Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    343 Broadway St Buffalo, NY 14204

    • Manufacturing properties
    • 37,906 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    $510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3087493
    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

    • Uzo 1 International Ltd / Distribution Center / Logistics Company

    Property Details for 343 Broadway St

    Year built
    1900
    Lot size
    0.25 lot acres
    Property size
    37,906 SF
    Zone code
    N-3C
    Property type
    Manufacturing properties
    APN
    140200 111.48-6-1
    APU
    1402001114861

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $570,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $482,000
      Market price range: $483k - $1.81M
      AI Estimate
      $478,000
      Market price range: $479k - $1.14M

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8605
    Latitude
    42.8879
    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
    $780
    $17,300
    $132,700
    $150,000
    -
    $24,714
    $189,572
    $214,286

    Comparable in this City

    • Value Estimation by Request
      10,170 SF

      389 Broadway St

      MANUFACTURING (LIGHT) • 10,170 SF
      389 Broadway St, Buffalo, NY 14204-1549
      View Details
    • Value Estimation by Request
      11,706 SF

      299 Jefferson Ave

      MANUFACTURING (LIGHT) • 11,706 SF
      299 Jefferson Ave, Buffalo, NY 14204-1823
      View Details
    • Value Estimation by Request
      3,720 SF

      291 Chicago St

      MANUFACTURING (LIGHT) • 3,720 SF
      291 Chicago St, Buffalo, NY 14204
      View Details
    • Value Estimation by Request
      2,796 SF

      1035 Jefferson Ave

      MANUFACTURING (LIGHT) • 2,796 SF
      1035 Jefferson Ave, Buffalo, NY 14204
      View Details
    • Value Estimation by Request
      8,162 SF

      344 Sycamore St

      MANUFACTURING (LIGHT) • 8,162 SF
      344 Sycamore St, Buffalo, NY 14204-1618
      View Details
    • Value Estimation by Request
      12,702 SF

      103 Sycamore St

      MANUFACTURING (LIGHT) • 12,702 SF
      103 Sycamore St, Buffalo, NY 14204
      View Details

    Similar Nearby for Sale

    • $755,000
      12,560 SF

      Downtown Warehouse with Highway Access

      Two-story warehouse with convenient access to major highways.
      118 Michigan Ave, Buffalo, NY 14204
      View Details
    • Contact for pricing
      32,232 SF

      Prime Buffalo Warehouse Space

      32,232 SF Warehouse - Ideal Location
      300 Genesee St, Buffalo, NY 14204
      View Details
    • $755,000
      12,560 SF

      Downtown Buffalo Warehouse - Prime Location

      Spacious warehouse, ideal for various uses.
      118 Michigan Ave, Buffalo, NY 14204
      View Details
    • $264,900
      4,600 SF

      Hickory Street Warehouse Investment

      Buffalo Warehouse: 4,600 SF, 2 Units
      249 Hickory St, Buffalo, NY 14204
      View Details
    • $264,900
      4,600 SF

      Hickory Street Flex Space Available

      Flex space property with two units, each 2300 square feet.
      249 Hickory St, Buffalo, NY 14204
      View Details
    • $299,000
      9,080 SF

      Broadway Street Warehouse Opportunity

      9,080 SF Warehouse, Redevelopment Potential
      433 Broadway St, Buffalo, NY 14204
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      46,110 SF

      222 Chicago St: Industrial Spaces

      Buffalo Warehouse/Office/Flex Space Available
      222 Chicago St, Buffalo, NY 14204
      View Details
    • $12 SF/Yr
      150,000 SF

      Compass East Executive Suites

      Premium Buffalo Office Space Available
      425 Michigan Ave, Buffalo, NY 14204
      View Details
    • Contact for pricing
      8,384 SF

      Contemporary Loft Office Space

      8,384 sq ft loft with river views and amenities.
      301 Ohio St, Buffalo, NY 14204
      View Details
    • Contact for pricing

      Shovel-Ready Land in Cobblestone District

      One acre of land in Buffalo's thriving Cobblestone District.
      142 Perry St, Buffalo, NY 14204
      View Details
    • Contact for pricing

      Turn-Key Restaurant in Downtown Buffalo

      Sub-leasable, fully equipped restaurant with seating for 120.
      500 Seneca St, Buffalo, NY 14204
      View Details
    • $12 SF/Yr
      30,000 SF

      225 Louisiana St

      Restaurants • 30,000 SF
      225 Louisiana St, Buffalo, NY 14204
      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.
    343 Broadway St
    Buffalo, NY 14204
    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!