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Property profile & analytics

423 Elmwood Ave Buffalo, NY 14222

  • Investment properties
  • 4,000 SF
  • 0.11 lot acres
For Lease
Last Sale
Dec 12, 2022
$635,000
Value Estimations
$660,000
Cap Rate Potential
6.3%
Investment properties
Location Intelligence
Property ID
US63-1896685
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

  • A Taste of Soul The Hashery / Soul Food Restaurant
  • MD Link / Market Researcher / Advertising Service

Property Details for 423 Elmwood Ave

Year built
1920
Lot size
0.11 lot acres
Property size
4,000 SF
Zone code
N-2C
Property type
Investment properties
Property subtype
Live-work space
APN
140200 100.54-1-44
APU
14020010054144

Description

This exceptional 1,200 square foot executive office suite is immediately available for lease at 423 Elmwood Avenue in Buffalo, New York. Located on the second floor of a Class B building (4,000 total square feet, built in 1920), this space boasts large windows overlooking Elmwood Avenue, providing abundant natural light. The suite includes a main office area, a private office, a private restroom, and an additional room suitable for use as a second office or break room. The building is situated in Erie County, at the convenient intersection of Elmwood and Bryant, offering easy access to the Elmwood Village, the Medical Corridor, Allentown, the Central Business District, and Buffalo's West Side. The property is a multi-tenant building with a total of one suite. This presents a unique opportunity for a business seeking a well-appointed and conveniently located office space in a vibrant Buffalo neighborhood. The building's total square footage is 4,000 square feet. This specific suite offers 1,200 square feet of immediately available space. The property's zip code is 14222.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $685,000
    ML approach
    $680,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $720,000
    6.5%
    $665,000
    7%
    $615,000
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $575,000
    NEIGHBORHOOD: SHOPPING CENTER
    $520,000
    OFFICE BUILDING
    $465,000

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


Location Insight

  • Map
  • Local Demand
City
Buffalo
County
Erie
State
New York
Longitude
-78.8768
Latitude
42.9086
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
$1,601
$46,500
$261,500
$308,000
-
$66,429
$373,571
$440,000
More about this property
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