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    Property profile & analytics

    1 Commerce Dr Amherst, NY 14228-2310

    • Warehouses
    • 27,728 SF
    • 4.49 lot acres
    OFF-MARKET
    Value Estimation
    $645,000
    Location Intelligence
    Property ID
    US63-3210060
    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

    • Api Group Inc / Metal Supplier
    • Davis-Ulmer Fire Protection / Fire Protection Service / Fire Alarm Supplier

    Property Details for 1 Commerce Dr

    Year built
    1990
    Lot size
    4.49 lot acres
    Property size
    27,728 SF
    Zone code
    RD
    Property type
    Warehouses
    APN
    142289 40.07-3-13
    APU
    1422894007313

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $665,000

    • CAP approach

      CAP return
      Estimation
      6%
      $610,000
      6.5%
      $655,000
      7%
      $695,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $615,000
      Geo Method
      $695,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $655,000
      Retail
      $770,000
      Mixed-Use
      $620,000
      Hospitality
      $620,000
      Educational
      $710,000
      Residential Income
      $630,000
      Energy
      $700,000
      Income-Based Land
      $605,000
      Food Service
      $780,000

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Erie
    State
    New York
    Longitude
    -78.816
    Latitude
    43.027
    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
    2019
    $41,837
    $170,000
    $1,040,000
    $1,210,000
    -
    $274,194
    $1,677,419
    $1,951,613

    Comparable in this City

    • Value Estimation by Request
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      98,114 SF

      175 Pineview Dr

      WAREHOUSE, STORAGE • 98,114 SF
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    • Value Estimation
      $425,000
      10,440 SF

      80 Creekside Dr

      WAREHOUSE, STORAGE • 10,440 SF
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    • Value Estimation by Request
      19,296 SF

      25 John Glenn Dr

      WAREHOUSE, STORAGE • 19,296 SF
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    • Value Estimation by Request
      32,300 SF

      59 John Glenn Dr

      WAREHOUSE, STORAGE • 32,300 SF
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      View Details
    • Value Estimation by Request
      61,357 SF

      260 Creekside Dr

      WAREHOUSE, STORAGE • 61,357 SF
      260 Creekside Dr, Amherst, NY 14228-2047
      View Details

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    Similar Nearby for Lease

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      Office Space Near UB Campus

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    • $999 /Mo

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      Retail and office spaces available on Niagara Falls Boulevard.
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    1 Commerce Dr
    Amherst, NY 14228-2310
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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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