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Property profile & analytics
OFF-MARKET
Estimated value
$3,390,000
Office buildings
1775 Wehrle Dr, Amherst, NY 14221-7093
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-6217510
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Total area
33,787 SF
Lot
3.96 ac (172,498 SF)
Zoning code
ST
APN
142289 81.01-1-5.1
UPID
US63-6217510
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.71M
Blend (final)
Blend
$3.39M
Owner & transaction history
Gp Wehrle Drive LLC · 1 yrs held
Gp Wehrle Drive LLC
since 2025
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
ST · Amherst, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.2M
+8.7%
Retail stores
$4.9M
+2.0%
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 Amherst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Amherst 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
$4,760,000
Current use
COMMERCIAL (GENERAL)
$5,170,000
Change: +9% · Conversion: Easy
RETAIL STORES
$4,850,000
Change: +2% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,385,000
Change: -8% · Conversion: Difficult
RESTAURANT
$4,185,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$3.39M
Range $3.05M – $3.73M · ±10% · vs last sale $3.75M (Oct 23 2024)
Last sale anchor
$3.75M
Oct 23 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
$100 / 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
$74,501
Tax year 2019
Assessed value
$2,600,000
Assessed 2023
Previous assessed
$2,600,000
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$580,000
Assessed improvement
$2,020,000
Land market value
$935,484
Improvement market value
$3,258,064
Total market value
$4,193,548
Applied tax rate
142,203.0000
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
1988
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
33,787 SF
Lot
3.96 ac (172,498 SF)
Zoning code
ST
APN
142289 81.01-1-5.1
UPID
US63-6217510
Jurisdiction
ERIE
Zoning & alternative use
ST · Amherst, NY
Zoning ST · permitted uses
ST · Amherst, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Amherst. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$5.2M
RETAIL STORES
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
RESTAURANT
Est. value
$4.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1988
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
3.96 ac
Current owner
From public records · entity-resolved
Gp Wehrle Drive LLC
Entity
Mailing address
5505 MAIN ST, WILLIAMSVILLE, NY 14221-6759
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2025
—
Gp Wehrle Drive LLC
—
Deed
related
$1,543,000 · Empire State Certified Development Corpr
Jan 23, 2025
$3,750,000
Gp Wehrle Drive LLC
1775 Wehrle Drive Associates LLC
Warranty Deed
$1,500,000 · Key Bank NA
Jan 23, 2025
—
Gp Wehrle Drive LLC
—
Deed
related
$1,500,000 · Nybdc Local Development Corporation
Nov 14, 2007
$46,900
County Of Erie New York
1775 Wehrle Drive Associates
Warranty Deed
—
—
—
1775 Wehrle Drive Assocs LLC
—
Deed Of Trust
related
$2,000,000 · Manufacturers & Traders Trust
—
—
1775 Wehrle Drive Assocs LLC
—
Deed Of Trust
related
$682,135 · Manufacturers & Traders Trust
—
—
1775 Wehrle Drive Assocs LLC
—
Deed Of Trust
related
$650,000 · M&t Real Estate Trust
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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