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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2291 Un Rd West Seneca, NY 14224-1447

    • Investment properties
    • 2,240 SF
    • 0.41 lot acres
    OFF-MARKET
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    8.4%
    Investment properties
    Location Intelligence
    Property ID
    US63-0170162
    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

    • Hodkin Steven K / Medical Clinic / Physician Assistant
    • Martinez Carlos MD / Rheumatologist

    Property Details for 2291 Un Rd

    Year built
    1989
    Lot size
    0.41 lot acres
    Property size
    2,240 SF
    Zone code
    10
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    146800 124.16-2-4.1
    APU
    14680012416241

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $405,000
      6.5%
      $370,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $334,000
      Market price range: $105k - $335k
      AI Estimate
      $334,000
      Market price range: $131k - $335k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $225,000
      Current use
      RETAIL STORES
      $320,000
      Change: +42% Conversion: Easy
      OFFICE BUILDING
      $300,000
      Change: +33% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $290,000
      Change: +28% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $220,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Seneca
    County
    Erie
    State
    New York
    Longitude
    -78.754
    Latitude
    42.8625
    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
    2019
    $11,661
    $43,300
    $86,200
    $129,500
    -
    $166,538
    $331,539
    $498,077

    Comparable in this City

    • Value Estimation
      $315,000
      2,148 SF

      997 Un Rd

      STORE/OFFICE (MIXED USE) • 2,148 SF
      997 Un Rd, West Seneca, NY 14224-3453
      View Details
    • Value Estimation
      $260,000
      1,570 SF

      959 Un Rd

      STORE/OFFICE (MIXED USE) • 1,570 SF
      959 Un Rd, West Seneca, NY 14224-3453
      View Details
    • Value Estimation
      $345,000
      3,294 SF

      4257 Seneca St

      STORE/OFFICE (MIXED USE) • 3,294 SF
      4257 Seneca St, Buffalo, NY 14224-3144
      View Details
    • Value Estimation
      $950,000
      7,360 SF

      1340 Orch Park Rd

      STORE/OFFICE (MIXED USE) • 7,360 SF
      1340 Orch Park Rd, Buffalo, NY 14224-4018
      View Details
    • Value Estimation
      $270,000
      1,800 SF

      151 America Dr

      STORE/OFFICE (MIXED USE) • 1,800 SF
      151 America Dr, Buffalo, NY 14224-2258
      View Details
    • Value Estimation
      $305,000
      7,900 SF

      2207 Un Rd

      STORE/OFFICE (MIXED USE) • 7,900 SF
      2207 Un Rd, West Seneca, NY 14224-1441
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Building with Apartments

      Multi-use building with office space and apartment units.
      1293 Union Rd, West Seneca, NY 14224
      View Details
    • $649,900
      3,914 SF

      West Seneca Car Wash Business

      Profitable car wash, high traffic area.
      2467 Clinton St, Buffalo, NY 14224
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    • $749,000
      7,573 SF

      Clinton Street Funeral Home

      West Seneca, NY Funeral Home - $749,000
      3640 Clinton St, West Seneca, NY 14224
      View Details
    • $1,199,900
      6,000 SF

      Union Road Medical Investment Property

      Cash flowing medical property with long-term tenant on Union Road.
      2100 Union Rd, West Seneca, NY 14224
      View Details
    • Contact for pricing
      10,500 SF

      Prime Corner Location Opportunity

      Corner lot with high visibility, suitable for retail or restaurant.
      1590 Southwestern Blvd, Buffalo, NY 14224
      View Details
    • $164,900

      Remodeled Two-Family Home

      Two-unit home with remodeled first floor and updated second floor.
      2115 Union Rd, West Seneca, NY 14224
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      5,000 SF

      356 Lein Rd

      Distribution properties
      356 Lein Rd, Buffalo, NY 14224
      View Details
    • $15 SF/Yr
      2,300 SF

      Professional Office Space Available

      Office space with beautiful grounds and affordable rent.
      3151 Clinton St, Buffalo, NY 14224
      View Details
    • $15 SF/Yr

      Renovated Office Space Available

      Modern office building with flexible lease options and ample parking.
      40 Gardenville Pkwy W, West Seneca, NY 14224
      View Details
    • Contact for pricing
      4,117 SF

      West Seneca Office/Medical/Retail Space

      Office, medical, or retail space available for rent.
      1900-1902 Ridge Rd, Buffalo, NY 14224
      View Details
    • $19 SF/Yr
      1,834 SF

      Clean Office Space Near Plaza

      Fair-conditioned office space near Southgate Plaza with included parking.
      3922 Seneca St, West Seneca, NY 14224
      View Details
    • $3 SF/Yr
      35,000 SF

      West Seneca Manufacturing/Warehouse Opportunity

      3.10 acre site with five buildings available for lease.
      1700 Union Rd, West Seneca, NY 14224
      View Details
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    West Seneca, NY 14224-1447
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    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
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