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Property profile & analytics
OFF-MARKET
Office buildings
3101 Bailey Ave Buffalo, NY 14215-1625
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-1970573
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1939
Total area
4,198 SF
Lot
0.31 ac (13,639 SF)
Zoning code
N-3C
APN
140200 90.25-7-3
UPID
US63-1970573
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
-
Mos Insurance Agency Insurance Agency
-
Buffalo Bangla Inc Publishing House Newspaper & Magazine
-
DeshiOne Funding Financial Advisor
-
WNY HOME CARE Adult Day Care Center Home Health Care Service
-
Bangla Newsday Newspaper & Magazine Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Bangladesh Plaza LLC · 4 yrs held
Bangladesh Plaza LLC
since 2022
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
N-3C · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
as applied in the N-3C zone. J. Elmwood Village Standards. 1. The Elmwood Village is defined as the area north of North Street, south of Forest Avenue, east of Richmond Avenue, and west of Delaware Avenue, but not including any parcel that abuts Delaware Avenue or Gates Circle. 2. The following standards apply to all principal buildings in the Elmwood Villag…
Zone name
Mixed Use Center Neighborhood Zone
General category
MIXED_USE
Zone area
309.68 ac
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 Buffalo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buffalo 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Tax billed
$1,377
Tax year 2023
Assessed value
$265,000
Assessed 2023
Previous assessed
$265,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$14,300
Assessed improvement
$250,700
Land market value
$20,429
Improvement market value
$358,142
Total market value
$378,571
Applied tax rate
140,200.0000
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
1939
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
4,198 SF
Lot
0.31 ac (13,639 SF)
Zoning code
N-3C
APN
140200 90.25-7-3
UPID
US63-1970573
Jurisdiction
ERIE
Zoning & alternative use
N-3C · Buffalo, NYZoning N-3C · permitted uses
N-3C · Buffalo, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
as applied in the N-3C zone. J. Elmwood Village Standards. 1. The Elmwood Village is defined as the area north of North Street, south of Forest Avenue, east of Richmond Avenue, and west of Delaware Avenue, but not including any parcel that abuts Delaware Avenue or Gates Circle. 2. The following standards apply to all principal buildings in the Elmwood Village that are designed to accommodate one or more commercial establishments: a. A commercial establishment may have a gross floor area of no more than 3,500 square feet on the ground story and 7,000 square feet overall. b. At least one main entrance must be provided for each 30 feet of front facade width along any ground story space designed to accommodate a commercial establishment. 3. No more than two lots in the Elmwood Village, existing at the time of the adoption of this Ordinance, may be combined for the purposes of new construction in an N-2C or
Zone name
Mixed Use Center Neighborhood Zone
General category
MIXED_USE
Zone area
309.68 ac
Building & site characteristics
From public records
Year built
1939
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Bangladesh Plaza LLC
Entity
Free & Clear · 4 yrs held
Mailing address
214 STRALEY AVE, BUFFALO, NY 14211-2815
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2023
—
Bangladesh Plaza LLC
—
Deed
related
$240,000 · Velocity Commercial Capital LLC
May 17, 2022
$500,000
Bangladesh Plaza LLC
Reliance Property Solutions LLC
Warranty Deed
—
Nov 17, 2021
$475,000
Reliance Property Solutions LLC
A&a Properties Of Wny LLC
Deed
$137,500 · A&a Properties Of Wny LLC
Jun 29, 2015
$275,000
A & A Properties Of Wny LLC
Keybank NA
Grant Deed
$220,000 · First Niagara Bk
Jul 26, 2012
$350,000
Keybank Natl
Hsbc Bk USA
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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