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    Property profile & analytics

    3252 Harlem Rd Buffalo, NY 14225

    • Retail space
    • 2,345 SF
    • 0.38 lot acres
    OFF-MARKET
    Last Sale
    Jul 29, 2020
    $187,000
    Value Estimations
    $170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3202718
    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

    • Retail space

    Property Details for 3252 Harlem Rd

    Year built
    1964
    Lot size
    0.38 lot acres
    Property size
    2,345 SF
    Zone code
    05C
    Property type
    Retail space
    APN
    143089 91.00-1-2.11
    APU
    14308991001211

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $170,000
      ML approach
      $180,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $270,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.7846
    Latitude
    42.9324
    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
    $0.00
    $71,000
    $149,000
    $220,000
    -
    $78,022
    $163,736
    $241,758

    Comparable in this City

    • Value Estimation
      $250,000
      16,444 SF

      2320 Genesee St

      RETAIL STORES (PERSONAL SERVICES) • 16,444 SF
      2320 Genesee St, Buffalo, NY 14225-2821
      View Details
    • Value Estimation
      $210,000
      15,120 SF

      578 Duke Rd

      RETAIL STORES (PERSONAL SERVICES) • 15,120 SF
      578 Duke Rd, Buffalo, NY 14225
      View Details
    • Value Estimation
      $135,000
      11,156 SF

      2861 Harlem Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,156 SF
      2861 Harlem Rd, Buffalo, NY 14225-3038
      View Details
    • Value Estimation
      $230,000
      9,608 SF

      4230 Un Rd, Unit 4236

      RETAIL STORES (PERSONAL SERVICES) • 9,608 SF
      4230 Un Rd, Buffalo, NY 14225-5044
      View Details
    • Value Estimation
      $2,335,000
      11,421 SF

      2401 Genesee St

      RETAIL STORES (PERSONAL SERVICES) • 11,421 SF
      2401 Genesee St, Buffalo, NY 14225-2805
      View Details
    • Value Estimation
      $375,000
      21,000 SF

      2535 Walden Ave

      RETAIL STORES (PERSONAL SERVICES) • 21,000 SF
      2535 Walden Ave, Cheektowaga, NY 14225-4737
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Harlem Road Retail/Office Opportunity

      Retail or office space available for sale or lease.
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      Freestanding mixed-use building with retail and residential units.
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      Commercial Building on George Urban

      Well-maintained commercial building suitable for various business uses.
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      Retail Building with Apartment Units

      Former T-Mobile building with apartments near Walden Galleria Mall.
      1593 Walden Ave, Buffalo, NY 14225
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    • $195,000
      4,100 SF

      Corner Retail/Manufacturing Space Available

      Retail or light manufacturing space in a high-traffic location.
      3509 Genesee St, Cheektowaga, NY 14225
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    • $2,607,021
      11,421 SF

      Rite Aid NNN Investment

      NNN leased Rite Aid in Cheektowaga, New York.
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    Similar Nearby for Lease

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      Prime Retail/Office Space Available

      Highly visible retail/office space in Cheektowaga, near airport.
      2521 Walden Ave, Cheektowaga, NY 14225
      View Details
    • $175,000
      870 SF

      Genesee Street Retail/Manufacturing Space

      Retail or light manufacturing space available for rent.
      3509 Genesee St, Buffalo, NY 14225
      View Details
    • $16 SF/Yr
      1,500 SF

      Retail Space Available For Lease

      Former salon and convenience store spaces available for lease.
      3031-3035 Genesee St, Buffalo, NY 14225
      View Details
    • $750 /Mo

      Union Road Retail/Office Space Available

      Retail and office spaces available for lease on Union Road.
      3800 Union Rd, Buffalo, NY 14225
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    • $8 SF/Yr
      1,500 SF

      Suburban Retail and Auto Space

      Retail and auto space in a solid suburban neighborhood.
      530 Dick Rd, Buffalo, NY 14225
      View Details
    • Contact for pricing
      5,068 SF

      Walden Avenue Retail Space Available

      5,068 SF retail space with high visibility and ample parking.
      2521 Walden Ave, Buffalo, NY 14225
      View Details
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    3252 Harlem Rd
    Buffalo, NY 14225
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    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
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