Sign Up Successful!
You now have access to more from Realmo!
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

    584 Ontario St Buffalo, NY 14207-1634

    • Gas stations
    • 4,897 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2235026
    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

    • Amazon Hub Locker - Hiking / Mailing Service / E-Commerce Service
    • 7-Eleven / Convenience Store
    • Western Union / Money Transfer Service

    Property Details for 584 Ontario St

    Year built
    1984
    Lot size
    0.53 lot acres
    Property size
    4,897 SF
    Zone code
    D-S
    Property type
    Gas stations
    APN
    140200 77.34-4-17
    APU
    1402007734417

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8955
    Latitude
    42.9591
    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
    $1,907
    $22,900
    $344,100
    $367,000
    -
    $32,714
    $491,572
    $524,286

    Comparable in this City

    • Value Estimation by Request
      1,225 SF

      1602 Elmwood Ave

      GAS STATION • 1,225 SF
      1602 Elmwood Ave, Buffalo, NY 14207-3016
      View Details
    • Value Estimation by Request
      840 SF

      2212 Niagara St

      GAS STATION • 840 SF
      2212 Niagara St, Buffalo, NY 14207-2062
      View Details
    • Value Estimation by Request
      1,500 SF

      595 Ontario St

      SERVICE STATION WITH FOOD MART • 1,500 SF
      595 Ontario St, Buffalo, NY 14207-1635
      View Details
    • Value Estimation
      $880,000
      3,486 SF

      2070 Niagara St

      SERVICE STATION WITH FOOD MART • 3,486 SF
      2070 Niagara St, Buffalo, NY 14207
      View Details
    • Value Estimation by Request
      2,856 SF

      355 Military Rd

      SERVICE STATION WITH FOOD MART • 2,856 SF
      355 Military Rd, Buffalo, NY 14207
      View Details
    • Value Estimation by Request
      1,504 SF

      650 Tonawanda St

      SERVICE STATION WITH FOOD MART • 1,504 SF
      650 Tonawanda St, Buffalo, NY 14207-2114
      View Details

    Similar Nearby for Sale

    • $990,000

      Established Auto Salvage Business Opportunity

      Auto salvage/recycling business with warehouse and proprietary license included.
      85 Skillen St, Buffalo, NY 14207
      View Details
    • $775,000
      23,200 SF

      Niagara Street Storefront Opportunity

      Prime Buffalo retail space, redevelopment potential.
      1875 Niagara St, Buffalo, NY 14207
      View Details
    • $375,000

      Mixed-Use Building with Income Potential

      Mixed-use building in high-traffic location with income potential.
      145 Ontario St, Buffalo, NY 14207
      View Details
    • $399,900
      7,200 SF

      Free-Standing Retail Building For Sale

      7,200 SF building in the Riverside Community.
      774-776 Tonawanda St, Buffalo, NY 14207
      View Details
    • $120,000
      2,048 SF

      Tonawanda Street Retail/Warehouse Opportunity

      Freestanding building near General Motors plant, suitable for retail/warehouse.
      1257 Tonawanda St, Buffalo, NY 14207
      View Details
    • $649,000
      6,200 SF

      Concert Venue Ready for Revival

      Turn-key concert venue near Buffalo State College.
      1065 Grant St, Buffalo, NY 14207
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Used Car Lot For Rent

      Used car lot with paved parking for 40+ cars.
      2813 Niagara St, Buffalo, NY 14207
      View Details
    • Contact for pricing
      19,630 SF

      Freestanding Retail/Automotive Building Available

      Freestanding building with 11 drive-in doors, available mid-2023.
      1996 Elmwood Ave, Buffalo, NY 14207
      View Details
    • $10 SF/Yr
      15,210 SF

      Niagara Street Retail Space Available

      Urban retail space in a revitalizing district with economic incentives.
      2209-2211 Niagara St, Buffalo, NY 14207
      View Details
    • Contact for pricing
      3,044 SF

      Historic Black Rock Commercial Space

      Unique 3044 SF space ideal for brewery, restaurant, or office.
      68 Tonawanda St, Buffalo, NY 14207
      View Details
    • $10 SF/Yr
      10,734 SF

      Historic Commercial Space on Amherst

      9000 SF commercial space in historic 1920 building.
      463 Amherst St, Buffalo, NY 14207
      View Details
    • $10 SF/Yr
      10,734 SF

      Amherst Street Creative Office Space

      Historic Buffalo building, 9,000 sq ft available.
      463 Amherst St, Buffalo, NY 14207
      View Details

    Property Visit Statistics

    • Visits by month
      22.7k
    • Visitors by month
      10.5k
    • Avg Time on site
      11 min
    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.
    584 Ontario St
    Buffalo, NY 14207-1634
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.