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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Warehouses
155 Commerce Dr Buffalo, NY 14218-1041
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US63-1755910
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2006
Total area
8,500 SF
Lot
2.82 ac (122,839 SF)
Zoning code
IND
APN
140900 141.07-4-8.112
UPID
US63-1755910
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
-
Oneida Sales and Service Construction Company General Contractor
-
Blink Charging Station Electric Vehicle Charging Station
-
Oneida Concrete Products Inc Construction Company
-
M&C Utilities Corporate Office
-
Iroquois Bar Corp. Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$676k
Blend (final)
Blend
$610k
Owner & transaction history
Tomahawk Management LLC · 10 yrs held
Tomahawk Management LLC
since 2016
7 recorded transactions
Zoning & alternative use
IND · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$985,000
+107.6%
Auto repair, garage
$825,000
+74.2%
Commercial (general)
$555,000
+17.0%
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
WAREHOUSE, STORAGE
$475,000
Current use
OFFICE BUILDING
$985,000
Change: +108% · Conversion: Difficult
AUTO REPAIR, GARAGE
$825,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$555,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$72 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$359,000
Assessed 2023
Previous assessed
$359,000
+0.0% YoY
Assessed land
$84,600
Assessed improvement
$274,400
Land market value
$107,081
Improvement market value
$347,319
Total market value
$454,400
Applied tax rate
140,900.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2006
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
2
Total area
8,500 SF
Lot
2.82 ac (122,839 SF)
Zoning code
IND
APN
140900 141.07-4-8.112
UPID
US63-1755910
Jurisdiction
ERIE
Zoning & alternative use
IND · Buffalo, NY
Zoning IND · permitted uses
IND · 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
WAREHOUSE, STORAGE Current
Est. value
$475,000
OFFICE BUILDING
Est. value
$985,000
AUTO REPAIR, GARAGE
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$555,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
2006
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
2.82 ac
Current owner
From public records · entity-resolved
Tomahawk Management LLC
Entity
Mailing address
155 COMMERCE DR, LACKAWANNA, NY 14218-1041
Mailing matches property
Yes
Owner-occupied
Yes
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2021
—
Tomahawk Management LLC
—
Deed
related
$999,999 · M & T Bank
May 3, 2018
—
Empire St Certified Dev Corp
—
Deed
related
$562,500 · Keybank USA
Apr 4, 2017
—
Tomahawk Management LLC
—
Deed
related
$578,000 · Private Individual
Apr 28, 2016
$234,000
Tomahawk Management LLC
Fredco Management LLC
Grant Deed
—
Apr 8, 2005
—
City Of Lackawana
City Of Lackawana
Quit Claim Deed
related
—
Apr 8, 2005
$41,400
Fredco Management LLC
City Of Lackawana New York
Warranty Deed
—
—
—
Fredco Management LLC
—
Loan Modification, Consolidation And Extension
related
$250,000 · Five Star Bank
—
—
Fredco Management LLC
—
Deed Of Trust
related
$444,000 · Hsbc Bank USA
—
—
Fredco Management LLC
—
Deed Of Trust
related
$33,195 · Five Star Bank
—
—
Fredco Management LLC
—
Deed Of Trust
related
$444,000 · First Niagara Funding INC
—
—
Tomahawk Management LLC
—
Loan Modification
related
$23,434 · Five Star Bk
—
—
Tomahawk Management LLC
—
Deed Of Trust
related
$578,000 · Private Individual
—
—
Tomahawk Management LLC
—
Deed Of Trust
related
$562,500 · Keybank USA
—
—
Empire St Certified Dev Corp
—
Deed Of Trust
related
$562,500 · Keybank USA
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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