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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Warehouses
1050 Military Rd Buffalo, NY 14217-2515
Entity Owned
11-yr Hold
Free & Clear
Property ID
US63-5825074
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1955
Total area
108,424 SF
Lot
4.08 ac (177,725 SF)
Zoning code
P-S
APN
146489 77.08-3-1.1
UPID
US63-5825074
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
-
Salit Specialty Rebar Construction Company General Contractor
-
Buffalo Armory LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$2.35M
Owner & transaction history
Ssr 1050 Military Road INC · 11 yrs held
Ssr 1050 Military Road INC
since 2014
3 recorded transactions
Zoning & alternative use
P-S · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±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
$22 / 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
$97,708
Tax year 2019
Assessed value
$955,000
Assessed 2023
Previous assessed
$955,000
+0.0% YoY
Effective rate
10.23%
On assessed value
Assessed land
$198,400
Assessed improvement
$756,600
Land market value
$826,674
Improvement market value
$3,152,526
Total market value
$3,979,200
Applied tax rate
146,401.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1955
Heating
NONE
Buildings
1
Stories
1
Total area
108,424 SF
Lot
4.08 ac (177,725 SF)
Zoning code
P-S
APN
146489 77.08-3-1.1
UPID
US63-5825074
Jurisdiction
ERIE
Zoning & alternative use
P-S · Buffalo, NY
Zoning P-S · permitted uses
P-S · 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.
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Stories
1
Buildings
1
Lot
4.08 ac
Current owner
From public records · entity-resolved
Ssr 1050 Military Road INC
Entity
Free & Clear · 11 yrs held
Mailing address
1050 MILITARY RD, KENMORE, NY 14217-2515
Ownership since
2014
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
Sep 2, 2014
$2,700,000
Ssr 1050 Military Road INC
Klein Steel Service INC
Grant Deed
—
Aug 24, 2007
$2,000,000
Klein Steel Service INC
Gibraltar Steel Corp Of New York
Bargain And Sale Deed
—
Jun 26, 2007
—
Gibraltar Steel Corp
Erie County Industrial Dev
Quit Claim Deed
related
—
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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