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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Strip malls
2228 Delaware Ave Buffalo, NY 14216-2618
Entity Owned
5-yr Hold
Free & Clear
Property ID
US63-2926793
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2000
Total area
8,670 SF
Lot
0.71 ac (30,807 SF)
Zoning code
D-S
APN
140200 78.79-3-1
UPID
US63-2926793
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
-
Western New York Occupational Medicine - Buffalo Occupational Health Service
-
Cardtronics ATM Atm
-
Inmediate Care Community Health Centre
-
Western New York Immediate Care - Buffalo Medical Clinic
-
Spectrum Store Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$700k
Owner & transaction history
570 Delaware III LLC · 5 yrs held
570 Delaware III LLC
since 2021
Last sale
$705,000
5 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
$645,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,125,000
Current use
RESTAURANT
$1,075,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$1,005,000
Change: -11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$915,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $705k (Mar 3 2021)
Last sale anchor
$705k
Mar 3 2021
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
$81 / 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
$8,429
Tax year 2023
Assessed value
$1,054,000
Assessed 2023
Previous assessed
$585,000
+80.2% YoY
Effective rate
0.80%
On assessed value
Assessed land
$308,100
Assessed improvement
$745,900
Land market value
$440,143
Improvement market value
$1,065,571
Total market value
$1,505,714
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2000
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
8,670 SF
Lot
0.71 ac (30,807 SF)
Zoning code
D-S
APN
140200 78.79-3-1
UPID
US63-2926793
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2000
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
570 Delaware III LLC
Entity
Free & Clear · 5 yrs held
Mailing address
7978 COOPER CRK BLVD #100, UNIVERSITY PARK, FL 34201-2139
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2021
$705,000
570 Delaware III LLC
Western Regional Off Track Betting
Deed
—
Apr 20, 2020
—
Western Regl Off-track Bettin
—
Deed
related
$900,000 · Bank Of Castile
May 30, 2019
—
Western Regl Off-track Bettin
—
Grant Deed
related
$2,200,000 · Bank Of Castile
—
—
Western Regional Off-track
—
Deed Of Trust
related
$7,985,046 · Bank Of Castile
—
—
Western Regl Off-track Bettin
—
Loan Modification
related
$900,000 · Bank Of Castile
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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