $325,000
      1,793 SF

      Redevelopment Area Commercial Lot

      Commercial lot in prime redevelopment location with multiple options.
      1164 Michigan Ave, Buffalo, NY 14209
      View Details
    • $495,000

      Operating Car Wash Conversion Opportunity

      Operating car wash suitable for restaurant, retail, or office conversion.
      1582 Main St, Buffalo, NY 14209
      View Details
    • $749,000
      19,000 SF

      Auto Shop and Storage Building

      20,000 SF auto shop with redevelopment potential.
      1512 Main St, Buffalo, NY 14209
      View Details
    • $1,040,000
      10,061 SF

      Historic Buffalo Retail Investment

      Main Street gem: 10,061 SF retail space.
      1412 Main St, Buffalo, NY 14209
      View Details
    • $225,000
      4,785 SF

      Mixed-Use Income Property, Buffalo

      Mixed-use property with storefront and residential units in Buffalo.
      221 Masten Ave, Buffalo, NY 14209
      View Details
    • $254,900
      973 SF

      Modern Apartment with Panoramic Views

      Bright, updated apartment with open floorplan and inclusive HOA.
      849 Delaware Ave, Buffalo, NY 14209
      View Details

    Similar Nearby for Lease

    • $2,875 /Mo
      2,550 SF

      Versatile Garage Space in Buffalo

      2,550 sq. ft. garage space suitable for various uses.
      794 Potomac Ave, Buffalo, NY 14209
      View Details
    • $15 SF/Yr
      10,061 SF

      Prime Buffalo Retail Space

      Historic Main St. Restaurant/Retail
      1412 Main St, Buffalo, NY 14209
      View Details
    • $21 SF/Yr
      32,211 SF

      1115 Main St Office Space

      Prime Buffalo Medical Campus Office
      1115 Main Rd, Buffalo, NY 14209
      View Details
    • $4,500 /Mo
      6,500 SF

      Turnkey Restaurant Space in Allentown

      Fully furnished and equipped restaurant space for lease in Allentown.
      675 Delaware Ave, Buffalo, NY 14209
      View Details
    • $17 SF/Yr
      1,846 SF

      Renovated Freestanding Building Near Medical Campus

      Renovated office/retail space near medical campus and new apartments.
      1148 Michigan Ave, Buffalo, NY 14209
      View Details
    • $16 SF/Yr
      4,309 SF

      Ellicott Street Office Space Available

      Versatile Office Space, Prime Location
      969 Ellicott St, Buffalo, NY 14209
      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.
    32 Laurel St
    Buffalo, NY 14209
    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.