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Property profile & analytics
OFF-MARKET
Estimated value
$20,465,000
Strip malls
1881 Rdg Rd Buffalo, NY 14224-3334
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-2852790
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1995
Total area
114,627 SF
Lot
10.2 ac (444,312 SF)
Zoning code
10
APN
146800 143.05-4-5.1
UPID
US63-2852790
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
-
Denny's Restaurant
-
Primo Water Exchange Big Box & Wholesale Store
-
Tool & Truck Rental Center at The Home Depot (Bike/Boat/Book/etc) Store Rental Equipment Company
-
The Home Depot Building Supply Hardware & Home Improvement
-
Garden Center at The Home Depot Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.22M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$20.47M
Owner & transaction history
Agree Portfolio LLC · 4 yrs held
Agree Portfolio LLC
since 2022
Last sale
$21.3M
7 recorded transactions
Zoning & alternative use
10 · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$16.5M
+10.7%
Office building
$15.4M
+3.5%
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
$19,075,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,905,000
6.5%
$20,220,000
7%
$18,775,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$14,875,000
Current use
RETAIL STORES
$16,465,000
Change: +11% · Conversion: Easy
OFFICE BUILDING
$15,395,000
Change: +4% · Conversion: Moderate
RESTAURANT
$14,190,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$20.47M
Range $18.42M – $22.51M · ±10% · vs last sale $21.28M (May 3 2022)
Last sale anchor
$21.28M
May 3 2022
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
$179 / 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
$2,507,500
Assessed 2023
Previous assessed
$2,505,100
+0.1% YoY
Assessed land
$267,400
Assessed improvement
$2,240,100
Land market value
$1,028,462
Improvement market value
$8,615,769
Total market value
$9,644,231
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1995
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
114,627 SF
Lot
10.2 ac (444,312 SF)
Zoning code
10
APN
146800 143.05-4-5.1
UPID
US63-2852790
Jurisdiction
ERIE
Zoning & alternative use
10 · Buffalo, NY
Zoning 10 · permitted uses
10 · 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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$14.9M
RETAIL STORES
Est. value
$16.5M
OFFICE BUILDING
Est. value
$15.4M
RESTAURANT
Est. value
$14.2M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
OFFICE BUILDING
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
1995
Heating
NONE
Cooling
Yes
Stories
1
Lot
10.2 ac
Current owner
From public records · entity-resolved
Agree Portfolio LLC
Entity
Mailing address
70 E LONG LK RD, BLOOMFIELD HILLS, MI 48304-2356
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
$21,278,710
Agree Portfolio LLC
Middleton Income Invr West Seneca L
Bargain And Sale Deed
—
Sep 20, 2021
$1,200,000
Flt Seneca Lakewood LLC
Spny100 LLC
Bargain And Sale Deed
—
Sep 11, 2019
$18,900,000
Middleton Income Invtrs W Sene
Spny100 LLC
Grant Deed
—
Sep 9, 2019
$1,725,000
Dennys
Spny100 LLC
Grant Deed
—
Sep 4, 2019
—
Spny100 LLC
Spny100 LLC
Correction Deed
related
—
Mar 1, 2019
—
Spnyny 100 LLC
Spnyny 100 LLC
Quit Claim Deed
related
—
Feb 14, 2017
—
Spny100 LLC
—
Grant Deed
related
$10,010,000 · Citizens Bk NA
Jan 19, 2016
$14,000,000
Spny100 LLC
Bg West Seneca Hd LLC
Grant Deed
—
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.
Try Rey
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