Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2251 Harlem Rd Cheektowaga, NY 14225

    • Commercial real estate
    • 0.18 lot acres
    OFF-MARKET
    Last Sale
    Sep 09, 2021
    $450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4764341
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2251 Harlem Rd

    Lot size
    0.18 lot acres
    Zone code
    05C
    Property type
    Commercial real estate
    APN
    143089 102.38-2-31
    APU
    14308910238231

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cheektowaga
    County
    Erie
    State
    New York
    Longitude
    -78.784
    Latitude
    42.9128
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $28,600
    $400
    $29,000
    -
    $31,428
    $440
    $31,868

    Comparable in this City

    • Value Estimation by Request
      0.20 Acres

      14 Queens Dr

      Land • 0.20 Acres
      14 Queens Dr, Buffalo, NY 14225
      View Details
    • Value Estimation by Request
      14.50 Acres

      Cayuga Rd

      COMMERCIAL (GENERAL) • 14.50 Acres
      Cayuga Rd, Buffalo, NY 14225
      View Details
    • Value Estimation by Request
      0.14 Acres

      590 Duke Rd

      COMMERCIAL (GENERAL) • 0.14 Acres
      590 Duke Rd, Buffalo, NY 14225-5102
      View Details
    • Value Estimation by Request
      0.09 Acres

      Vl Walden Ave

      COMMERCIAL (GENERAL) • 0.09 Acres
      Vl Walden Ave, Buffalo, NY 14225
      View Details
    • Value Estimation
      $2,635,000
      0.92 Acres

      4821 Genesee St

      COMMERCIAL (GENERAL) • 0.92 Acres
      4821 Genesee St, Buffalo, NY 14225-2409
      View Details
    • Value Estimation
      $1,150,000
      17,500 SF

      2450 Walden Ave

      COMMERCIAL (GENERAL) • 17,500 SF
      2450 Walden Ave, Cheektowaga, NY 14225-4718
      View Details

    Similar Nearby for Sale

    • $149,900
      1,892 SF

      Cheektowaga Commercial Building - Great Potential

      Multi-use building, updated, needs sewer repair. Cash sale.
      3063 Genesee St, Cheektowaga, NY 14225
      View Details
    • $2,195,000
      16,344 SF

      Amherst 18-Unit Apartment Complex

      Pristine 18-unit apartment complex with renovated units and upside potential.
      495 Wehrle Dr, Buffalo, NY 14225
      View Details
    • $399,000
      6,726 SF

      Freestanding Building on George Urban

      Freestanding building with income potential and ample parking.
      85 George Urban Blvd, Buffalo, NY 14225
      View Details
    • $800,000

      Auto Garage on Corner Lot

      Auto garage with high visibility and additional vacant lot.
      2810 Harlem Rd, Buffalo, NY 14225
      View Details
    • Contact for pricing

      Commercial Building on George Urban

      Well-maintained commercial building suitable for various business uses.
      1045 George Urban Blvd, Cheektowaga, NY 14225
      View Details
    • $3,799,000

      Multifamily Development Land Available

      6.08 AC site for multifamily development, up to 340 units.
      100 Mckesson Pkwy, Buffalo, NY 14225
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr
      11,760 SF

      Harlem Road Commercial Leasing Opportunity

      High-visibility office spaces available for lease on Harlem Road.
      3435 Harlem Rd, Buffalo, NY 14225
      View Details
    • $10 SF/Yr
      29,748 SF

      The Loft: Cheektowaga Office Space

      Versatile Office & Industrial Space in Cheektowaga, NY
      600 Cayuga Rd, Cheektowaga, NY 14225
      View Details
    • Contact for pricing
      5,576 SF

      Genesee Street Restaurant Opportunity

      Prime location, fully equipped, high traffic.
      4610 Genesee St, Cheektowaga, NY 14225
      View Details
    • $12 SF/Yr
      33,689 SF

      Modern Office Spaces in Cheektowaga

      Premier office spaces with modern facilities and convenient location.
      301 Cayuga Rd, Buffalo, NY 14225
      View Details
    • Contact for pricing
      39,100 SF

      Cheektowaga Warehouse Sublease Opportunity

      Warehouse sublease with truck docks, high ceilings, convenient location.
      425 Cayuga Rd, Buffalo, NY 14225
      View Details
    • Contact for pricing
      870 SF

      Genesee Street Retail/Manufacturing Space

      Retail or light manufacturing space available for rent.
      3509 Genesee St, Buffalo, NY 14225
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2251 Harlem Rd
    Cheektowaga, NY 14225
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!