Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    248 Bird Ave Buffalo, NY 14213-1187

    • Investment properties
    • 3,050 SF
    • 0.17 lot acres
    OFF-MARKET
    Last Sale
    Nov 16, 2021
    $50,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-1850821
    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

    • EG Tax / Tax Preparation / Accountant

    Property Details for 248 Bird Ave

    Year built
    1920
    Lot size
    0.17 lot acres
    Property size
    3,050 SF
    Zone code
    N-2C
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    140200 88.67-3-44
    APU
    1402008867344

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8898
    Latitude
    42.9261
    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
    2023
    $686
    $74,700
    $57,300
    $132,000
    -
    $106,714
    $81,857
    $188,571

    Comparable in this City

    • Value Estimation by Request
      1,602 SF

      833 7th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,602 SF
      833 7th St, Buffalo, NY 14213-2110
      View Details
    • Value Estimation by Request
      2,878 SF

      192 Grant St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,878 SF
      192 Grant St, Buffalo, NY 14213-1698
      View Details
    • Value Estimation by Request
      3,318 SF

      591 Fargo Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,318 SF
      591 Fargo Ave, Buffalo, NY 14213-2028
      View Details
    • Value Estimation by Request
      2,464 SF

      477 Rhode Is St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,464 SF
      477 Rhode Is St, Buffalo, NY 14213-2315
      View Details
    • Value Estimation by Request
      6,750 SF

      981 Niagara St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,750 SF
      981 Niagara St, Buffalo, NY 14213-2000
      View Details
    • Value Estimation
      $5,580,000
      60,735 SF

      1502 Niagara St

      OFFICE/RESIDENTIAL (MIXED USE) • 60,735 SF
      1502 Niagara St, Buffalo, NY 14213-1180
      View Details

    Similar Nearby for Sale

    • $500,000
      12,768 SF

      Four-Story Building on Niagara Street

      12,768 SF mixed-use building near universities and major routes.
      1287 Niagara St, Buffalo, NY 14213
      View Details
    • $989,000
      10,442 SF

      Mixed-Use Building in Prime Location

      Mixed-use building with retail and residential units in Buffalo, NY.
      65 Grant St, Buffalo, NY 14213
      View Details
    • $989,000

      Restored Mixed-Use Building with Apartments

      Classic mixed-use building with retail and residential units in Buffalo.
      65 Grant St, Buffalo, NY 14213
      View Details
    • $650,000

      Historic Mixed-Use Building in Buffalo

      Three-story building with commercial and residential spaces near Peace Bridge.
      831 Niagara St, Buffalo, NY 14213
      View Details
    • Contact for pricing
      50,246 SF

      Niagara Street Development Opportunity

      95-unit apartment complex, prime Buffalo location
      990 Niagara St, Buffalo, NY 14213
      View Details
    • $299,000
      6,452 SF

      Mixed-Use Redevelopment Opportunity

      Mixed-use redevelopment opportunity in Buffalo's West Side with approved plans.
      213 Vermont St, Buffalo, NY 14213
      View Details

    Similar Nearby for Lease

    • $2,700 /Mo
      1,350 SF

      Remodeled Ice Cream and Candy Shop

      Turn-key ice cream and candy shop in a high-traffic area.
      389-401 Connecticut St, Buffalo, NY 14213
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Two street-level units in up-and-coming historic neighborhood.
      389 Connecticut St, Buffalo, NY 14213
      View Details
    • Contact for pricing
      30,700 SF

      Retail Space in Densely Populated Area

      Retail space with ample parking in a densely populated area.
      257 W Ferry St, Buffalo, NY 14213
      View Details
    • $25 SF/Yr
      700 SF

      Grant Street Retail Storefront

      Brand new 700 sq ft retail space in Buffalo, NY.
      386 Grant St, Buffalo, NY 14213
      View Details
    • $5 SF/Yr
      3,545 SF

      Versatile Flex Space Available

      Adaptable flex space with high ceilings and convenient access.
      75 Bird Ave, Buffalo, NY 14213
      View Details
    • $22 SF/Yr
      11,000 SF

      1088 Niagara St Office Space

      West Buffalo Office/Retail Opportunity
      1088 Niagara St, Buffalo, NY 14213
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    248 Bird Ave
    Buffalo, NY 14213-1187
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.