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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Bowling alleys
1840 Military Rd, Buffalo, NY 14217-1020
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-3581866
Property summary
AI-generated overview
This exceptional Kenmore, NY commercial property, located at 1840 Military Rd, presents a unique investment opportunity. The 34,917 square foot building, constructed in 1961, sits on a 2.98-acre lot and boasts a single story design. Currently housing a thriving business, Classic Lanes, this turnkey operation offers immediate revenue generation with a projected Net Operating Income (NOI) of $325,000 for 2024. The sale includes the established business, complete with 36 synthetic bowling lanes (installed approximately 2022), Brunswick A-2 pinsetters, a full kitchen and bar, lounge area, café, and updated kitchen equipment (including new freezers, ice maker, and grill). Additional features include a large divisible event room, a dedicated birthday party room, and ample on-site parking. This prime location on Military Rd ensures high visibility and consistent foot traffic, while the adaptable interior space allows for diverse business applications. The property's substantial size and Kenmore's ongoing development promise significant long-term growth potential. Detailed financials are available upon request with a signed Non-Disclosure Agreement (NDA).
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
1961
Total area
34,917 SF
Lot
3.22 ac (140,263 SF)
Zoning code
P-S
APN
146489 52.84-2-3
UPID
US63-3581866
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
-
ChargeSmart EV Charging Station Electric Vehicle Charging Station
-
Bowlers Choice Pro Shop (Bike/Boat/Book/etc) Store Bowling Alley
-
Classic Lanes Bowling Alley
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$905k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$705k
Blend (final)
Blend
$920k
Owner & transaction history
Classic Lanes Realty LLC · 6 yrs held
Classic Lanes Realty LLC
since 2020
Last sale
$950,000
3 recorded transactions
Zoning & alternative use
P-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
$875,000
ML approach
$905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $950k (Feb 18 2020)
Last sale anchor
$950k
Feb 18 2020
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
$26 / 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
$54,011
Tax year 2019
Assessed value
$488,000
Assessed 2023
Previous assessed
$488,000
+0.0% YoY
Effective rate
11.07%
On assessed value
Assessed land
$115,000
Assessed improvement
$373,000
Land market value
$479,159
Improvement market value
$1,554,141
Total market value
$2,033,300
Applied tax rate
146,401.0000
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
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
1961
Heating
NONE
Buildings
1
Stories
1
Total area
34,917 SF
Lot
3.22 ac (140,263 SF)
Zoning code
P-S
APN
146489 52.84-2-3
UPID
US63-3581866
Jurisdiction
ERIE
Zoning & alternative use
P-S · Buffalo, NY
Zoning P-S · permitted uses
P-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
1961
Heating
NONE
Stories
1
Buildings
1
Lot
3.22 ac
Current owner
From public records · entity-resolved
Classic Lanes Realty LLC
Entity
Mailing address
1840 MILITARY RD, KENMORE, NY 14217-1020
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2020
$950,000
Classic Lanes Realty LLC
Borowski Ents LLC
Grant Deed
$75,000 · Borowski Ents LLC
Jul 29, 2008
$400,000
Borowski Ent LLC
Amfbowling Ctr INC
Grant Deed
—
May 10, 2004
—
Amf Bowling Centers INC
—
Deed Of Trust
related
$1,763,922 · Credit Suisse First Boston
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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