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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Showrooms
266 Buffalo St, Hamburg, NY 14075-5159
Trust Owned
14-yr Hold
~
Est. High Equity
Property ID
US63-0152076
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1975
Total area
7,384 SF
Lot
0.45 ac (19,536 SF)
Zoning code
CBD
APN
144803 196.05-4-18
UPID
US63-0152076
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
-
Kula Yoga Hamburg Gym & Fitness Center
-
Golden Hire Consulting Employment Agency
-
The Grove Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Shannon Sherman, Buffalo Boardwalk Real Estate LLC Real Estate Agency
-
Buffalo Boardwalk Real Estate Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$765k
Blend (final)
Blend
$695k
Owner & transaction history
266 Buffalo Street Trust · 14 yrs held
266 Buffalo Street Trust
since 2011
5 recorded transactions
Zoning & alternative use
CBD · Hamburg, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+44.6%
Restaurant
$1.0M
+36.0%
Neighborhood: shopping center
$1.0M
+34.8%
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 Hamburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamburg 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$740,000
Current use
RETAIL STORES
$1,075,000
Change: +45% · Conversion: Easy
RESTAURANT
$1,010,000
Change: +36% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,000,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$860,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$740,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10%
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
$94 / 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
$260,000
Assessed 2023
Previous assessed
$260,000
+0.0% YoY
Assessed land
$60,000
Assessed improvement
$200,000
Land market value
$187,500
Improvement market value
$625,000
Total market value
$812,500
Applied tax rate
144,801.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1975
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
7,384 SF
Lot
0.45 ac (19,536 SF)
Zoning code
CBD
APN
144803 196.05-4-18
UPID
US63-0152076
Jurisdiction
ERIE
Zoning & alternative use
CBD · Hamburg, NY
Zoning CBD · permitted uses
CBD · Hamburg, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hamburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$740,000
RETAIL STORES
Est. value
$1.1M
RESTAURANT
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
OFFICE BUILDING
Est. value
$860,000
AUTO REPAIR, GARAGE
Est. value
$740,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1975
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
266 Buffalo Street Trust
Trust
Mailing address
PO BOX 388, LAKE VIEW, NY 14085-0388
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2023
—
Why Hamburg LLC
—
Deed
related
$465,000 · Community Bank NA
Mar 13, 2018
—
William R Barrett
—
Deed
related
$14,184 · Hamburg Economic Area Revitali
Nov 30, 2011
$449,000
266 Buffalo Street Trust
Hurtubise,daniel H
Grant Deed
$410,000 · 266 Buffalo Street Trust
Nov 8, 2006
$78,850
Dot Nys
Hurtubise,daniel H
Warranty Deed
—
—
—
William R Barrett
—
Deed Of Trust
related
$14,184 · Hamburg Economic Area Revitali
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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