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    Property profile & analytics

    2677 Maple Ave Newfane, NY 14108-1016

    • Warehouses
    • 572 SF
    • 1.50 lot acres
    OFF-MARKET
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6283419
    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

    • Warehouses

    Property Details for 2677 Maple Ave

    Year built
    1964
    Lot size
    1.50 lot acres
    Property size
    572 SF
    Property type
    Warehouses
    APN
    292800 38.12-2-49
    APU
    2928003812249

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Newfane
    County
    Niagara
    State
    New York
    Longitude
    -78.7077
    Latitude
    43.2853
    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
    0
    $0.00
    $16,400
    $41,200
    $57,600
    -
    $31,547
    $79,253
    $110,800

    Comparable in this City

    • Value Estimation
      $250,000
      9,216 SF

      2445 Lockport Olcott Rd

      WAREHOUSE, STORAGE • 9,216 SF
      2445 Lockport Olcott Rd, Newfane, NY 14108
      View Details
    • Value Estimation
      $230,000
      3,728 SF

      6136 1st St

      WAREHOUSE, STORAGE • 3,728 SF
      6136 1st St, Newfane, NY 14108-1201
      View Details
    • Value Estimation by Request
      2,256 SF

      2789 Main St

      WAREHOUSE, STORAGE • 2,256 SF
      2789 Main St, Newfane, NY 14108-1234
      View Details
    • Value Estimation
      $250,000
      6,560 SF

      6266 Dl Rd

      WAREHOUSE, STORAGE • 6,560 SF
      6266 Dl Rd, Newfane, NY 14108
      View Details
    • Value Estimation
      $900,000
      101,534 SF

      2712 Ww Ave

      WAREHOUSE, STORAGE • 101,534 SF
      2712 Ww Ave, Newfane, NY 14108-1222
      View Details
    • Value Estimation
      $270,000
      5,762 SF

      3025 Lockport Olcott Rd

      BULK STORAGE, TANKS • 5,762 SF
      3025 Lockport Olcott Rd, Newfane, NY 14108-9775
      View Details

    Similar Nearby for Sale

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      Multifamily property available in Newfane, NY.
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    • $315,000
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      Newfane Main Street Mixed-Use Property

      Historic Newfane restaurant & 2.8 acres. Turnkey operation.
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    • $599,000
      11,402 SF

      Established Restaurant and Retail Opportunity

      Profitable restaurant, retail units, and land for sale.
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    • $50,000

      Newfane Land with Development Potential

      8.6 acre lot in Newfane, NY with development potential.
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    • $1,400,000
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      Former Hospital Building in Newfane

      63,106 SF former hospital on 7.5 acres for sale.
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    Similar Nearby for Lease

    • $5 SF/Yr

      Newfane Warehouse and Office Space

      Warehouse and office space available for lease in Newfane, NY.
      2712 West Ave, Newfane, NY 14108
      View Details
    • $12 SF/Yr
      11,402 SF

      Versatile Commercial Space Available

      Restaurant, retail, or event space opportunity.
      3333 Lockport-Olcott Rd, Newfane, NY 14108
      View Details
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    2677 Maple Ave
    Newfane, NY 14108-1016
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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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