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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Office buildings
2099 Grand Is Blvd, Grand Island, NY 14072-2266
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-3186778
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2018
Total area
6,000 SF
Lot
0.94 ac (40,800 SF)
Zoning code
CBD
APN
144600 37.03-2-22
UPID
US63-3186778
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
-
Grand Island Optical Physician
-
Island BodyWorks Physical Therapy Medical Clinic
-
Island Pets And Feed, Inc. (Bike/Boat/Book/etc) Store Pet Store
-
SUP4Pets (Bike/Boat/Book/etc) Store Pet Store & Service
-
Angela Bucella Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$804k
Blend (final)
Blend
$755k
Owner & transaction history
Jemi Of Grand Island INC · 7 yrs held
Jemi Of Grand Island INC
since 2019
2 recorded transactions
Zoning & alternative use
CBD · Grand Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$870,000
+24.4%
Restaurant
$820,000
+17.0%
Neighborhood: shopping center
$810,000
+15.9%
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 Grand Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Island 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
$700,000
Current use
RETAIL STORES
$870,000
Change: +24% · Conversion: Moderate
RESTAURANT
$820,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$810,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$605,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$126 / 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
$650,000
Assessed 2023
Previous assessed
$650,000
+0.0% YoY
Assessed land
$67,000
Assessed improvement
$583,000
Land market value
$88,162
Improvement market value
$767,138
Total market value
$855,300
Applied tax rate
144,601.0000
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
2018
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
0.94 ac (40,800 SF)
Zoning code
CBD
APN
144600 37.03-2-22
UPID
US63-3186778
Jurisdiction
ERIE
Zoning & alternative use
CBD · Grand Island, NY
Zoning CBD · permitted uses
CBD · Grand Island, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$700,000
RETAIL STORES
Est. value
$870,000
RESTAURANT
Est. value
$820,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$605,000
OFFICE BUILDING Current
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
2018
Heating
NONE
Stories
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
Jemi Of Grand Island INC
Entity
Mailing address
724 RANSOM RD, GRAND ISLAND, NY 14072-1464
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2019
—
Jemi Of Grand Island INC
—
Grant Deed
related
$1,370,000 · Northwest Bk
—
—
Jemi Of Grand Island INC
—
Deed Of Trust
related
$630,163 · Northwest Bk
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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