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
    Property profile & analytics

    1406 Lovejoy St Sloan, NY 14212-2116

    • Warehouses
    • 9,960 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Apr 18, 2024
    $8,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2865201
    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

    • Simply Sweet Events / Event Planner

    Property Details for 1406 Lovejoy St

    Year built
    1921
    Lot size
    0.34 lot acres
    Property size
    9,960 SF
    Zone code
    05C
    Property type
    Warehouses
    APN
    143001 112.44-2-23
    APU
    14300111244223

    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
    Sloan
    County
    Erie
    State
    New York
    Longitude
    -78.7964
    Latitude
    42.8902
    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
    $27,000
    $153,000
    $180,000
    -
    $29,670
    $168,132
    $197,802

    Comparable in this City

    • Value Estimation
      $300,000
      8,888 SF

      2065 Harlem Rd

      WAREHOUSE, STORAGE • 8,888 SF
      2065 Harlem Rd, Buffalo, NY 14212-2410
      View Details
    • Value Estimation
      $220,000
      2,823 SF

      1158 Sycamore St

      WAREHOUSE, STORAGE • 2,823 SF
      1158 Sycamore St, Buffalo, NY 14212-1546
      View Details
    • Value Estimation
      $75,000
      1,232 SF

      1420 Lovejoy St

      WAREHOUSE, STORAGE • 1,232 SF
      1420 Lovejoy St, Buffalo, NY 14212-2116
      View Details
    • Value Estimation
      $575,000
      47,788 SF

      1651 Bailey Ave

      WAREHOUSE, STORAGE • 47,788 SF
      1651 Bailey Ave, Buffalo, NY 14212
      View Details
    • Value Estimation by Request
      1,560 SF

      1410 Lovejoy St

      WAREHOUSE, STORAGE • 1,560 SF
      1410 Lovejoy St, Sloan, NY 14212-2116
      View Details
    • Value Estimation
      $235,000
      2,185 SF

      454 Monroe St

      WAREHOUSE, STORAGE • 2,185 SF
      454 Monroe St, Buffalo, NY 14212-1044
      View Details

    Similar Nearby for Sale

    • $225,000
      7,604 SF

      Spacious Buffalo Warehouse - $225K

      7,604 SF Flex Space, Vacant, Value-Add Opportunity
      14 Strauss St, Buffalo, NY 14212
      View Details
    • $549,900
      3,906 SF

      Leased Warehouse and Residential Property

      Fully leased warehouse and residential investment property with ample parking.
      1286 Broadway St, Buffalo, NY 14212
      View Details
    • $179,000
      3,439 SF

      Warehouse on Broadway For Sale

      Warehouse in Buffalo, NY, suitable for shop, retail, manufacturing.
      1300 Broadway St, Buffalo, NY 14212
      View Details
    • $2,999,000
      113,469 SF

      Buffalo Industrial Facility For Sale

      113,469 SF industrial facility on 6.58 acres.
      9 Grimes St, Buffalo, NY 14212
      View Details
    • Contact for pricing

      Buffalo Warehouse with Retail Potential

      35,000+/- SF warehouse with retail conversion opportunity on Fillmore Avenue.
      653 Fillmore Ave, Buffalo, NY 14212
      View Details
    • $400,000
      11,356 SF

      Prime Buffalo Retail Space

      Former bank, high visibility, 11,356 SF
      1067 Broadway St, Buffalo, NY 14212
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      2,500 SF

      Warehouse with Office Space

      65,000+/- SF warehouse with 2,500+/- SF office space.
      1885 Harlem Rd, Buffalo, NY 14212
      View Details
    • $1,000 /Mo
      46,400 SF

      Warehouse Space with Loading Dock

      Warehouse space ideal for storage, distribution, or manufacturing.
      31 Stone St, Buffalo, NY 14212
      View Details
    • Contact for pricing
      10,400 SF

      975 Broadway Warehouse - Buffalo, NY

      Spacious Warehouse, Prime Location, 10,400 SF
      975 Broadway St, Buffalo, NY 14212
      View Details
    • $5 SF/Yr
      28,700 SF

      Food-Grade Industrial Facility Available

      Well-equipped industrial facility ideal for manufacturing, warehousing, or food processing.
      1132 Broadway St, Buffalo, NY 14212
      View Details
    • Contact for pricing
      1 SF

      Prime Buffalo Executive Office Space

      Historic building, great development potential.
      756 Broadway St, Buffalo, NY 14212
      View Details
    • $699,900
      11,000 SF

      Retail Building with Parking Lot

      Two-story retail building with parking in Buffalo, NY.
      904-906 Broadway St, Buffalo, NY 14212
      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.
    1406 Lovejoy St
    Sloan, NY 14212-2116
    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.