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Financial
Distress signals
Property profile

2901 Bowen Rd Elma, NY 14059

FOR SALE
Other investment properties
Property ID
US63-1926557
6,450 SF 1.42 ac lot Built 1978
Last sale Feb 2005
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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2901 Bowen Rd, Elma, NY 14059 For Sale
$679,000 6,450 SF
2901 Bowen Rd, Elma, NY 14059
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Property summary

AI-generated overview

Firehouse Square, located at 2901 Bowen Road in Elma, New York, is a mixed-use property overlooking Buffalo Creek. The building includes four office suites with total approximate areas of 1,780 sq. ft., 1,080 sq. ft., 1,200 sq. ft., and 400 sq. ft.; the first two suites are designed to be combinable. Office spaces have front access, and the first and second suites also feature rear entrances. The residential component consists of two one-bedroom, one-bath apartments, each with a large kitchen,…

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

What does the county charge?
Assessed value · 2023$12k
Assessed land$1k
Assessed improvement$11k

Value estimate

· Oct 2026
$305k
$275k – $336k
AI approach$300k
NOI build-up
Gross scheduled income$91k
Vacancy & credit loss−$16k
Operating expenses−$19k
NOI · 8.23% cap applied$56k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$83/SF
County average, outlier-cleaned · 1188 recorded sales of this use type
Observed band · Q1–Q3$43 – $129
Qualifying comparables17

Cap rate analysis

How does the asset earn?
8.23%
$56k 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?
C/AG
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 agency14.8
Restaurant11.8
Hair Salon11.0

Location

2901 Bowen Rd Elma, NY 14059
County assessor Recorded deeds · 1 transfer 17 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 · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5861 Seneca, Elma, NY 14059-9010 $240,000 Oct 2024 1,872 SF
11075 Coleman, Elma, NY 14059-9712 $126,600 Feb 2024 1,769 SF
5831 Seneca, Elma, NY 14059-9009 $500,000 Jun 2022 7,770 SF
5710 Seneca, Elma, NY 14059-9012 $450,000 Oct 2021 4,052 SF
8351 Clinton, Elma, NY 14059-8814 $250,000 Dec 2020 4,560 SF
1091 Jamison, Elma, NY 14059-9535 $295,000 Nov 2020 3,956 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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