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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Office buildings
216 Main St Westfield, NY 14787-1133
Entity Owned
28-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2975553
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2020
Total area
7,888 SF
Lot
1.2 ac (52,272 SF)
Zoning code
R-3
APN
067201 193.13-2-18
UPID
US63-2975553
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
-
Julie Schaefer Physician
-
Katie Madden Pediatrician Physician
-
Family Health Medical Services Medical Clinic
-
Dr. Jeremy Riedesel Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$982k
Blend (final)
Blend
$1.07M
Owner & transaction history
TRIPLE R, LLC
TRIPLE R, LLC
Zoning & alternative use
R-3 · Westfield, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Multifamily (R-3) Districts are intended to enhance and protect the older residential areas while encouraging compatible new development on large vacant lots and permitting conversions of older homes into apartments where the location and lot size makes conversions compatible with the character of the neighborhood
Zone name
Multiple Residential
General category
RESIDENTIAL
Zone area
477.96 ac
Source
Realmo
Top alternative use upside
Restaurant
$790,000
+10.7%
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 Westfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westfield 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
$715,000
Current use
RESTAURANT
$790,000
Change: +11% · Conversion: Moderate
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±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
$136 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$899,200
Assessed 2023
Previous assessed
$899,200
+0.0% YoY
Assessed land
$36,000
Assessed improvement
$863,200
Land market value
$60,504
Improvement market value
$1,450,757
Total market value
$1,511,261
Applied tax rate
67,201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2020
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
7,888 SF
Lot
1.2 ac (52,272 SF)
Zoning code
R-3
APN
067201 193.13-2-18
UPID
US63-2975553
Jurisdiction
CHAUTAUQUA
Zoning & alternative use
R-3 · Westfield, NYZoning R-3 · permitted uses
R-3 · Westfield, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Multifamily (R-3) Districts are intended to enhance and protect the older residential areas while encouraging compatible new development on large vacant lots and permitting conversions of older homes into apartments where the location and lot size makes conversions compatible with the character of the neighborhood
Zone name
Multiple Residential
General category
RESIDENTIAL
Zone area
477.96 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$715,000
RESTAURANT
Est. value
$790,000
OFFICE BUILDING Current
RESTAURANT
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
2020
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
TRIPLE R, LLC
Entity
Free & Clear · 0 yrs held
Mailing address
95 E CHAUTAUQUA ST, MAYVILLE, NY 14757-1017
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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