Add Listing
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

    341 Delaware Ave Buffalo, NY 14202-1871

    • Theaters & concert halls
    • 24,048 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2924606
    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

    • Buffalo Chamber Players / Charitable Organization / Social Service Agency
    • Hallwalls Contemporary Arts Center / Theater & Performing Art Venue
    • Righteous Babe Records Inc / Employment Agency / Advocacy Group
    • Buffalo String Works / Charitable Organization / Social Service Agency
    • Babeville / Music Venue / Bar & Pub

    Property Details for 341 Delaware Ave

    Year built
    1871
    Lot size
    0.40 lot acres
    Property size
    24,048 SF
    Zone code
    N-1C
    Property type
    Theaters & concert halls
    APN
    140200 111.30-7-5
    APU
    1402001113075

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $735,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $795,000
      WAREHOUSE, STORAGE
      $785,000
      MEDICAL BUILDING
      $700,000
      OFFICE BUILDING
      $670,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8753
    Latitude
    42.8937
    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
    2019
    $269,200
    $198,300
    $3,501,700
    $3,700,000
    -
    $283,286
    $5,002,428
    $5,285,714

    Comparable in this City

    • Value Estimation
      $515,000
      21,069 SF

      710 Main St

      THEATER (MOVIE) • 21,069 SF
      710 Main St, Buffalo, NY 14202-1915
      View Details
    • Value Estimation
      $570,000
      30,225 SF

      664 Main St

      THEATER (MOVIE) • 30,225 SF
      664 Main St, Buffalo, NY 14202
      View Details
    • Value Estimation
      $740,000
      38,430 SF

      642 Main St

      THEATER (MOVIE) • 38,430 SF
      642 Main St, Buffalo, NY 14202
      View Details
    • Value Estimation
      $910,000
      188,610 SF

      153 Franklin St

      AUDITORIUM • 188,610 SF
      153 Franklin St, Buffalo, NY 14202
      View Details
    • Value Estimation by Request
      21,488 SF

      650 Main St

      THEATER (MOVIE) • 21,488 SF
      650 Main St, Buffalo, NY 14202
      View Details
    • Value Estimation
      $8,520,000
      256,296 SF

      130 Main St

      SKATING RINK, ICE SKATING, ROLLER SKATING • 256,296 SF
      130 Main St, Buffalo, NY 14202-4103
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,300 SF

      Delaware Avenue Office Space Available

      Office space with amenities in Buffalo, NY for rent.
      69 Delaware Ave, Buffalo, NY 14202
      View Details
    • Contact for pricing
      4,088 SF

      Prime Downtown Restaurant/Nightclub Opportunity

      Iconic brick building suitable for restaurant, banquet, or nightclub.
      492 Pearl St, Buffalo, NY 14202
      View Details
    • $449,000
      3,561 SF

      Furnished Office Suite in Buffalo

      Move-in ready office suite in Buffalo's Central Business District.
      33 Franklin St, Buffalo, NY 14202
      View Details
    • Contact for pricing
      65,092 SF

      Downtown Buffalo Freestanding Building

      Three-story building in Buffalo's Central Business District.
      180 Franklin St, Buffalo, NY 14202
      View Details
    • Contact for pricing
      30,150 SF

      Buffalo Office Building Investment Opportunity

      30,150 SF building in downtown Buffalo, NY for sale.
      374 Delaware Ave, Buffalo, NY 14202
      View Details
    • Contact for pricing
      6,500 SF

      Turn-Key Office Building on Delaware

      Prestigious office building with parking, ideal for professional services.
      427-443 Delaware Ave, Buffalo, NY 14202
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      233,121 SF

      LEED Silver Office Building

      Office spaces for lease with lake and downtown views.
      257 West Genesee St, Buffalo, NY 14202
      View Details
    • $15 SF/Yr
      1,200 SF

      Elmwood Avenue Second Floor Office

      Second floor office space available in Elmwood Village.
      423-425 Elmwood Ave, Buffalo, NY 14202
      View Details
    • Contact for pricing
      22,533 SF

      Delaware Avenue Office Space Available

      Up to 22,533 SF office space for rent.
      130-138 Delaware Ave, Buffalo, NY 14202
      View Details
    • $14 SF/Yr
      952 SF

      952 Sq. Ft. Office Space

      Second-floor office space in prime Buffalo location for rent.
      392-394 Franklin St, Buffalo, NY 14202
      View Details
    • Contact for pricing

      Buffalo CBD Office Space Available

      Office spaces for rent in the heart of Buffalo's CBD.
      135 Delaware Ave, Buffalo, NY 14202
      View Details
    • Contact for pricing

      Downtown Office or Event Space

      Second-floor office/event space with high ceilings and wood floors.
      318-320 Pearl St, Buffalo, NY 14202
      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.
    341 Delaware Ave
    Buffalo, NY 14202-1871
    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.
    Sign Up Successful!
    You now have access to more from Realmo!