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Property profile & analytics
OFF-MARKET
Estimated value
$14,410,000
Office buildings
140 Genesee St Buffalo, NY 14203
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-2052278
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2014
Total area
137,180 SF
Lot
4.28 ac (186,437 SF)
Zoning code
SPLIT ZONE
APN
140200 111.39-7-1.1
UPID
US63-2052278
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.41M
Owner & transaction history
Catholic Health System INC · 10 yrs held
Catholic Health System INC
since 2016
5 recorded transactions
Zoning & alternative use
SPLIT ZONE · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$19.7M
+23.8%
Neighborhood: shopping center
$17.8M
+11.9%
Restaurant
$17.0M
+6.8%
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
Alternative Use
Use
Estimation
OFFICE BUILDING
$15,910,000
Current use
RETAIL STORES
$19,700,000
Change: +24% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$17,800,000
Change: +12% · Conversion: Difficult
RESTAURANT
$16,985,000
Change: +7% · Conversion: Moderate
AUTO REPAIR, GARAGE
$13,355,000
Change: -16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,050,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$14.41M
Range $12.97M – $15.85M · ±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
$105 / 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
$1,165,250
Tax year 2019
Assessed value
$27,000,000
Assessed 2023
Previous assessed
$27,000,000
+0.0% YoY
Effective rate
4.32%
On assessed value
Assessed land
$2,050,800
Assessed improvement
$24,949,200
Land market value
$2,929,714
Improvement market value
$35,641,715
Total market value
$38,571,429
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
2014
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
6
Total area
137,180 SF
Lot
4.28 ac (186,437 SF)
Zoning code
SPLIT ZONE
APN
140200 111.39-7-1.1
UPID
US63-2052278
Jurisdiction
ERIE
Zoning & alternative use
SPLIT ZONE · Buffalo, NY
Zoning SPLIT ZONE · permitted uses
SPLIT ZONE · 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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$15.9M
RETAIL STORES
Est. value
$19.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.8M
RESTAURANT
Est. value
$17.0M
AUTO REPAIR, GARAGE
Est. value
$13.4M
COMMERCIAL (GENERAL)
Est. value
$13.1M
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Cooling
Yes
Stories
6
Buildings
2
Lot
4.28 ac
Current owner
From public records · entity-resolved
Catholic Health System INC
Entity
Mailing address
144 GENESEE ST, BUFFALO, NY 14203-1560
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2019
—
Catholic Health System INC
—
Loan Modification, Consolidation And Extension
related
$184,645,000 · Bank Of Ny Mellon
Feb 11, 2016
$43,205,906
Catholic Health System INC
Tcc Building R Assoc LP
Grant Deed
$43,753,643 · Private Individual
Dec 30, 2014
—
Tcc Building R Associates LP
Btc Block 1/21 INC
Grant Deed
—
Dec 8, 2014
$146,300
Btc Block 1/21 INC
People Of The State Of New Yor
Grant Deed
—
Mar 20, 2013
—
Btc Block 1/21 INC
Btc Block 1/21 INC
Quit Claim Deed
—
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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