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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Warehouses
1703 Un Rd West Seneca, NY 14224-2060
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-0036330
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
30,000 SF
Lot
1.2 ac (52,272 SF)
Zoning code
13
APN
146800 134.12-1-15.21
UPID
US63-0036330
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
-
Armstrong Brands Inc Industrial Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$798k
Blend (final)
Blend
$670k
Owner & transaction history
1703 Union Road LLC · 1 yrs held
1703 Union Road LLC
since 2024
Last sale
$650,000
6 recorded transactions
Zoning & alternative use
13 · West Seneca, 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 West Seneca submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Seneca 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
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $650k (Oct 1 2024)
Last sale anchor
$650k
Oct 1 2024
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
$22 / 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
$24,567
Tax year 2019
Assessed value
$283,100
Assessed 2023
Previous assessed
$283,100
+0.0% YoY
Effective rate
8.68%
On assessed value
Assessed land
$18,500
Assessed improvement
$264,600
Land market value
$71,154
Improvement market value
$1,017,692
Total market value
$1,088,846
Applied tax rate
146,801.0000
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
1990
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
30,000 SF
Lot
1.2 ac (52,272 SF)
Zoning code
13
APN
146800 134.12-1-15.21
UPID
US63-0036330
Jurisdiction
ERIE
Zoning & alternative use
13 · West Seneca, NY
Zoning 13 · permitted uses
13 · West Seneca, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Seneca. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
1703 Union Road LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1703 UN RD, WEST SENECA, NY 14224-2060
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
$650,000
1703 Union Road LLC
Severson Properties & Development L
Warranty Deed
—
Dec 31, 2024
—
1703 Union Road LLC
Severson Properties & Development L
Warranty Deed
—
Dec 18, 2024
—
Severson Properties & Development L
Michael Flury
Deed
—
Sep 15, 2017
—
Severson Properties & Dev LLC
—
Deed
related
$103,032 · M&t Bk
May 24, 2007
—
Severson Properties & Dev LLC
—
Trustees Deed
related
$696,000 · First Niagara Bank
—
—
Severson Properties & Dev LLC
—
Deed Of Trust
related
$103,032 · M&t Bk
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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