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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Office buildings
24 Portage St Westfield, NY 14787
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-2144223
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1910
Total area
48,292 SF
Lot
0.33 ac (14,416 SF)
Zoning code
B-1
APN
067201 192.20-4-5
UPID
US63-2144223
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$515k
Owner & transaction history
2 Portage LLC · 3 yrs held
2 Portage LLC
since 2023
Last sale
$475,000
2 recorded transactions
Zoning & alternative use
B-1 · Westfield, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Retail Business (B-1) District and any design standards applicable therein is to protect and enhance the existing commercial core of the Village and enable it to better meet the needs of residents and visitors by ensuring that the development and redevelopment of land within the district is appropriate and compatible with the development o…
Zone name
Retail Business
General category
COMMERCIAL
Zone area
14.75 ac
Source
Realmo
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 Westfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westfield 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
$515,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $475k (Feb 28 2023)
Last sale anchor
$475k
Feb 28 2023
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
$11 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$145,778
Assessed 2023
Previous assessed
$145,778
+0.0% YoY
Assessed land
$100,000
Assessed improvement
$45,778
Land market value
$168,067
Improvement market value
$76,938
Total market value
$245,005
Applied tax rate
67,201.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1910
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
4
Total area
48,292 SF
Lot
0.33 ac (14,416 SF)
Zoning code
B-1
APN
067201 192.20-4-5
UPID
US63-2144223
Jurisdiction
CHAUTAUQUA
Zoning & alternative use
B-1 · Westfield, NYZoning B-1 · permitted uses
B-1 · Westfield, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Retail Business (B-1) District and any design standards applicable therein is to protect and enhance the existing commercial core of the Village and enable it to better meet the needs of residents and visitors by ensuring that the development and redevelopment of land within the district is appropriate and compatible with the development of surrounding land and historical nature of the district
Zone name
Retail Business
General category
COMMERCIAL
Zone area
14.75 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Cooling
Yes
Stories
4
Buildings
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
2 Portage LLC
Entity
Mailing address
500 SENECA ST STE #508, BUFFALO, NY 14204-1963
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2023
$475,000
2 Portage LLC
Westfield Town Of
Deed
$475,000 · Chautauqua County Of
Jan 7, 2014
$357,555
Town Of Westfield
Northington Holdings LLC
Quit Claim Arm's Length For Ne States
—
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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