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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Turn key restaurants
333 Franklin St Buffalo, NY 14202-1702
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-2598019
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1936
Total area
3,807 SF
Lot
0.03 ac (1,329 SF)
Zoning code
N-1C
APN
140200 111.30-2-7
UPID
US63-2598019
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
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$432k
Blend (final)
Blend
$600k
Owner & transaction history
Jakku Properties LLC · 3 yrs held
Jakku Properties LLC
since 2023
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
N-1C · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$545,000
+16.0%
Neighborhood: shopping center
$495,000
+4.8%
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
Method
Estimation
Statistic approach
$605,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$470,000
Current use
RETAIL STORES
$545,000
Change: +16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$495,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$470,000
Change: -1% · Conversion: Easy
OFFICE BUILDING
$440,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (May 23 2023)
Last sale anchor
$600k
May 23 2023
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
$158 / 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
Tax billed
$1,933
Tax year 2023
Assessed value
$372,000
Assessed 2023
Previous assessed
$372,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$14,400
Assessed improvement
$357,600
Land market value
$20,571
Improvement market value
$510,858
Total market value
$531,429
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1936
Heating
NONE
Buildings
1
Stories
3
Total area
3,807 SF
Lot
0.03 ac (1,329 SF)
Zoning code
N-1C
APN
140200 111.30-2-7
UPID
US63-2598019
Jurisdiction
ERIE
Zoning & alternative use
N-1C · Buffalo, NY
Zoning N-1C · permitted uses
N-1C · Buffalo, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Buffalo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$470,000
RETAIL STORES
Est. value
$545,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$470,000
OFFICE BUILDING
Est. value
$440,000
RESTAURANT Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1936
Heating
NONE
Stories
3
Buildings
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Jakku Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
257 FRANKLIN ST, BUFFALO, NY 14202-1901
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
$600,000
Jakku Properties LLC
Buffalo Development Corporation
Bargain And Sale Deed
—
Feb 14, 2019
—
Teds Jumbo Red Hots INC
—
Loan Modification
related
$2,260,000 · Keybank USA
Dec 1, 2017
—
Buffalo Dev Corp
—
Loan Modification
related
$7,750,000 · Lake Shore Svgs Bk
—
—
Buffalo Dev Corp|z Holding Corp
—
Deed Of Trust
related
$2,000,000 · Lake Shore Svgs Bk
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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