Financial
Distress signals
Property profile

1241 Colvin Blvd Buffalo, NY 14223

FOR LEASE
Office buildings
Property ID
US63-3289066
2,945 SF 0.15 ac lot Built 1961
Last sale Jun 2019
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 1241 Colvin Blvd. in Tonawanda, New York is a commercial building offering approximately 2,945 square feet of interior space. It is configured to support multiple commercial uses, including retail and office use, with potential for mixed-use development depending on applicable approvals. The interior layout is described as spacious, and the property includes on-site parking. It is located in a commercial area and is accessible via public transportation.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$7k
Tax billed · 2019
Assessed value · 2023$52k
Assessed land$27k
Assessed improvement$25k
Effective rate12.85%

Value estimate

· Sep 2026
$190k
$171k – $209k
AI approach$240k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$116/SF
Submarket average, outlier-cleaned · 204 recorded sales of this use type
Observed band · Q1–Q3$68 – $171
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
TND
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency29.0
Law Firm24.6
Building Supply17.7

Location

1241 Colvin Blvd Buffalo, NY 14223
County assessor Recorded deeds · 1 transfer 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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