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    Property profile & analytics

    2351 Frst Rd Amherst, NY 14068-9902

    • Office buildings
    • 25,202 SF
    • 2.20 lot acres
    OFF-MARKET
    Value Estimations
    $2,405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2734257
    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

    • Everest Receivable Services Inc / Accounting Firm / Loan Service
    • Diverse Funding Associates, LLC / Bank / Credit Union
    • Tower Foundation / Charitable Organization / Social Service Agency

    Property Details for 2351 Frst Rd

    Year built
    1989
    Lot size
    2.20 lot acres
    Property size
    25,202 SF
    Property type
    Office buildings
    APN
    142289 41.03-1-22.1
    APU
    14228941031221

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,473,000
      Market price range: $1.83M - $4.27M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,945,000
      Current use
      RETAIL STORES
      $3,660,000
      Change: +24% Conversion: Moderate
      RESTAURANT
      $3,445,000
      Change: +17% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $3,410,000
      Change: +16% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,535,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Erie
    State
    New York
    Longitude
    -78.7751
    Latitude
    43.0095
    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
    $49,364
    $355,000
    $1,395,000
    $1,750,000
    -
    $572,581
    $2,250,000
    $2,822,581

    Comparable in this City

    • Value Estimation
      $1,570,000
      34,821 SF

      2420 Frst Rd, Unit 2430

      OFFICE BUILDING • 34,821 SF
      2420 Frst Rd, Getzville, NY 14068-1224
      View Details
    • Value Estimation
      $3,910,000
      40,516 SF

      155 Crosspoint Pkwy

      OFFICE BUILDING • 40,516 SF
      155 Crosspoint Pkwy, Getzville, NY 14068-1603
      View Details
    • Value Estimation
      $8,490,000
      86,640 SF

      150 Crosspoint Pkwy

      OFFICE BUILDING • 86,640 SF
      150 Crosspoint Pkwy, Getzville, NY 14068-1602
      View Details
    • Value Estimation
      $8,620,000
      87,718 SF

      490 Crosspoint Pkwy

      OFFICE BUILDING • 87,718 SF
      490 Crosspoint Pkwy, Getzville, NY 14068
      View Details
    • Value Estimation
      $610,000
      4,992 SF

      647 Dodge Rd

      OFFICE BUILDING • 4,992 SF
      647 Dodge Rd, Getzville, NY 14068-1212
      View Details
    • Value Estimation
      $2,790,000
      29,355 SF

      55 Dodge Rd

      OFFICE BUILDING • 29,355 SF
      55 Dodge Rd, Amherst, NY 14068-1205
      View Details

    Similar Nearby for Sale

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      Retail Showroom on One Acre

      Retail property featuring showroom, offices, and storage on one acre.
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    • Contact for pricing
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    Similar Nearby for Lease

    • Contact for pricing
      89,924 SF

      Class A Office Building

      High-end office space with ample parking and convenient location.
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      View Details
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      Versatile Space in Sweet Home Centre

      Office, lab, or medical space available in Amherst, NY.
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      12,137 SF

      Class A Office Space Available

      LEED Silver certified office space for lease in Amherst, NY.
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    • $750 /Mo
      100 SF

      Salon Suite in Vibe Studios

      Private salon suite with shared amenities, available April 1st, 2026.
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    • Contact for pricing

      High Visibility Retail/Office Opportunity

      Former convenience store ideal for retail, restaurant, or office business.
      2550 Millersport Hwy, Getzville, NY 14068
      View Details
    • Contact for pricing
      15,800 SF

      Office Suites Near University at Buffalo

      Multi-tenant office building near University at Buffalo's North Campus.
      2430 North Forest Rd, Getzville, NY 14068
      View Details
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    Amherst, NY 14068-9902
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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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