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Property profile & analytics
FOR SALE
Parking lots & garages
196 Franklin St, Buffalo, NY 14218
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US63-3642192
For Sale
1 / 9
$2,699,000
196 Franklin St, Buffalo, NY 14218
View Listing →
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.28 ac (12,075 SF)
Zoning code
N-1D
APN
140200 111.45-3-4
UPID
US63-3642192
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
-
Pay2Park Lot #28 Parking Lot & Garage
-
Lot 28a Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shane Ents Of Buffalo INC · 22 yrs held
Shane Ents Of Buffalo INC
since 2004
3 recorded transactions
Zoning & alternative use
N-1D · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Tax billed
$1,039
Tax year 2023
Assessed value
$200,000
Assessed 2023
Previous assessed
$200,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$132,800
Assessed improvement
$67,200
Land market value
$189,714
Improvement market value
$96,000
Total market value
$285,714
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
Parking lots & garages
Use group
PARKING LOT
Status
For Sale
Heating
NONE
Lot
0.28 ac (12,075 SF)
Zoning code
N-1D
APN
140200 111.45-3-4
UPID
US63-3642192
Jurisdiction
ERIE
Zoning & alternative use
N-1D · Buffalo, NY
Zoning N-1D · permitted uses
N-1D · 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
Heating
NONE
Lot
0.28 ac
Current owner
From public records · entity-resolved
Shane Ents Of Buffalo INC
Entity
Mailing address
PO BOX 176, CLARENCE, NY 14031-0176
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2009
—
Shane Ents Of Buffalo INC
—
Trustees Deed
related
$60,000 · Hazal & Bahar Agah
Jan 29, 2004
—
Shane Ents Of Buffalo INC
Khanjani,s S
Warranty Deed
$850,000 · Stancorp Mortgage Investors
—
—
Shane Ents Of Buffalo INC
—
Loan Modification, Consolidation And Extension
related
$600,000 · Standard Insurance Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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