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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
Strip malls
1049 Broadway St, Buffalo, NY 14212-1462
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US63-3350355
Property summary
AI-generated overview
This exceptional laundromat business opportunity in Buffalo, NY, presents a rare chance to acquire a thriving, established enterprise. Located at 1049 Broadway St, this turnkey operation boasts 47 Dexter washers and dryers, most of which are 5-10 years old and in excellent working condition. Twenty machines feature recently installed (less than one year old) SpiderWash credit card readers, enhancing convenience and revenue streams. The business occupies 11,880 square feet on a 0.68-acre lot. The current lease has approximately eight years remaining, providing long-term stability. Monthly operating expenses are estimated at $8,000, encompassing gas ($650), electricity ($250), water ($650), and rent ($4,000). The business generates a substantial weekly gross revenue exceeding $2,900. Note that this sale includes only the business and its equipment
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Total area
11,880 SF
Lot
0.69 ac (29,862 SF)
Zoning code
N-3C
APN
140200 112.29-9-1.11
UPID
US63-3350355
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
-
Starling Pharmacy Pharmacy
-
Marks Home Care Agency (Buffalo) Home Health Care Service
-
WNY Laundromats (Bike/Boat/Book/etc) Store
-
H&R Block Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
1049 Group LLC
1049 Group LLC
3 recorded transactions
Zoning & alternative use
N-3C · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+10.7%
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 Buffalo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buffalo 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,540,000
Current use
RETAIL STORES
$1,705,000
Change: +11% · Conversion: Easy
RESTAURANT
$1,470,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$1,380,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±10%
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
$91 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,846
Tax year 2023
Assessed value
$740,000
Assessed 2023
Previous assessed
$740,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$33,300
Assessed improvement
$706,700
Land market value
$47,571
Improvement market value
$1,009,572
Total market value
$1,057,143
Applied tax rate
140,200.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
11,880 SF
Lot
0.69 ac (29,862 SF)
Zoning code
N-3C
APN
140200 112.29-9-1.11
UPID
US63-3350355
Jurisdiction
ERIE
Zoning & alternative use
N-3C · Buffalo, NY
Zoning N-3C · permitted uses
N-3C · Buffalo, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Buffalo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.7M
RESTAURANT
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
RESTAURANT
OFFICE BUILDING
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
2003
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
1049 Group LLC
Entity
Mailing address
241 LOMBARD ST, BUFFALO, NY 14212-1348
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
1049 Group LLC
—
Deed Of Trust
related
$634,000 · James H Handley
—
—
1049 Group LLC
—
Deed Of Trust
related
$634,000 · James H Handley
—
—
1049 Group LLC
—
Deed Of Trust
related
$150,000 · A&l Holding Co LLC
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.
Try Rey
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