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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11061 Main St Clarence, NY 14031

    • Super regional malls
    • 34,266 SF
    • 52.98 lot acres
    OFF-MARKET
    Value Estimations
    $2,980,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1476505
    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

    • Super regional malls

    Property Details for 11061 Main St

    Year built
    1983
    Lot size
    52.98 lot acres
    Property size
    34,266 SF
    Property type
    Super regional malls
    APN
    145689 73.00-1-1.21
    APU
    14568973001121

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,640,000
      Current use
      RESTAURANT
      $4,680,000
      Change: +1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,075,000
      Change: -12% Conversion: Easy
      OFFICE BUILDING
      $4,000,000
      Change: -14% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clarence
    County
    Erie
    State
    New York
    Longitude
    -78.5753
    Latitude
    42.9791
    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
    $0.00
    $317,300
    $1,432,700
    $1,750,000
    -
    $317,300
    $1,432,700
    $1,750,000

    Comparable in this City

    • Value Estimation
      $855,000
      6,900 SF

      10295 Main St

      SHOPPING CENTER, STRIP CENTER • 6,900 SF
      10295 Main St, Clarence, NY 14031-1656
      View Details
    • Value Estimation
      $1,490,000
      12,400 SF

      10225 Main St

      SHOPPING CENTER, STRIP CENTER • 12,400 SF
      10225 Main St, Clarence, NY 14031-2053
      View Details
    • Value Estimation by Request
      19,676 SF

      8945 Main St

      MINI-MALL • 19,676 SF
      8945 Main St, Clarence, NY 14031-1927
      View Details
    • Value Estimation by Request
      1,259 SF

      9865 Main St

      FINANCIAL BUILDING • 1,259 SF
      9865 Main St, Clarence, NY 14031-2051
      View Details
    • Value Estimation by Request
      1,620 SF

      10655 Main St

      SERVICE STATION WITH FOOD MART • 1,620 SF
      10655 Main St, Clarence, NY 14031-1703
      View Details
    • Value Estimation
      $745,000
      8,400 SF

      9415 Main St

      RESTAURANT • 8,400 SF
      9415 Main St, Clarence, NY 14031-1938
      View Details

    Similar Nearby for Sale

    • $750,000
      13,300 SF

      Clarence Commercial Property with Showroom

      Commercial property near Clarence with warehouse, retail, and residential space.
      10295 Main St, Clarence, NY 14031
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    • $524,900

      Mixed-Use Property in Clarence, NY

      Income-generating property with residential and commercial spaces in Clarence, NY.
      9870 Main St, Clarence, NY 14031
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    • $987,900
      13,300 SF

      Clarence Retail Space - $987,900

      High-Visibility Retail Opportunity in Clarence, NY
      10295 Main St, Clarence, NY 14031
      View Details
    • Contact for pricing

      Main Street Retail/Office Opportunity

      Prime location on Main Street suitable for retail or office.
      10000 Main St, Clarence, NY 14031
      View Details
    • $375,000
      2,910 SF

      Main Street Retail and Apartment

      Two buildings with retail and apartment in Clarence business district.
      9142-9148 Main St, Clarence, NY 14031
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    • $699,900
      21,333 SF

      Clarence Bowling Academy - For Sale

      Established Bowling Center w/ Multiple Revenue Streams
      10718 Main St, Clarence, NY 14031
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,782 SF

      Former Retail Space Available

      Former retail space for lease or redevelopment on 2.569 acres.
      9160 Main St, Clarence, NY 14031
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      High-visibility retail or office space in Clarence business district.
      9142 Main St, Clarence, NY 14031
      View Details
    • Contact for pricing
      5,768 SF

      Retail and Warehouse Space Available

      Open retail space with adjoining warehouse and redevelopment potential.
      5844 Goodrich Rd, Clarence, NY 14031
      View Details
    • $1,100 /Mo
      4,128 SF

      Main Street Commercial Rental Opportunity

      Flexible commercial space in Clarence Hollow with excellent visibility and access.
      10589 Main St, Clarence, NY 14031
      View Details
    • Contact for pricing

      Transit Road Retail/Office Opportunity

      Renovated stand-alone building suitable for retail or office use.
      5375 Transit Rd, Clarence, NY 14031
      View Details
    • Contact for pricing
      12,782 SF

      Former Retail Space with Drive-Thru

      Available retail space with drive-thru, high ceilings, and ample parking.
      9160 Main St, Clarence, NY 14031
      View Details
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    11061 Main St
    Clarence, NY 14031
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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