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Property profile & analytics
OFF-MARKET
Estimated value
$4,590,000
Theaters & concert halls
2001 Elmwood Ave, Buffalo, NY 14207-1903
Entity Owned
Free & Clear
Property ID
US63-5152940
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1997
Total area
68,114 SF
Lot
8.63 ac (375,923 SF)
Zoning code
D-S
APN
140200 78.53-2-7.1
UPID
US63-5152940
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
-
Regal Elmwood Center Cinema Theater & Performing Art Venue
-
AutoZone Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.59M
Owner & transaction history
Avalon Entertainment Buffalo LLC
Avalon Entertainment Buffalo LLC
since 2025
Last sale
$3.1M
6 recorded transactions
Zoning & alternative use
D-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
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
RESTAURANT
$6,685,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,970,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,595,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$4,145,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.59M
Range $4.13M – $5.05M · ±10% · vs last sale $3.10M (May 22 2025)
Last sale anchor
$3.10M
May 22 2025
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
$67 / 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
Tax billed
$34,299
Tax year 2023
Assessed value
$4,130,000
Assessed 2023
Previous assessed
$6,600,000
-37.4% YoY
Effective rate
0.83%
On assessed value
Assessed land
$720,000
Assessed improvement
$3,410,000
Land market value
$1,028,571
Improvement market value
$4,871,429
Total market value
$5,900,000
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1997
Heating
NONE
Cooling
CENTRAL
Buildings
3
Stories
1
Total area
68,114 SF
Lot
8.63 ac (375,923 SF)
Zoning code
D-S
APN
140200 78.53-2-7.1
UPID
US63-5152940
Jurisdiction
ERIE
Zoning & alternative use
D-S · Buffalo, NY
Zoning D-S · permitted uses
D-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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.7M
AUTO REPAIR, GARAGE
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.6M
OFFICE BUILDING
Est. value
$4.1M
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1997
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
8.63 ac
Current owner
From public records · entity-resolved
Avalon Entertainment Buffalo LLC
Entity
Free & Clear · 0 yrs held
Mailing address
565 TAXTER RD, ELMSFORD, NY 10523-2300
Ownership since
2025
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
Aug 22, 2025
$3,100,000
Avalon Entertainment Buffalo LLC
G&i Ix Empire Elmwood Regal Center
Bargain & Sale Deed
—
Sep 19, 2020
—
G & I Ix Empire Elmwood Regal Ct
G Regal
Quit Claim Deed
related
—
Oct 13, 2016
—
G & I Ix Empire Elmwood Regal Ce
Buffalo-elmwood Associates LLC
Quit Claim Deed
—
Oct 13, 2016
$20,000,000
G & I Empire Elmwood Regal Center L
Buffalo Elmwood Associates LLC
Bargain And Sale Deed
—
Jun 2, 2014
$800,000
Autozone Northeast INC
Buffalo-elmwood Associates LLC
Grant Deed
—
Mar 28, 2014
—
Buffalo-elmwood Associates LLC
Erie County Industrial Dev Age
Quit Claim Deed
related
—
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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