Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13192 Broadway St Alden, NY 14004-1210

    • Turn key restaurants
    • 4,856 SF
    • 0.89 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2023
    $190,000
    Value Estimations
    $215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5127273
    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

    • Turn key restaurants

    Property Details for 13192 Broadway St

    Year built
    1946
    Lot size
    0.89 lot acres
    Property size
    4,856 SF
    Zone code
    C1
    Property type
    Turn key restaurants
    APN
    142001 108.19-1-21.2
    APU
    142001108191212

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $200,000
      ML approach
      $175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $275,000
      Market price range: $276k - $1.15M
      AI Estimate
      $289,000
      Market price range: $290k - $674k

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

    Location Insight

    • Map
    • Local Demand
    City
    Alden
    County
    Erie
    State
    New York
    Longitude
    -78.4964
    Latitude
    42.9007
    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
    $70,600
    $0.00
    $70,600
    -
    $111,200
    $0.00
    $111,200

    Comparable in this City

    • Value Estimation
      $210,000
      1,400 SF

      13114 Broadway St

      RESTAURANT • 1,400 SF
      13114 Broadway St, Alden, NY 14004-1233
      View Details
    • Value Estimation
      $310,000
      3,797 SF

      13493 Genesee St

      RESTAURANT • 3,797 SF
      13493 Genesee St, Alden, NY 14004-8580
      View Details
    • Value Estimation
      $260,000
      2,397 SF

      12463 Broadway St

      RESTAURANT • 2,397 SF
      12463 Broadway St, Alden, NY 14004-9527
      View Details
    • Value Estimation
      $305,000
      2,192 SF

      12443 Broadway St

      RESTAURANT • 2,192 SF
      12443 Broadway St, Alden, NY 14004-9567
      View Details
    • Value Estimation
      $295,000
      3,508 SF

      13485 Broadway St

      RESTAURANT • 3,508 SF
      13485 Broadway St, Alden, NY 14004-1416
      View Details
    • Value Estimation
      $90,000
      1,006 SF

      11048 Broadway St

      RESTAURANT • 1,006 SF
      11048 Broadway St, Alden, NY 14004-9516
      View Details

    Similar Nearby for Sale

    • $300,000
      1,800 SF

      1,500 SF Commercial Property

      1,500 SF commercial property on 75 acres for sale.
      11625 Broadway St, Alden, NY 14004
      View Details
    • $119,000
      1,350 SF

      Alden Commercial Property For Sale

      Two-bay garage with office space on a corner lot.
      11649 Broadway St, Alden, NY 14004
      View Details
    • $1,100,000
      9,100 SF

      Versatile Retail Building For Sale

      9,100 SF retail space on 1.59 acres.
      13492 Broadway St, Alden, NY 14004
      View Details
    • $295,000
      46.60 Acres

      Alden, NY: 46 Acres Commercial Land

      Prime Alden acreage, multi-use potential.
      0 Genesee St, Alden, NY 14004
      View Details
    • $550,000
      3 SF

      Prime Commercial Land in Alden

      3.46-acre commercial parcel in a growing corridor.
      13447 Broadway St, Alden, NY 14004
      View Details
    • Contact for pricing

      Commercially Zoned Vacant Land

      3.7 acres of commercially zoned land in Alden, NY.
      12165 Walden Ave, Alden, NY 14004
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Turn-Key Restaurant Space Available

      Restaurant space in shopping center anchored by Tops Markets.
      12775 Broadway St, Alden, NY 14004
      View Details
    • Contact for pricing
      1,140 SF

      Restaurant Space in Alden Plaza

      Former restaurant space available in a busy shopping center.
      12759-12775 Broadway St, Alden, NY 14004
      View Details
    • Contact for pricing
      7,195 SF

      Retail Space in Alden, NY

      Retail property available for lease in Alden, New York.
      13119-13059 Broadway St, Alden, NY 14004
      View Details
    • $12 SF/Yr
      15,000 SF

      Modern Industrial Warehouse - Erie County

      15,000 SF Warehouse, 2 Acres, New Construction
      11668 Broadway St, Alden, NY 14004
      View Details
    • Contact for pricing
      4,200 SF

      Industrial Space with Truck Docks

      Industrial property featuring truck docks and office space for lease.
      11075 Walden Ave, Alden, NY 14004
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    13192 Broadway St
    Alden, NY 14004-1210
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.