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Property profile & analytics
OFF-MARKET
Turn key restaurants
2487 Niagara Fls Blvd, Buffalo, NY 14228-3527
Individually Owned
25-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2007773
Property summary
AI-generated overview
This exceptional 2,005-square-foot free-standing retail or restaurant space presents a remarkable leasing opportunity in Amherst, NY. Located on Niagara Falls Boulevard, this Class C building boasts a highly visible location with substantial foot traffic and proximity to other established businesses such as Ted's, Anderson's, and Checkers. Built in 1974, the property is situated conveniently off the I-290 exit, ensuring easy accessibility. The single-tenant space is currently vacant and fully equipped as a turnkey restaurant, including seating for 96 customers with existing furniture and kitchen equipment. Ample on-site parking is available, complemented by prominent pylon signage for enhanced visibility. This property is situated in Erie County and offers a rare chance to establish or relocate a thriving business in a densely populated area with strong retail presence. The space is ready for immediate occupancy.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1974
Total area
2,005 SF
Lot
0.67 ac (29,185 SF)
APN
142289 40.10-6-9.1
UPID
US63-2007773
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
ELIAS GOGOS
ELIAS GOGOS
Zoning & alternative use
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 2019Property tax & assessments
Tax year 2019
Tax billed
$7,087
Tax year 2019
Assessed value
$180,000
Assessed 2023
Previous assessed
$180,000
+0.0% YoY
Effective rate
3.94%
On assessed value
Assessed land
$145,000
Assessed improvement
$35,000
Land market value
$233,871
Improvement market value
$56,452
Total market value
$290,323
Applied tax rate
142,207.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1974
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
2,005 SF
Lot
0.67 ac (29,185 SF)
APN
142289 40.10-6-9.1
UPID
US63-2007773
Jurisdiction
ERIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
ELIAS GOGOS
Individual
Free & Clear · 0 yrs held
Mailing address
9425 WILLOWWOOD DR, CLARENCE, NY 14031-1229
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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