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Property profile & analytics
OFF-MARKET
Estimated value
$16,560,000
Office buildings
1901 Main St Buffalo, NY 14208-1079
Individually Owned
17-yr Hold
Free & Clear
Property ID
US63-6033366
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1925
Total area
192,811 SF
Lot
3.3 ac (143,748 SF)
Zoning code
D-E
APN
140200 89.19-1-4.111
UPID
US63-6033366
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
-
Canisius University - Science Hall College
-
Institute for Autism Research Research Institute
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.09M
Blend (final)
Blend
$16.56M
Owner & transaction history
Canisius College Of Buffalo Ny · 17 yrs held
Canisius College Of Buffalo Ny
since 2008
1 recorded transaction
Zoning & alternative use
D-E · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
D-R, D-M, D-E, D-S, D-C, D-IL, D-IH, D-OS, D-OG, D-ON, C-R C-W-100 TABLE 5A: WATERFRONT YARDS DECEMBER 2016 CITY OF BUFFALO | CHAPTER 496, UNIFIED DEVELOPMENT ORDINANCE CORRIDOR ZONES | 5-9 where it finds that development in these areas will adversely affect the water quality of the water body. b. A shoreline buffer, consisting of undisturbed native or natur…
Zone name
Educational Campus District
General category
OPEN_SPACE
Zone area
365.31 ac
Top alternative use upside
Neighborhood: shopping center
$25.0M
+11.9%
Restaurant
$23.9M
+6.8%
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
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
$22,360,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$25,020,000
Change: +12% · Conversion: Difficult
RESTAURANT
$23,870,000
Change: +7% · Conversion: Moderate
AUTO REPAIR, GARAGE
$18,770,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$16.56M
Range $14.90M – $18.22M · ±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
$86 / 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
$376,880
Tax year 2019
Assessed value
$11,200,000
Assessed 2023
Previous assessed
$11,200,000
+0.0% YoY
Effective rate
3.36%
On assessed value
Assessed land
$575,900
Assessed improvement
$10,624,100
Land market value
$822,714
Improvement market value
$15,177,286
Total market value
$16,000,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1925
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
192,811 SF
Lot
3.3 ac (143,748 SF)
Zoning code
D-E
APN
140200 89.19-1-4.111
UPID
US63-6033366
Jurisdiction
ERIE
Zoning & alternative use
D-E · Buffalo, NYZoning D-E · permitted uses
D-E · Buffalo, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
D-R, D-M, D-E, D-S, D-C, D-IL, D-IH, D-OS, D-OG, D-ON, C-R C-W-100 TABLE 5A: WATERFRONT YARDS DECEMBER 2016 CITY OF BUFFALO | CHAPTER 496, UNIFIED DEVELOPMENT ORDINANCE CORRIDOR ZONES | 5-9 where it finds that development in these areas will adversely affect the water quality of the water body. b. A shoreline buffer, consisting of undisturbed native or naturalized vegetation, must be provided for a minimum depth of 50 feet from the mean high water line. Grading, filling, excavation, clear cutting, and removal of vegetative cover are prohibited within this shoreline buffer, except in the following instances: i. To implement erosion and flood control measures. ii. To facilitate a water-dependent use. iii. To control noxious or invasive vegetation. iv. To implement green infrastructure
Zone name
Educational Campus District
General category
OPEN_SPACE
Zone area
365.31 ac
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$22.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$25.0M
RESTAURANT
Est. value
$23.9M
AUTO REPAIR, GARAGE
Est. value
$18.8M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1925
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
3.3 ac
Current owner
From public records · entity-resolved
Canisius College Of Buffalo Ny
Individual
Free & Clear · 17 yrs held
Mailing address
2001 MAIN ST, BUFFALO, NY 14208-1035
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2008
$18,450,000
Canisius College Of Buffalo Ny
Uniland Ptshp Of Delaware
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.
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