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Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Warehouses
3211 Transit Rd, Elma, NY 14059-9047
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-0927350
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
21,845 SF
Lot
1.7 ac (74,052 SF)
Zoning code
COMM
APN
144200 136.01-1-1
UPID
US63-0927350
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
-
Bill Adamsʼ Martial Arts Training Center Sports School
-
Kimura Martial Arts Academy Gym & Fitness Center
-
Liner Guys LLC General Contractor
-
Flamingo Patio Furniture & Home Goods Home Decor Store
-
Xtreme Discount Mattress Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$725k
Blend (final)
Blend
$1.20M
Owner & transaction history
Mabrouk LLC · 2 yrs held
Mabrouk LLC
since 2024
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
COMM · Elma, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.8M
+41.1%
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
$1,200,000
ML approach
$1,200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,280,000
Current use
COMMERCIAL (GENERAL)
$1,810,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.20M (Apr 18 2024)
Last sale anchor
$1.20M
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
$55 / 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
$30,300
Assessed 2023
Previous assessed
$30,300
+0.0% YoY
Assessed land
$6,200
Assessed improvement
$24,100
Land market value
$221,429
Improvement market value
$860,714
Total market value
$1,082,143
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Heating
NONE
Buildings
1
Stories
1
Total area
21,845 SF
Lot
1.7 ac (74,052 SF)
Zoning code
COMM
APN
144200 136.01-1-1
UPID
US63-0927350
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1979
Heating
NONE
Stories
1
Buildings
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Mabrouk LLC
Entity
Mailing address
2476 WILLIAM ST, CHEEKTOWAGA, NY 14206-2648
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2024
$1,200,000
Mabrouk LLC
3211 Transit Rd INC
Bargain And Sale Deed
$630,000 · Community Bank NA
Apr 18, 2024
$31,482
3211 Transit Road INC
County Of Erie
Redemption Deed
related
—
Apr 18, 2024
$33,360
3211 Transit Road INC
County Of Erie
Redemption Deed
related
—
Apr 18, 2024
—
3211 Transit Road INC
County Of Erie
Redemption Deed
related
—
—
—
3211 Transit Rd INC
—
Deed Of Trust
related
$319,000 · Empire State Certified Dev
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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