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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Individual retail properties
281 Meyer Rd, Amherst, NY 14226-1035
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-1750415
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1986
Total area
59,174 SF
Lot
5.83 ac (253,955 SF)
Zoning code
CTR-5
APN
142289 54.04-1-3.2
UPID
US63-1750415
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$985k
Owner & transaction history
281 Meyer Rd LLC · 8 yrs held
281 Meyer Rd LLC
since 2018
7 recorded transactions
Zoning & alternative use
CTR-5 · Amherst, NY
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 Amherst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Amherst 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
$985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$17 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$110,559
Tax year 2019
Assessed value
$2,480,000
Assessed 2023
Previous assessed
$2,960,000
-16.2% YoY
Effective rate
4.46%
On assessed value
Assessed land
$830,000
Assessed improvement
$1,650,000
Land market value
$1,338,710
Improvement market value
$2,661,290
Total market value
$4,000,000
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
59,174 SF
Lot
5.83 ac (253,955 SF)
Zoning code
CTR-5
APN
142289 54.04-1-3.2
UPID
US63-1750415
Jurisdiction
ERIE
Zoning & alternative use
CTR-5 · Amherst, NY
Zoning CTR-5 · permitted uses
CTR-5 · Amherst, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Amherst. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
5.83 ac
Current owner
From public records · entity-resolved
281 Meyer Rd LLC
Entity
Mailing address
62 MIDDLESEX RD, BUFFALO, NY 14216-3618
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2023
—
Elmwood Hertel Property LLC
—
Deed
related
$750,000 · Nybdc Local Development Corporation
Aug 6, 2020
—
281 Meyer Rd LLC
—
Deed
related
$3,150,000 · Evans Bk NA
May 29, 2019
—
281 Meyer Rd LLC
—
Trustees Deed
related
$430,000 · Evans Bk NA
Jun 28, 2018
$3,400,000
281 Meyer Rd LLC
Us Bk NA 2007-ldp10
Grant Deed
$2,720,000 · Evans Bk NA
Mar 2, 2018
$2,600,000
Us Bank National As 2007-ldp10 Tr
Referee Of Erie County|spirit Dk Amherst Ny LLC
Foreclosure
related
—
—
—
281 Meyer Rd LLC
—
Loan Modification
related
$3,150,000 · Evans Bk NA
—
—
Amherst Ny LLC
—
Loan Modification
related
$6,321,000 · Us Bank Series 2007-ldp10 (ce)
—
—
281 Meyer Rd LLC
—
Deed Of Trust
related
$2,590,000 · Private Individual
—
—
281 Meyer Rd LLC
—
Deed Of Trust
related
$5,670,000 · Evans Bk NA
—
—
Cole Dk Amherst Ny LLC
—
Deed Of Trust
related
$6,321,000 · J P Morgan Chase Bank
—
—
281 Meyer Rd LLC
—
Deed Of Trust
related
$3,150,000 · Evans Bk NA
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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