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Financial
Distress signals
Property profile

289 Ramsdell Ave Buffalo, NY 14216

FOR SALE
Other warehouses
Property ID
US63-1144903
6,000 SF 0.33 ac lot Built 1970
Last sale Jul 2026 · $950,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a subdividable warehouse-office setup in North Buffalo, located just off Elmwood Avenue. It consists of two interconnected buildings configured for flexible occupancy: Building #1 has approximately 9,640 sq. ft. and Building #2 has approximately 7,200 sq. ft., for a combined total of about 16,840 sq. ft. The existing improvements can be used for warehouse space, office space, or a combination, and the dual-building, interconnected design supports multiple tenancy configurations…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$2k
Tax billed · 2023
Assessed value$460k
Assessed land$14k
Assessed improvement$446k
Effective rate0.52%

Value estimate

· Oct 2026
$270k
$243k – $297k
AI approach$260k
NOI build-up
Gross scheduled income$263k
Vacancy & credit loss−$28k
Operating expenses−$70k
NOI · 14.91% cap applied$164k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$56/SF
Submarket average, outlier-cleaned · 146 recorded sales of this use type
Observed band · Q1–Q3$24 – $79
Qualifying comparables6

Cap rate analysis

How does the asset earn?
14.91%
$164k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
D-IL
D-R, D-M, D-E, D-S, D-C, D-IL, D-IH, D-OS, D-OG, D-ON, C-R C-W-100 TABLE 5A: WATERFRONT YARDS DECEMBER 2016 CITY OF BUFFALO | CHAPTER 496...
General categoryMIXED_USE
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency32.1
Law Firm18.3
Daycare Center12.4

Location

289 Ramsdell Ave Buffalo, NY 14216
County assessor Recorded deeds · 3 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
68 Comet, Buffalo, NY 14216-1711 $350,000 May 2025 4,595 SF
81 Botsford, Buffalo, NY 14216-2601 $290,000 May 2021 5,235 SF
1570 Kenmore, Buffalo, NY 14216 $505,000 May 2021 10,161 SF
269 Hinman, Buffalo, NY 14216-1014 $325,000 Sep 2019 3,760 SF
540 Colvin, Buffalo, NY 14216-1302 $1,100,000 Jul 2019 6,900 SF
461 Hinman, Buffalo, NY 14216-1018 $250,000 Jul 2019 6,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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