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Property profile & analytics
OFF-MARKET
Estimated value
$865,000
Office buildings
3021 Transit Rd Elma, NY 14059-9126
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US63-5647810
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
17,410 SF
Lot
1.76 ac (76,666 SF)
Zoning code
COMM
APN
144200 136.01-3-17
UPID
US63-5647810
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$920k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$666k
Blend (final)
Blend
$865k
Owner & transaction history
Glbs Properties LLC · 6 yrs held
Glbs Properties LLC
since 2020
Last sale
$850,000
6 recorded transactions
Zoning & alternative use
COMM · Elma, 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 Elma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elma 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
$835,000
ML approach
$920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$865k
Range $779k – $952k · ±10% · vs last sale $850k (Mar 19 2020)
Last sale anchor
$850k
Mar 19 2020
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
$50 / 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
$35,000
Assessed 2023
Previous assessed
$22,700
+54.2% YoY
Assessed land
$5,000
Assessed improvement
$30,000
Land market value
$178,571
Improvement market value
$1,071,429
Total market value
$1,250,000
Applied tax rate
144,201.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
17,410 SF
Lot
1.76 ac (76,666 SF)
Zoning code
COMM
APN
144200 136.01-3-17
UPID
US63-5647810
Jurisdiction
ERIE
Zoning & alternative use
COMM · Elma, NY
Zoning COMM · permitted uses
COMM · Elma, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elma. 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
1.76 ac
Current owner
From public records · entity-resolved
Glbs Properties LLC
Entity
Mailing address
116 GRUNER RD, BUFFALO, NY 14227-1007
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Glbs Properties LLC
—
Deed
related
$1,840,460 · Evans Bank NA
Mar 19, 2020
$850,000
Glbs Properties LLC
Brooks Coml Prop LLC
Grant Deed
$650,000 · Evans Bk NA
May 29, 2015
$720,000
3021 Transit Road LLC
Gm & Km Properties LLC
Warranty Deed
—
Mar 27, 2008
$850,000
Gm & Km Properties LLC
Issa,wassim
Warranty Deed
—
Jun 27, 2007
$680,000
Wassim Issa
Dilisio,pasquale
Warranty Deed
—
—
—
Issa Wassim
—
Deed Of Trust
related
$580,000 · Dilisio Pasquale
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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