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Property profile & analytics
OFF-MARKET
Office buildings
139 Niagara Fls Blvd Buffalo, NY 14214-1267
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0851838
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1950
Total area
2,238 SF
Lot
0.22 ac (9,652 SF)
Zoning code
N-3E
APN
140200 79.39-4-37
UPID
US63-0851838
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
-
Amber Makelke Realtor at Pioneer Star Real Estate Real Estate Agency
-
Pioneer Star Real Estate Incorporated Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Horizon Light LLC · 2 yrs held
Horizon Light LLC
since 2024
Last sale
$250,000
7 recorded transactions
Zoning & alternative use
N-3E · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,039
Tax year 2023
Assessed value
$200,000
Assessed 2023
Previous assessed
$200,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$81,500
Assessed improvement
$118,500
Land market value
$116,428
Improvement market value
$169,286
Total market value
$285,714
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1950
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
2,238 SF
Lot
0.22 ac (9,652 SF)
Zoning code
N-3E
APN
140200 79.39-4-37
UPID
US63-0851838
Jurisdiction
ERIE
Zoning & alternative use
N-3E · Buffalo, NY
Zoning N-3E · permitted uses
N-3E · 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
1950
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Horizon Light LLC
Entity
Mailing address
788 SHEPHERD AVEF11, BROOKLYN, NY 11208-4827
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2024
—
Horizon Light LLC
—
Deed
related
$600,000 · Casciani Construction Company INC
May 20, 2024
—
Horizon Light LLC
3382 Bailey Properties INC
Warranty Deed
—
Mar 12, 2024
—
City Of Buffalo
The People Of The State Of New York
Commissioners Deed
related
—
Jun 7, 2022
$250,000
3382 Bailey Properties Incorporated
Andrey Navrota
Warranty Deed
—
Aug 8, 2014
$2,500
People Of St & New York Dpt & Transpo
Navrota,andrey
Grant Deed
related
—
May 26, 2011
$146,000
Andrey Navrota
Few,kristin & Ryan
Warranty Deed
—
Nov 6, 2008
$172,500
Kristin Few
Fox,robert J
Warranty Deed
$138,000 · Kenneth J & Joan L Fox
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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