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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Office buildings
211 Hertel Ave Buffalo, NY 14207-2167
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-1492728
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Total area
8,060 SF
Lot
0.46 ac (20,200 SF)
Zoning code
D-IL
APN
140200 77.81-6-23
UPID
US63-1492728
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
-
Cypress North Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$847k
Blend (final)
Blend
$820k
Owner & transaction history
Erie County Industrial Development · 3 yrs held
Erie County Industrial Development
since 2022
7 recorded transactions
Zoning & alternative use
D-IL · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.2M
+23.8%
Neighborhood: shopping center
$1.0M
+11.9%
Restaurant
$1.0M
+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
$935,000
Current use
RETAIL STORES
$1,160,000
Change: +24% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,045,000
Change: +12% · Conversion: Difficult
RESTAURANT
$1,000,000
Change: +7% · Conversion: Moderate
AUTO REPAIR, GARAGE
$785,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$102 / 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
$2,884
Tax year 2023
Assessed value
$555,000
Assessed 2023
Previous assessed
$555,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$22,000
Assessed improvement
$533,000
Land market value
$31,429
Improvement market value
$761,428
Total market value
$792,857
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
1930
Heating
NONE
Buildings
1
Stories
1
Total area
8,060 SF
Lot
0.46 ac (20,200 SF)
Zoning code
D-IL
APN
140200 77.81-6-23
UPID
US63-1492728
Jurisdiction
ERIE
Zoning & alternative use
D-IL · Buffalo, NY
Zoning D-IL · permitted uses
D-IL · 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
OFFICE BUILDING Current
Est. value
$935,000
RETAIL STORES
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RESTAURANT
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$785,000
OFFICE BUILDING Current
RETAIL STORES
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
1930
Heating
NONE
Stories
1
Buildings
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Erie County Industrial Development
Entity
Mailing address
211 HERTEL AVE, BUFFALO, NY 14207-2167
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2022
—
Erie County Industrial Development
Hertel Pacific LLC
Lease
—
Feb 27, 2020
—
Hertel Pacific LLC
—
Deed Of Trust
related
$800,000 · Evans Bk NA
Apr 30, 2019
$235,160
Hertel Pacific LLC
Hertel Com Corp
Warranty Deed
—
Oct 9, 2018
$117,000
Hertel Com Corp
Bison Claremont Associates INC
Grant Deed
—
Aug 11, 2016
$113,000
Bison Claremont Associates INC
Apo Com INC
Grant Deed
—
Dec 30, 2015
—
Apo Com INC
Hertel Com Corp
Warranty Deed
—
Sep 29, 2014
—
Hertel Com Corp
Commercial Chemicals INC
Grant Deed
—
—
—
Hertel Com Corp
—
Deed Of Trust
related
$50,000 · Mdf Group LLC
—
—
Hertel Pacific LLC
—
Deed Of Trust
related
$800,000 · Evans Bk NA
—
—
Erie Cnty Indl Dev Agcy
—
Deed Of Trust
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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