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Property profile & analytics
OFF-MARKET
Estimated value
$260,000
Investment properties
338 Central Ave Dunkirk, NY 14048-2100
Entity Owned
7-yr Hold
Free & Clear
Property ID
US63-3560413
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
12,956 SF
Lot
0.11 ac (4,590 SF)
Zoning code
CBD
APN
060300 79.14-6-27
UPID
US63-3560413
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
-
Nussbaumer & Clarke Civil Engineer Electrical Engineer
-
Dunkirk Health Center Physician
-
Dunkirk City Development Department City Government Office
-
Lloyd Ceila A DDS Dental Office
-
Wca Outpatient Behavioral Health Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$426k
Blend (final)
Blend
$260k
Owner & transaction history
Dunkirk City Of · 7 yrs held
Dunkirk City Of
since 2019
3 recorded transactions
Zoning & alternative use
CBD · Dunkirk, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CBD is designed to provide for the concentration of public services (like general retail, service, finance, insurance and real estate) and related uses in the City of Dunkirk. In addition to providing general services to the City of Dunkirk residents, the CBD should complement the C-1 district and include uses that attract tourists. The CBD will act as t…
Zone name
Central Business District
General category
COMMERCIAL
Zone area
32.04 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$815,000
+28.0%
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 Dunkirk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dunkirk 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)
$635,000
Current use
AUTO REPAIR, GARAGE
$815,000
Change: +28% · Conversion: Difficult
Blend value · Realmo final
$260k
Range $234k – $286k · ±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
$20 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$163,800
Assessed 2023
Previous assessed
$163,800
+0.0% YoY
Assessed land
$3,700
Assessed improvement
$160,100
Land market value
$6,727
Improvement market value
$291,091
Total market value
$297,818
Applied tax rate
60,300.0000
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
1900
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
12,956 SF
Lot
0.11 ac (4,590 SF)
Zoning code
CBD
APN
060300 79.14-6-27
UPID
US63-3560413
Jurisdiction
CHAUTAUQUA
Zoning & alternative use
CBD · Dunkirk, NYZoning CBD · permitted uses
CBD · Dunkirk, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CBD is designed to provide for the concentration of public services (like general retail, service, finance, insurance and real estate) and related uses in the City of Dunkirk. In addition to providing general services to the City of Dunkirk residents, the CBD should complement the C-1 district and include uses that attract tourists. The CBD will act as the retail, financial and administrative center of the City of Dunkirk and surrounding area.
Zone name
Central Business District
General category
COMMERCIAL
Zone area
32.04 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$635,000
AUTO REPAIR, GARAGE
Est. value
$815,000
COMMERCIAL (GENERAL) Current
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
1900
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Dunkirk City Of
Entity
Free & Clear · 7 yrs held
Mailing address
342 CENTRAL AVE, DUNKIRK, NY 14048-2122
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2019
$170,000
Dunkirk City Of
Robert K Lesser T
Deed
—
Apr 29, 2016
$550,000
Center Disabled United Secular Ame
Robert K Trustee Lesser
Deed
—
May 8, 2007
$300,000
Ing Trust April 21 Trust Robert K L
Palmer Bryant Realty INC
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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