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Property profile & analytics
OFF-MARKET
Drive through restaurants
2312 Sheridan Dr Tonawanda, NY 14150-9402
Entity Owned
7-yr Hold
Free & Clear
Property ID
US63-2961889
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1955
Total area
4,187 SF
Lot
0.6 ac (26,048 SF)
Zoning code
C
APN
146489 66.35-3-14
UPID
US63-2961889
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
-
Ted's Hot Dogs Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
2312 Sheridan Drive LLC · 7 yrs held
2312 Sheridan Drive LLC
since 2019
6 recorded transactions
Zoning & alternative use
C · Tonawanda, 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 Tonawanda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tonawanda 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2019Property tax & assessments
Tax year 2019
Tax billed
$36,158
Tax year 2019
Assessed value
$340,800
Assessed 2023
Previous assessed
$340,800
+0.0% YoY
Effective rate
10.61%
On assessed value
Assessed land
$150,000
Assessed improvement
$190,800
Land market value
$625,000
Improvement market value
$795,000
Total market value
$1,420,000
Applied tax rate
146,401.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1955
Heating
NONE
Buildings
1
Stories
1
Total area
4,187 SF
Lot
0.6 ac (26,048 SF)
Zoning code
C
APN
146489 66.35-3-14
UPID
US63-2961889
Jurisdiction
ERIE
Zoning & alternative use
C · Tonawanda, NY
Zoning C · permitted uses
C · Tonawanda, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tonawanda. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Stories
1
Buildings
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
2312 Sheridan Drive LLC
Entity
Free & Clear · 7 yrs held
Mailing address
301 OHIO ST STE #200, BUFFALO, NY 14204-2562
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2024
—
2312 Sheridan Drive LLC
—
Deed
related
$4,055,000 · Celtic Bank Corporation
Feb 14, 2019
$600,000
2312 Sheridan Drive LLC
Liaros,eter
Warranty Deed
—
Feb 14, 2019
—
Teds Jumbo Red Hots INC
—
Loan Modification
related
$2,260,000 · Keybank USA
May 29, 2018
—
2312 Sheridan Drive LLC
Ortolani,thecly
Quit Claim Deed
related
—
Aug 19, 2016
—
Thecly Ortalani
Liaros S T Living Trust
Quit Claim Deed
related
—
Feb 2, 2012
—
Liaros Spiro T Trust
Llaros,spiro
Quit Claim Deed
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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