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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Warehouses
2408 Bedell Rd, Grand Island, NY 14072-1263
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-4849133
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2013
Total area
12,960 SF
Lot
5.1 ac (222,156 SF)
Zoning code
M1
APN
144600 23.00-3-8
UPID
US63-4849133
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
-
All Vintage Trucks Department Store
-
JM Science Inc. Production Facility
-
All Vintage Trucks LLC Association Or Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Common Grounds Business Park LLC · 2 yrs held
Common Grounds Business Park LLC
since 2024
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
M1 · Grand Island, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+147.7%
Restaurant
$1.8M
+133.0%
Neighborhood: shopping center
$1.8M
+130.8%
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 Grand Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grand Island 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
$1,250,000
ML approach
$1,250,000
CAP Approach
CAP Return
Estimation
6%
$1,150,000
6.5%
$1,065,000
7%
$985,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$760,000
Current use
RETAIL STORES
$1,885,000
Change: +148% · Conversion: Moderate
RESTAURANT
$1,770,000
Change: +133% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,755,000
Change: +131% · Conversion: Moderate
OFFICE BUILDING
$1,515,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,305,000
Change: +71% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,070,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Jan 2 2024)
Last sale anchor
$1.25M
Jan 2 2024
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
$96 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$348,000
Assessed 2023
Previous assessed
$348,000
+0.0% YoY
Assessed land
$97,000
Assessed improvement
$251,000
Land market value
$127,633
Improvement market value
$330,267
Total market value
$457,900
Applied tax rate
144,601.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2013
Heating
NONE
Buildings
1
Stories
1
Total area
12,960 SF
Lot
5.1 ac (222,156 SF)
Zoning code
M1
APN
144600 23.00-3-8
UPID
US63-4849133
Jurisdiction
ERIE
Zoning & alternative use
M1 · Grand Island, NY
Zoning M1 · permitted uses
M1 · Grand Island, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grand Island. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$760,000
RETAIL STORES
Est. value
$1.9M
RESTAURANT
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2013
Heating
NONE
Stories
1
Buildings
1
Lot
5.1 ac
Current owner
From public records · entity-resolved
Common Grounds Business Park LLC
Entity
Mailing address
455 COMMERCE DR STE #5, AMHERST, NY 14228-2313
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
$1,250,000
Common Grounds Business Park LLC
Vintage Trucks Montana LLC
Warranty Deed
—
Jun 12, 2013
—
Gordon A Williams
Town Of Grand Island
Quit Claim Deed
related
—
Jun 12, 2013
$140,000
Vintage Trucks Montana LLC
Williams,gordon A
Warranty Deed
—
—
—
Vinatage Trucks Montana LLC
—
Deed Of Trust
related
$100,000 · Gordon A Williams & Englewood
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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