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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Office buildings
1801 Grand Is Blvd, Grand Island, NY 14072-2249
Individually Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1813950
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2004
Total area
11,780 SF
Lot
8.5 ac (370,260 SF)
Zoning code
SBD
APN
144600 37.03-2-4
UPID
US63-1813950
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
-
Cathleen Riso Physician
-
Trilogy ( formerly M.O.G. National) Consultant Business Management Consultant
-
Trilogy- Physical Therapy and the Medically Oriented Gym - Grand Island Medical Clinic
-
Ronald Clarke Pediatrician Physician
-
Christopher K. Pepper, ATC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.21M
Blend (final)
Blend
$1.23M
Owner & transaction history
Russell Certo · 22 yrs held
Russell Certo
since 2004
6 recorded transactions
Zoning & alternative use
SBD · Grand Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+24.4%
Restaurant
$1.6M
+17.0%
Neighborhood: shopping center
$1.6M
+15.9%
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 Grand Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Island 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
$1,375,000
Current use
RETAIL STORES
$1,710,000
Change: +24% · Conversion: Moderate
RESTAURANT
$1,610,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,595,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,185,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±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
$104 / 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
$975,000
Assessed 2023
Previous assessed
$975,000
+0.0% YoY
Assessed land
$97,500
Assessed improvement
$877,500
Land market value
$128,290
Improvement market value
$1,154,610
Total market value
$1,282,900
Applied tax rate
144,601.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
11,780 SF
Lot
8.5 ac (370,260 SF)
Zoning code
SBD
APN
144600 37.03-2-4
UPID
US63-1813950
Jurisdiction
ERIE
Zoning & alternative use
SBD · Grand Island, NY
Zoning SBD · permitted uses
SBD · Grand Island, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING Current
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2004
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
8.5 ac
Current owner
From public records · entity-resolved
Russell Certo
Individual
Mailing address
259 WOODSTREAM DR, GRAND ISLAND, NY 14072-3236
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
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 4, 2017
—
Russell Certo
—
Deed
related
$750,000 · Northwest Bk
Feb 17, 2004
$50,000
Russell Certo
Krzyscin,chyme B
Warranty Deed
—
—
—
Russell Certo
—
Deed Of Trust
related
$762,000 · First Niagara Funding INC
—
—
Russell Certo
—
Deed Of Trust
related
$142,176 · Hsbc Bank USA
—
—
Russell Certo
—
Deed Of Trust
related
$75,000 · Northwest Bk
—
—
Russell Certo
—
Deed Of Trust
related
$750,000 · Northwest 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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