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    419 Memorial Dr Buffalo, NY 14212

    • Drive through restaurants
    • 567 SF
    • 0.30 lot acres
    For Lease
    View listing
    Value Estimation
    $170,000
    Last Sale
    Nov 18, 2021
    $185,000
    Location Intelligence
    Property ID
    US63-1310210
    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

    • Drive through restaurants

    Property Details for 419 Memorial Dr

    Year built
    1940
    Lot size
    0.30 lot acres
    Property size
    567 SF
    Zone code
    D-OS
    Property type
    Drive through restaurants
    APN
    140200 112.30-2-1.1
    APU
    14020011230211

    Description

    This exceptional 663-square-foot retail space, formerly an ice cream shop, presents a fantastic opportunity for a new business in the vibrant Sloan neighborhood of Buffalo, New York. Located at 419 Memorial Drive, this single-tenant property boasts excellent visibility and ample parking, making it highly attractive to customers. The building, constructed in 1940, sits on a 0.2-acre lot and is zoned for commercial use within Erie County. The entire 663 square feet is currently vacant and ready for immediate occupancy. Its convenient location in a centralized area of downtown Buffalo offers easy access for both customers and employees. The property's history as a successful ice cream shop speaks to its inherent appeal and potential for a variety of retail uses. The building's layout is well-suited for a range of businesses, offering a flexible space adaptable to diverse needs. This is an ideal opportunity for an entrepreneur seeking a well-located, established space to launch or expand their business. The property is available for lease, offering a chance to establish a presence in a thriving community. Contact us today to learn more about this exciting opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $170,000

    • CAP approach

      CAP return
      Estimation
      6%
      $170,000
      6.5%
      $180,000
      7%
      $170,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $165,000
      Geo Method
      $175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $140,000
      Retail
      $180,000
      Mixed-Use
      $150,000
      Hospitality
      $145,000
      Educational
      $180,000
      Residential Income
      $165,000
      Energy
      $140,000
      Income-Based Land
      $185,000
      Food Service
      $175,000

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8298
    Latitude
    42.8937
    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
    $47
    $8,500
    $500
    $9,000
    -
    $12,143
    $714
    $12,857

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    Buffalo, NY 14212
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    Realmo Value Estimation

    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.

    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.

    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
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