Entity Owned 
For Lease
1 / 3
$555,000
3373 Delaware Ave, Tonawanda, NY 14217
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Property summary
AI-generated overview
A vacant, one-story block building with a total area of 4,990 square feet is located on a 0.36-acre corner lot. The structure has a history of retail tire store use dating to 1966 and is configured with six overhead doors facing Delaware Avenue and two overhead doors facing Harding Avenue. The building includes an air-conditioned reception/office area of approximately 700 square feet, with bathrooms provided both in the reception/office area and in the repair area. There is also a mezzanine above the repair area on the Delaware Avenue side, and a pylon sign is located along Delaware Avenue. The property is situated about five blocks south of Sheridan Drive (NYS 324) and approximately 1.5 miles south of the I290/Delaware access.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1966
Total area
4,990 SF
Lot
0.36 ac (15,515 SF)
Zoning code
C
APN
146489 66.46-4-1
UPID
US63-3564448
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Auto Parts Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$555k
Owner & transaction history
since 2023
Last sale
$550,000
1 recorded transaction
Zoning & alternative use
C · Buffalo, NY
Top alternative use upside
Retail stores
$715,000
+47.5%
Neighborhood: shopping center
$650,000
+33.3%
Office building
$580,000
+19.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$555k
Value range
$500k – $611k
±10% around blend
Estimated value / SF
$111 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
60
Income certainty
100
$500k
blend $555k
$611k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,990 SF
Lot area
0.36 ac
Year built
1966
Stories
1
APN
146489 66.46-4-1
Zoning
C
Assessed value
$168,100
Annual tax
$23,297
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$23,297
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$447k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
1.9 mi away · 5,250 SF
10.1 mi away · 5,632 SF
10.4 mi away · 3,542 SF
15.2 mi away · 4,377 SF
21.5 mi away · 5,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$555k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 121 sales
$97
+14%
County 218 sales
$101
+11%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $111/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+48%
vs current-use indication
Neighborhood: Shopping Center
Office Building
Auto Repair, Garage · current use
Commercial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.61%
Selected cap rate for this auto shops
Derived from the Tonawanda market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.61%
9.0%
NOI (est.)
$22k *
Last sale · Apr 2023
$550k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$475k
Move the market yield to see immediate price impact.
Value / SF
$95
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.11%4.61%5.11%
$20k
$480k
$428k
$386k
$22k
$533k
$475k
$429k
$24k
$586k
$523k
$471k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$452k
1.8 mi · Jan 2026 · $79/SF
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$23,297
Tax year 2019
Assessed value
$168,100
Assessed 2023
Previous assessed
$217,000
-22.5% YoY
Effective rate
13.86%
On assessed value
Assessed land
$91,000
Assessed improvement
$77,100
Land market value
$379,167
Improvement market value
$321,250
Total market value
$700,417
Applied tax rate
146,401.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Lease
Year built
1966
Heating
NONE
Buildings
1
Stories
1
Total area
4,990 SF
Lot
0.36 ac (15,515 SF)
Zoning code
C
APN
146489 66.46-4-1
UPID
US63-3564448
Jurisdiction
ERIE
Zoning & alternative use
C · Buffalo, NYZoning C · permitted uses
C · Buffalo, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Heating
NONE
Stories
1
Buildings
1
Lot
0.36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C
Jurisdiction
Buffalo, NY
Recorded code
C
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C in Buffalo, NY.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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