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    4405 Milestrip Rd Buffalo, NY 14219
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    4405 Milestrip Rd, Buffalo, NY 14219

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    • Strip malls
    • 28,578 SF
    • 10.46 lot acres
    For Lease
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    Retail Space Near McKinley Mall For Lease
    Contact for pricing

    Retail Space Near McKinley Mall

    Retail space with easy access in a primary retail corridor.

    4405 Milestrip Rd, Buffalo, NY 14219
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    Property ID
    US63-2085861
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Truck Rental Center at The Home Depot / Car Rental Facility
    • Chipotle Mexican Grill / Restaurant
    • Supercuts / Hair Salon
    • Pro Desk at The Home Depot / Big Box & Wholesale Store / Building Supply
    • Penske Truck Rental / Car Rental Facility

    Property Details for 4405 Milestrip Rd

    Year built
    1977
    Lot size
    10.46 lot acres
    Zone code
    C1
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    144889 151.18-4-17.11
    APU
    1448891511841711

    Description

    This exceptional retail opportunity presents 28,813 square feet of space within the McKinley Milestrip Center, situated on a 2.16-acre lot at 4405 Milestrip Rd, Blasdell, NY 14219. Built in 1977, this multi-tenant storefront property boasts a highly desirable location in Erie County, offering easy access from I-90 and proximity to McKinley Mall, placing it within the area's primary retail corridor. Currently, one retail space of 5,331 square feet is available for lease. The property's strategic location ensures high visibility and accessibility for businesses seeking a strong foothold in a thriving retail market. The substantial building size and ample land provide significant potential for expansion or redevelopment. This property represents a compelling investment opportunity for businesses seeking a prominent presence in a well-established commercial area with excellent transportation links and high foot traffic. The address is conveniently located in Buffalo, New York, offering easy access to a large consumer base. This is an ideal location for businesses looking to capitalize on the strong retail presence in the area. The property's size and location make it a highly attractive option for a variety of retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8146
    Latitude
    42.7883
    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
    $1,050,000
    $5,197,000
    $6,247,000
    -
    $3,281,250
    $16,240,625
    $19,521,875

    Comparable in this City

    • Value Estimation
      $2,410,000
      32,844 SF

      3766 Mckinley Pkwy

      SHOPPING CENTER, STRIP CENTER
      3766 Mckinley Pkwy, Buffalo, NY 14219-2660
      View Details
    • Value Estimation
      $1,955,000
      109,619 SF

      4271 Lk Ave

      SHOPPING CENTER, STRIP CENTER
      4271 Lk Ave, Buffalo, NY 14219-1239
      View Details
    • Value Estimation
      $2,165,000
      19,712 SF

      4154 Mckinley Pkwy

      SHOPPING CENTER, STRIP CENTER
      4154 Mckinley Pkwy, Buffalo, NY 14219-2995
      View Details
    • Value Estimation
      $23,165,000
      165,478 SF

      4408 Milestrip Rd

      REGIONAL SHOPPING CENTER, MALL
      4408 Milestrip Rd, Buffalo, NY 14219-2553
      View Details
    • Value Estimation
      $935,000
      12,000 SF

      3820 Mckinley Pkwy

      MINI-MALL
      3820 Mckinley Pkwy, Buffalo, NY 14219-3006
      View Details
    • Value Estimation by Request
      103,215 SF

      3540 Mckinley Pkwy

      MINI-MALL
      3540 Mckinley Pkwy, Buffalo, NY 14219-2600
      View Details

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      Prime Redevelopment Site on McKinley Parkway

      5.67 AC site in a dense retail trade area.
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    Similar Nearby for Lease

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      25,734 SF

      Retail Space at McKinley Mall

      Premier shopping destination with diverse retail and dining options.
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      Former Service Station on Route 5

      Former service station suitable for automotive, retail, restaurant, or office.
      3233 Lake Shore Rd, Blasdell, NY 14219
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      Former Service Station on Route 5

      Former service station suitable for automotive, retail, restaurant, or office.
      3233 Lake Shore Rd, Blasdell, NY 14219
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      Retail Space in Blasdell, NY

      Prime retail location with high traffic and excellent highway access.
      3701 Mckinley Parkway Ext, Blasdell, NY 14219
      View Details
    • Contact for pricing

      Retail Space Near McKinley Mall

      Retail space with easy access in a primary retail corridor.
      4405 Milestrip Rd, Buffalo, NY 14219
      View Details
    View Listing
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    Buffalo, NY 14219
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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.

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