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Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Retail space
1678 Hertel Ave, Buffalo, NY 14216-2902
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-5359909
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Total area
14,881 SF
Lot
0.94 ac (41,160 SF)
Zoning code
N-3C
APN
140200 78.67-4-17.1
UPID
US63-5359909
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
-
Strategic Resource Group Consultant
-
Lexington Cooperative Market Grocery & Convenience Store Food Market
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Courtney Schmidt Pharmacy
-
Matthew Woltz Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.18M
Owner & transaction history
1678 Hertel LLC · 11 yrs held
1678 Hertel LLC
since 2015
7 recorded transactions
Zoning & alternative use
N-3C · 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
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
NEIGHBORHOOD: SHOPPING CENTER
$1,930,000
Change: -10% · Conversion: Moderate
RESTAURANT
$1,840,000
Change: -14% · Conversion: Easy
OFFICE BUILDING
$1,725,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±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
$79 / 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
Tax billed
$4,638
Tax year 2023
Assessed value
$1,080,000
Assessed 2023
Previous assessed
$1,080,000
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$391,000
Assessed improvement
$689,000
Land market value
$558,571
Improvement market value
$984,286
Total market value
$1,542,857
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
14,881 SF
Lot
0.94 ac (41,160 SF)
Zoning code
N-3C
APN
140200 78.67-4-17.1
UPID
US63-5359909
Jurisdiction
ERIE
Zoning & alternative use
N-3C · Buffalo, NY
Zoning N-3C · permitted uses
N-3C · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
OFFICE BUILDING
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
1960
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
1678 Hertel LLC
Entity
Mailing address
1499 HERTEL AVE, BUFFALO, NY 14216-2837
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2025
—
1678 Hertel LLC
—
Deed
related
$1,725,000 · Nextier Bank NA
Jun 29, 2017
—
1678 Hertel LLC
—
Loan Modification
related
$2,300,000 · Northwest Bk
Jan 18, 2017
—
1389 Delaware LLC
—
Deed
related
$430,000 · Northwest Bk
Jun 4, 2015
—
1678 Hertel LLC
1389 Delaware LLC
Warranty Deed
related
$400,000 · Northwest Svgs Bk
Jul 10, 2009
—
1389 Delaware LLC
1389 Delaware INC
Warranty Deed
$900,000 · Northwest Savings Bank
—
—
1389 Delaware LLC
—
Deed Of Trust
related
$150,000 · Northwest Svgs Bk-br183
—
—
1389 Delaware LLC
—
Deed Of Trust
related
$430,000 · Northwest Bk
—
—
1389 Delaware LLC
—
Deed Of Trust
related
$370,000 · Northwest Svgs Bk-br183
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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