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Property profile & analytics
OFF-MARKET
Estimated value
$2,115,000
Grocery and convenience stores
1728 Broadway St, Buffalo, NY 14212
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-5972038
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1981
Total area
45,021 SF
Lot
5.51 ac (240,016 SF)
Zoning code
D-S
APN
140200 101.19-1-4.1
UPID
US63-5972038
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
-
Family Dollar Discount Supermarket School Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.84M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.12M
Owner & transaction history
1728 Buffalo Broadway LLC · 3 yrs held
1728 Buffalo Broadway LLC
since 2023
Last sale
$2.2M
4 recorded transactions
Zoning & alternative use
D-S · 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
$2,220,000
ML approach
$1,835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.12M
Range $1.90M – $2.33M · ±10% · vs last sale $2.20M (Mar 28 2023)
Last sale anchor
$2.20M
Mar 28 2023
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
$47 / 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
$12,732
Tax year 2023
Assessed value
$2,450,000
Assessed 2023
Previous assessed
$2,450,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$71,100
Assessed improvement
$2,378,900
Land market value
$101,571
Improvement market value
$3,398,429
Total market value
$3,500,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1981
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
45,021 SF
Lot
5.51 ac (240,016 SF)
Zoning code
D-S
APN
140200 101.19-1-4.1
UPID
US63-5972038
Jurisdiction
ERIE
Zoning & alternative use
D-S · Buffalo, NY
Zoning D-S · permitted uses
D-S · 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
1981
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
5.51 ac
Current owner
From public records · entity-resolved
1728 Buffalo Broadway LLC
Entity
Free & Clear · 3 yrs held
Mailing address
708 3RD AVE, NEW YORK, NY 10017-4201
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2024
—
Saleh M Ottman
—
Deed
related
$600,000 · Su Pieri Trust
Mar 6, 2024
—
1728 Buffalo Broadway LLC
—
Deed
related
$300,000 · Su Pieri Trust
Mar 28, 2023
$2,200,000
1728 Buffalo Broadway LLC
Cbb Limited Partnership
Bargain And Sale Deed
—
Mar 28, 2023
—
1728 Buffalo Broadway LLC
—
Deed
related
$900,000 · Samuel Burruano LLC
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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