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Property profile & analytics
OFF-MARKET
Estimated value
$3,210,000
Investment properties
337 Ellicott St Buffalo, NY 14203
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US63-1357642
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1967
Total area
32,452 SF
Lot
0.72 ac (31,220 SF)
Zoning code
N-1C
APN
140200 111.46-6-8
UPID
US63-1357642
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
-
Mobile Mechanic of Buffalo Auto Repair Shop
-
Scott HVAC HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$3.21M
Owner & transaction history
Iskalo 337 Ellicott LLC · 15 yrs held
Iskalo 337 Ellicott LLC
since 2011
4 recorded transactions
Zoning & alternative use
N-1C · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.7M
+51.0%
Neighborhood: shopping center
$4.2M
+36.4%
Restaurant
$4.0M
+30.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,085,000
Current use
RETAIL STORES
$4,660,000
Change: +51% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,210,000
Change: +36% · Conversion: Difficult
RESTAURANT
$4,020,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$3,765,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,160,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.21M
Range $2.89M – $3.53M · ±10%
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
$99 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$36,919
Tax year 2019
Assessed value
$2,400,000
Assessed 2023
Previous assessed
$2,400,000
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$343,400
Assessed improvement
$2,056,600
Land market value
$490,571
Improvement market value
$2,938,000
Total market value
$3,428,571
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1967
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
2
Total area
32,452 SF
Lot
0.72 ac (31,220 SF)
Zoning code
N-1C
APN
140200 111.46-6-8
UPID
US63-1357642
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
COMMERCIAL (GENERAL) Current
Est. value
$3.1M
RETAIL STORES
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
RESTAURANT
Est. value
$4.0M
OFFICE BUILDING
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1967
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Iskalo 337 Ellicott LLC
Entity
Mailing address
5166 MAIN ST, WILLIAMSVILLE, NY 14221-5246
Ownership since
2011
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 25, 2011
$1,100,000
Iskalo 337 Ellicott LLC
Ellicott Huron LLC
Bargain And Sale Deed
$760,000 · Manufacturers & Traders Trust Co
Jul 20, 2010
—
Ellicott Huron LLC
Albarella Dorothy E
Grant Deed
—
—
—
Iskalo 337 Ellicott LLC
—
Loan Modification
related
$854,514 · Miscellaneous Ins Co
—
—
Iskalo 337 Ellicott LLC
—
Loan Modification
related
$762,419 · Five Star 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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