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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2490 Walden Ave, Unit 2538 Buffalo, NY 14225-4718

    • Community centers
    • 189,326 SF
    • 17.10 lot acres
    OFF-MARKET
    Value Estimations
    $15,910,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5293946
    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

    • Community centers

    Property Details for 2490 Walden Ave

    Year built
    2015
    Lot size
    17.10 lot acres
    Property size
    189,326 SF
    Property type
    Community centers
    APN
    143089 103.13-2-5.11
    APU
    143089103132511

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $24,570,000
      Current use
      RESTAURANT
      $23,440,000
      Change: -5% Conversion: Difficult
      OFFICE BUILDING
      $21,960,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.7435
    Latitude
    42.9097
    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
    $0.00
    $1,830,000
    $9,150,900
    $10,980,900
    -
    $2,010,989
    $10,055,934
    $12,066,923

    Comparable in this City

    • Value Estimation
      $7,870,000
      99,534 SF

      Walden Galleria

      MINI-MALL • 99,534 SF
      Walden Galleria, Buffalo, NY 14225
      View Details
    • Value Estimation
      $11,525,000
      117,000 SF

      1750 Walden Ave

      MINI-MALL • 117,000 SF
      1750 Walden Ave, Cheektowaga, NY 14225-4925
      View Details
    • Value Estimation
      $1,265,000
      79,960 SF

      400 Thruway Plz Dr

      MINI-MALL • 79,960 SF
      400 Thruway Plz Dr, Buffalo, NY 14225-4943
      View Details
    • Value Estimation
      $11,740,000
      137,535 SF

      3733-3735 Un Rd

      MINI-MALL • 137,535 SF
      3733-3735 Un Rd, Buffalo, NY 14225
      View Details
    • Value Estimation
      $14,945,000
      175,000 SF

      Walden Galleria

      MINI-MALL • 175,000 SF
      Walden Galleria, Buffalo, NY 14225
      View Details
    • Value Estimation
      $2,805,000
      33,030 SF

      3401 Genesee St

      MINI-MALL • 33,030 SF
      3401 Genesee St, Buffalo, NY 14225-5051
      View Details

    Similar Nearby for Sale

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      28,377 SF

      Mixed-Use Retail Plaza For Sale

      Mixed-use retail plaza with apartments and storefronts on Genesee Street.
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      11,421 SF

      Rite Aid NNN Investment

      NNN leased Rite Aid in Cheektowaga, New York.
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      Genesee Street Mixed-Use Building

      Freestanding mixed-use building with retail and residential units.
      2392 Genesee St, Cheektowaga, NY 14225
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      Harlem Road Retail/Office Opportunity

      Retail or office space available for sale or lease.
      3740 Harlem Rd, Buffalo, NY 14225
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    • $369,000
      2,970 SF

      Freestanding Garage on Corner Lot

      Freestanding garage on 0.62 acres with abundant parking.
      3440 Genesee St, Cheektowaga, NY 14225
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    • $195,000
      4,100 SF

      Corner Retail/Manufacturing Space Available

      Retail or light manufacturing space in a high-traffic location.
      3509 Genesee St, Cheektowaga, NY 14225
      View Details

    Similar Nearby for Lease

    • $750 /Mo

      Union Road Retail/Office Space Available

      Retail and office spaces available for lease on Union Road.
      3800 Union Rd, Buffalo, NY 14225
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      151,224 SF

      Community Shopping Center Retail Space

      Retail spaces for lease in Cheektowaga's Thruway Plaza.
      2195 Harlem Rd, Buffalo, NY 14225
      View Details
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      5,576 SF

      Genesee Street Restaurant Opportunity

      Prime location, fully equipped, high traffic.
      4610 Genesee St, Cheektowaga, NY 14225
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    • Contact for pricing

      Prime Retail/Office Space Available

      Highly visible retail/office space in Cheektowaga, near airport.
      2521 Walden Ave, Cheektowaga, NY 14225
      View Details
    • $175,000
      870 SF

      Genesee Street Retail/Manufacturing Space

      Retail or light manufacturing space available for rent.
      3509 Genesee St, Buffalo, NY 14225
      View Details
    • Contact for pricing
      10,404 SF

      Cheektowaga Retail Space For Lease

      1,000+ SF former salon, prime location.
      3035 Genesee St, Cheektowaga, NY 14225
      View Details
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    2490 Walden Ave, Unit 2538
    Buffalo, NY 14225-4718
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    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
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