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

    815 Kensington Ave Buffalo, NY 14215

    • Manufacturing properties
    • 6,663 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimations
    $240,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2558438
    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

    • Manufacturing properties

    Property Details for 815 Kensington Ave

    Year built
    1950
    Lot size
    0.69 lot acres
    Property size
    6,663 SF
    Zone code
    D-IL
    Property type
    Manufacturing properties
    APN
    140200 90.47-3-1
    APU
    140200904731

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $185,000
      Current use
      WAREHOUSE, STORAGE
      $370,000
      Change: +102% Conversion: Easy
      COMMERCIAL (GENERAL)
      $365,000
      Change: +98% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8237
    Latitude
    42.9334
    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
    $104
    $15,000
    $5,000
    $20,000
    -
    $21,428
    $7,143
    $28,571

    Comparable in this City

    • Value Estimation
      $240,000
      8,901 SF

      649 Wyoming Ave

      MANUFACTURING (LIGHT) • 8,901 SF
      649 Wyoming Ave, Buffalo, NY 14215-2631
      View Details
    • Value Estimation
      $190,000
      5,862 SF

      27 Clyde Ave

      MANUFACTURING (LIGHT) • 5,862 SF
      27 Clyde Ave, Buffalo, NY 14215-2237
      View Details
    • Value Estimation
      $480,000
      24,205 SF

      168 Cornwall Ave

      MANUFACTURING (LIGHT) • 24,205 SF
      168 Cornwall Ave, Buffalo, NY 14215
      View Details
    • Value Estimation
      $330,000
      18,530 SF

      852 Kensington Ave

      MANUFACTURING (LIGHT) • 18,530 SF
      852 Kensington Ave, Buffalo, NY 14215-2707
      View Details
    • Value Estimation
      $210,000
      10,032 SF

      230 Colorado Ave

      MANUFACTURING (LIGHT) • 10,032 SF
      230 Colorado Ave, Buffalo, NY 14215-4006
      View Details
    • Value Estimation
      $195,000
      9,599 SF

      83 Clyde Ave

      MANUFACTURING (LIGHT) • 9,599 SF
      83 Clyde Ave, Buffalo, NY 14215-2237
      View Details

    Similar Nearby for Sale

    • $1,050,000
      18,551 SF

      Buffalo Industrial Warehouse Opportunity

      18,551 SF Warehouse, 2.59 Acres
      465 Cornwall Ave, Buffalo, NY 14215
      View Details
    • $1,390,000
      54,881 SF

      Buffalo Industrial Property

      54,881 SF Warehouse/Manufacturing
      50 Wecker St, Buffalo, NY 14215
      View Details
    • $990,000
      21,100 SF

      Buffalo Industrial Building with Crane

      18,611 SF industrial building with 1,000 lbs crane.
      1085 East Delavan Ave, Buffalo, NY 14215
      View Details
    • Contact for pricing
      21,424 SF

      Warehouse Space Near Revitalization Project

      Warehouse space available near Northland Training Center.
      179 Grider St, Buffalo, NY 14215
      View Details
    • $249,900

      Finished Office with Storage Garage

      Office space with quick access to Buffalo and surrounding areas.
      3764 Harlem Rd, Buffalo, NY 14215
      View Details
    • $325,000
      11,350 SF

      Industrial Property with Equipment Included

      Block structure with cold storage and equipment for commercial roofing.
      532 Norfolk Ave, Buffalo, NY 14215
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Manufacturing Site Available

      Manufacturing/warehouse space for lease with ample parking and convenient location.
      203 Eggert Rd, Buffalo, NY 14215
      View Details
    • $1,200,000
      54,881 SF

      Industrial Space with Overhead Cranes

      Industrial space featuring overhead cranes, convenient location, and ample power.
      50 Wecker St, Buffalo, NY 14215
      View Details
    • $7 SF/Yr
      20,000 SF

      60 Clyde Ave Industrial Space

      Flexible Warehouse Space for Lease in Buffalo
      60 Clyde Ave, Buffalo, NY 14215
      View Details
    • Contact for pricing
      6,700 SF

      Office/Production Space for Lease

      6,700 SF flex space with expansion potential.
      501 Cornwall Ave, Buffalo, NY 14215
      View Details
    • $7 SF/Yr
      20,000 SF

      Industrial Warehouse Space Available

      20,000 SF warehouse space for lease in Buffalo, NY.
      80 Clyde Ave, Buffalo, NY 14215
      View Details
    • Contact for pricing
      9,200 SF

      Former Dollar General Retail Space

      9200 SF retail space in a densely populated neighborhood.
      3079 Bailey Ave, Buffalo, NY 14215
      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.
    815 Kensington Ave
    Buffalo, NY 14215
    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.