FOR LEASE
Investment properties
Property ID
US63-3123913
Entity Owned Owner of record is a legal entity (LLC / corporation).
2-yr Hold Held for 2 years.
Free & Clear No active or open recorded mortgage detected.
Entity Owned 
For Lease
$180,000
12482 Broadway St, Alden, NY 14004
View Listing
Ownership intelligence
Who controls the opportunity?
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Can we reach the decision maker?
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
What is owed, to whom, and when it comes due
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
What does the county charge?
Assessed value · 2023$166k
Assessed land$79k
Assessed improvement$87k
Value estimate
· Sep 2026$180k
$162k – $198k
AI approach$180k
NOI build-up
Gross scheduled income$24k
Vacancy & credit loss−$4k
Operating expenses−$5k
NOI · 4.30% cap applied$15k
Realmo valuation models over county records and 33 qualifying comparable sales.
Recently sold
What actually traded nearby?
$83/SF
County average, outlier-cleaned · 1188 recorded sales of this use type
Observed band · Q1–Q3$43 – $129
Qualifying comparables33
Cap rate analysis
How does the asset earn?
4.30%
$15k estimated NOI · market benchmarks for this use type
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
What can be built here?
C-2
C-2 Commercial District. This district is to provide areas within the Town for commercial uses which will include various commercial uses...
General categoryINDUSTRIAL
JurisdictionERIE
Location intelligence
Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand index
Auto Repair Shop9.7
Dental Office9.6
Hair Salon9.5
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
✓ County assessor
✓ Recorded deeds · 5 transfers
✓ 33 qualifying comp sales
✓ Zoning catalog
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyRecent sales nearby
6 recorded sales in this ZIP, last 8 years
Address
Sale price
Sold
Size
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Comparable nearby
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 33 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$180k
Value range
$162k – $198k
±10% around blend
Estimated value / SF
$73 / SF
Confidence
High
33 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
100
Income certainty
100
$162k
blend $180k
$198k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,480 SF
Lot area
1.4 ac
Year built
1950
Stories
1
APN
142089 119.05-1-19
Zoning
C-2
Assessed value · 2023
$166,000
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Selected cap rate
4
Comparable sales
Partial preview
Comparables picked and weighted for this valuation. The Overview tab lists recorded sales nearby as our records hold them, unweighted and unselected, so the two do not have to agree.
Sales approach indication
$309k
Weighted, 20 comps · high confidence
Evidence
33 found · 6 selected
County-verified recorded sales
Comparable
Sale date
Sale price
$ / SF
9.1 mi away · 2,150 SF
12.1 mi away · 2,184 SF
12.8 mi away · 2,867 SF
13.1 mi away · 1,772 SF
13.9 mi away · 2,832 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$180k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)
Average
Subject delta
County 1188 sales
$83
-12%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $73/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 33 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
4.30%
Selected cap rate for this investment properties
Derived from the Alden market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.30%
9.0%
NOI (est.)
$15k *
Last sale · Mar 2024
$180k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$350k
Move the market yield to see immediate price impact.
Value / SF
$141
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.80%4.30%4.80%
$14k
$356k
$315k
$282k
$15k
$396k
$350k
$313k
$17k
$435k
$385k
$345k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
33 found
High confidence · county-verified
Closest comparable
$755k
6.6 mi · Mar 2026 · $267/SF
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Building & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1950
Heating
FORCED AIR
Buildings
1
Stories
1
Bathrooms
2
Total area
2,480 SF
Lot
1.4 ac (60,984 SF)
Zoning code
C-2
APN
142089 119.05-1-19
UPID
US63-3123913
Jurisdiction
ERIE
Property tax & assessments
Tax year 2023
Assessed value
$166,000
Assessed 2023
Previous assessed
$166,000
+0.0% YoY
Assessed land
$79,000
Assessed improvement
$87,000
Land market value
$124,401
Improvement market value
$136,999
Total market value
$261,400
Applied tax rate
142,001.0000
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
Jurisdiction
Alden, NY
Recorded code
C-2
Category
INDUSTRIAL
Official district
C-2
Codes and permitted uses for this address
Registration is required before the official district profile is shown.
Official district profile
What the municipal code says about C-2
Zoning description
C-2 Commercial District. This district is to provide areas within the Town for commercial uses which will include various commercial uses conducted out-of-doors. A. Permitted principal uses are as follows: (1) As permitt…
General category
INDUSTRIAL
Owner Contacts
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Mortgages · part of Ownership Intelligence
See what the owner owes, and when it comes due.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
What opens after registration
Ownership report
Recorded loansLender, amount and origination for every instrument
Estimated maturityWhen the debt comes due and the refi window opens
Rates & liensRecorded or estimated rate, junior liens flagged
CollateralWhich holding secures each loan - this property marked
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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- Alternative use
- Local Zoning Insight
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