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392 Franklin St Buffalo, NY 14202

OFF-MARKET Investment properties Google Maps
13,290 SF 0.43 ac lot Built 1900
Entity Owned 4-yr Hold Free & Clear
Estimated value (blended)
$445k
Range $401k – $490k (±10%)
Property ID US63-1575123

Property summary

AI-generated overview

This exceptional 952-square-foot office space is located on the second floor of a two-story building at 392-394 Franklin Street in Buffalo, New York. Situated on a 0.43-acre lot at the prime intersection of Franklin and Edward Streets, this property benefits from a highly desirable location, bordering the Buffalo Niagara Medical Campus, Allentown, and Downtown Buffalo. The building, constructed in 1900, offers a traditional office setting with ample natural light. This specific unit is a walk-up space currently used as an aesthetician's office and includes two off-street parking spaces. The building is multi-tenant, housing a diverse mix of businesses including a carpet and flooring company, a law firm, a personal training facility, and other professional offices. An on-site property manager ensures efficient building operations. The monthly rent of $1,340 includes all utilities. The building's total square footage is 13,290, with 952 square feet currently vacant. The property is zoned N-2E and its APN is 140200-111-220-0009-009-100, located in Erie County. This presents a unique opportunity for a business seeking a well-located, functional office space in a thriving urban environment.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Total area 13,290 SF
Lot 0.43 ac (18,720 SF)
Zoning code N-2E
APN 140200 111.22-9-9.1
UPID US63-1575123

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$445k

Owner & transaction history

since 2021
2 recorded transactions
2025
Price N/A
2021
Price N/A

Zoning & alternative use

N-2E · Buffalo, NY
Zoning description

3.1.5 N-2E Mixed-Use Edge 3-7 3.1.6 N-2R Residential 3-8 3.1.7 N-3C Mixed-Use Center 3-9 3.1.8 N-3E Mixed-Use Edge 3-10 3.1.9 N-3R Residential 3-11 3.1.10 N-4-30 Single-Family 3-12 3.1.11 N-4-50 Single-Family 3-13 3.2 Bu…

General category MIXED_USE
Top alternative use upside
Neighborhood: shopping center $1.7M +5.6%
Restaurant $1.6M +0.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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