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Property profile & analytics
OFF-MARKET
Automotive properties
2431 Delaware Ave, Buffalo, NY 14216-2223
Entity Owned
7-yr Hold
Free & Clear
Property ID
US63-0481212
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1965
Total area
188 SF
Lot
0.19 ac (8,150 SF)
Zoning code
N-3E
APN
140200 78.63-2-39
UPID
US63-0481212
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
by Request
Owner & transaction history
Greenlane Court LLC · 7 yrs held
Greenlane Court LLC
since 2019
7 recorded transactions
Zoning & alternative use
N-3E · Buffalo, 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 Buffalo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buffalo 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 2023Property tax & assessments
Tax year 2023
Tax billed
$447
Tax year 2023
Assessed value
$86,000
Assessed 2023
Previous assessed
$86,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$82,800
Assessed improvement
$3,200
Land market value
$118,286
Improvement market value
$4,571
Total market value
$122,857
Applied tax rate
140,200.0000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1965
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
188 SF
Lot
0.19 ac (8,150 SF)
Zoning code
N-3E
APN
140200 78.63-2-39
UPID
US63-0481212
Jurisdiction
ERIE
Zoning & alternative use
N-3E · Buffalo, NY
Zoning N-3E · permitted uses
N-3E · Buffalo, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Buffalo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Greenlane Court LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2431 DELAWARE AVE, BUFFALO, NY 14216-2223
Mailing matches property
Yes
Owner-occupied
Yes
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2020
—
Greenlane Court LLC
—
Deed
related
$2,700,000 · Lake Shore Svgs Bk
Jun 10, 2019
$2,625,000
Greenlane Court LLC
Better Buffalo Properties II LLC
Bargain And Sale Deed
—
Mar 19, 2019
$140,000
Jianmin Wang
Cummings,joan F
Warranty Deed
$112,000 · Five Star Bk
Jun 22, 2017
—
Better Buffalo Prop II LLC
—
Deed
related
$172,000 · United Bk
Mar 6, 2015
$86,000
Better Buffalo Properties II
Pinto Richard
Warranty Deed
—
—
—
Better Buffalo Prop II LLC
—
Deed Of Trust
related
$172,000 · United Bk
—
—
Greenlane Court LLC
—
Loan Modification
related
$2,700,000 · Lake Shore Svgs Bk
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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