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Property profile & analytics
OFF-MARKET
Estimated value
$4,620,000
Manufacturing properties
100 Gemcor Dr West Seneca, NY 14224-2055
Individually Owned
2-yr Hold
Free & Clear
Property ID
US63-4244655
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Total area
98,080 SF
Lot
3.92 ac (170,755 SF)
Zoning code
13
APN
146800 134.12-1-2.11
UPID
US63-4244655
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
GemCor Corporate Office Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.62M
Owner & transaction history
Town Of West Seneca · 2 yrs held
Town Of West Seneca
since 2023
Last sale
$4.5M
6 recorded transactions
Zoning & alternative use
13 · West Seneca, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.5M
+101.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Seneca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Seneca submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,680,000
ML approach
$4,805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,480,000
Change: +102% · Conversion: Easy
Blend value · Realmo final
$4.62M
Range $4.16M – $5.08M · ±10% · vs last sale $4.50M (Oct 25 2023)
Last sale anchor
$4.50M
Oct 25 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$47 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$119,735
Tax year 2019
Assessed value
$1,383,700
Assessed 2023
Previous assessed
$1,383,700
+0.0% YoY
Effective rate
8.65%
On assessed value
Assessed land
$156,514
Assessed improvement
$1,227,186
Land market value
$601,977
Improvement market value
$4,719,946
Total market value
$5,321,923
Applied tax rate
146,801.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
98,080 SF
Lot
3.92 ac (170,755 SF)
Zoning code
13
APN
146800 134.12-1-2.11
UPID
US63-4244655
Jurisdiction
ERIE
Zoning & alternative use
13 · West Seneca, NY
Zoning 13 · permitted uses
13 · West Seneca, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Seneca. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$5.5M
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
3.92 ac
Current owner
From public records · entity-resolved
Town Of West Seneca
Individual
Free & Clear · 2 yrs held
Mailing address
1250 UN RD, WEST SENECA, NY 14224-2950
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2023
$4,500,000
Town Of West Seneca
Gemcor Automation LLC
Bargain And Sale Deed
—
Apr 11, 2016
$1,387,700
Gemcor Automation LLC
Gemcor II LLC
Grant Deed
—
Nov 10, 2011
$50,000
Konstantinos Koutsandreas
Gemcor II LLC
Grant Deed
—
Nov 10, 2011
—
Gemcor II LLC
Gemcor II LLC
Quit Claim Deed
—
Sep 20, 2010
—
Gemcor II LLC
Erie County Indl Dev Agcy
Grant Deed
related
—
Nov 24, 2009
—
Gemcor II LLC
Erie County Industrial Dev Age
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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