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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Manufacturing properties
2885 Commerce Dr, Alden, NY 14004-8538
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-3355288
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2000
Total area
10,200 SF
Lot
2.46 ac (107,158 SF)
Zoning code
M-2
APN
142089 96.00-4-7.1
UPID
US63-3355288
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
-
Hubco Inc Production Facility Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$895k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
$595k
Blend (final)
Blend
$895k
Owner & transaction history
Sp Buckley Holding LLC · 2 yrs held
Sp Buckley Holding LLC
since 2024
Last sale
$895,000
2 recorded transactions
Zoning & alternative use
M-2 · Alden, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+317.9%
Restaurant
$1.4M
+293.1%
Neighborhood: shopping center
$1.4M
+289.4%
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 Alden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alden 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
$895,000
ML approach
$895,000
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$690,000
7%
$640,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,480,000
Change: +318% · Conversion: Moderate
RESTAURANT
$1,395,000
Change: +293% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,380,000
Change: +289% · Conversion: Difficult
OFFICE BUILDING
$1,190,000
Change: +236% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,025,000
Change: +189% · Conversion: Easy
COMMERCIAL (GENERAL)
$845,000
Change: +138% · Conversion: Difficult
WAREHOUSE, STORAGE
$600,000
Change: +69% · Conversion: Easy
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $895k (Apr 18 2024)
Last sale anchor
$895k
Apr 18 2024
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
$88 / 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
$663,000
Assessed 2023
Previous assessed
$663,000
+0.0% YoY
Assessed land
$89,600
Assessed improvement
$573,400
Land market value
$141,103
Improvement market value
$902,997
Total market value
$1,044,100
Applied tax rate
142,001.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2000
Heating
NONE
Buildings
1
Stories
1
Total area
10,200 SF
Lot
2.46 ac (107,158 SF)
Zoning code
M-2
APN
142089 96.00-4-7.1
UPID
US63-3355288
Jurisdiction
ERIE
Zoning & alternative use
M-2 · Alden, NY
Zoning M-2 · permitted uses
M-2 · Alden, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.5M
RESTAURANT
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$845,000
WAREHOUSE, STORAGE
Est. value
$600,000
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2000
Heating
NONE
Stories
1
Buildings
1
Lot
2.46 ac
Current owner
From public records · entity-resolved
Sp Buckley Holding LLC
Entity
Mailing address
6 STONERIDGE LN, AKRON, NY 14001-1500
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
$895,000
Sp Buckley Holding LLC
Huber Holdings INC
Warranty Deed
$890,000 · Huber Holdings INC
May 3, 2011
$602,000
Huber Holdings INC
Jp International Tool INC
Grant Deed
—
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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