Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

615 Elmwood Ave Buffalo, NY 14222

FOR SALE
Other investment properties
Property ID
US63-3301952
3,206 SF 0.14 ac lot Built 1926
Last sale Oct 2019 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a mixed-use building comprising a first-floor office and a two-story upper-level apartment within a 4,662-square-foot structure built in 1915. The residential portion features three bedrooms and two bathrooms, hardwood flooring, a gas fireplace, a formal dining room, and a kitchen with stainless steel appliances, granite countertops, and extensive cabinetry. The primary bedroom includes a walk-in closet and a spa-style bathroom. The building is served by forced-air natural gas…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$1k
Tax billed · 2023
Assessed value$213k
Assessed land$61k
Assessed improvement$153k
Effective rate0.52%

Value estimate

· Oct 2026
$315k
$284k – $347k
AI approach$315k
NOI build-up
Gross scheduled income$90k
Vacancy & credit loss−$9k
Operating expenses−$30k
NOI · 6.85% cap applied$50k

Realmo valuation models over county records and 18 qualifying comparable sales.

Recently sold

What actually traded nearby?
$78/SF
Submarket average, outlier-cleaned · 808 recorded sales of this use type
Observed band · Q1–Q3$40 – $120
Qualifying comparables18

Cap rate analysis

How does the asset earn?
6.85%
$50k 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?
N-2E
The N-2E zone addresses transitional areas, typically at the edges of more intense mixed-use centers, in Buffalo most compact neighborhoo...
General categoryMIXED_USE
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service11.2
Kitchen & Bath10.0
Plumbing Service9.0

Location

615 Elmwood Ave Buffalo, NY 14222
County assessor Recorded deeds · 4 transfers 18 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
739 Elmwood, Buffalo, NY 14222-1566 $1,250,000 Nov 2024 3,003 SF
1084 Elmwood, Buffalo, NY 14222-1226 $300,000 Feb 2021 2,622 SF
812 Elmwood, Buffalo, NY 14222-1442 $251,152 Oct 2020 3,640 SF
201 Utica, Buffalo, NY 14222-2075 $123,711 Sep 2020 3,685 SF
218 Lexington, Buffalo, NY 14222-2345 $350,000 Sep 2019 3,538 SF
779 Elmwood, Buffalo, NY 14222-1578 $420,000 Jun 2019 3,292 SF
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
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?”
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
Why this one?
Saved