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Property profile & analytics
OFF-MARKET
Estimated value
$6,500,000
Industrial properties
3500 Genesee St, Buffalo, NY 14225-5015
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-1382797
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1982
Total area
50,015 SF
Lot
3.23 ac (140,699 SF)
Zoning code
05C
APN
143089 91.16-1-23.2
UPID
US63-1382797
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
$6.50M
CAP Approach
CAP
$5.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.50M
Owner & transaction history
Avalon Warehouse Solutions LLC · 2 yrs held
Avalon Warehouse Solutions LLC
since 2024
Last sale
$6.5M
3 recorded transactions
Zoning & alternative use
05C · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.2M
+418.5%
Neighborhood: shopping center
$6.5M
+368.5%
Restaurant
$6.2M
+347.0%
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 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
$6,500,000
ML approach
$6,500,000
CAP Approach
CAP Return
Estimation
6%
$5,840,000
6.5%
$5,390,000
7%
$5,005,000
Alternative Use
Use
Estimation
RETAIL STORES
$7,185,000
Change: +418% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,490,000
Change: +368% · Conversion: Difficult
RESTAURANT
$6,190,000
Change: +347% · Conversion: Difficult
OFFICE BUILDING
$5,800,000
Change: +319% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,870,000
Change: +251% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,155,000
Change: +200% · Conversion: Difficult
Blend value · Realmo final
$6.50M
Range $5.85M – $7.15M · ±10% · vs last sale $6.50M (Jun 20 2024)
Last sale anchor
$6.50M
Jun 20 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
$130 / 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
$2,590,000
Assessed 2023
Previous assessed
$2,590,000
+0.0% YoY
Assessed land
$430,000
Assessed improvement
$2,160,000
Land market value
$472,527
Improvement market value
$2,373,627
Total market value
$2,846,154
Applied tax rate
143,002.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1982
Heating
NONE
Buildings
2
Stories
1
Total area
50,015 SF
Lot
3.23 ac (140,699 SF)
Zoning code
05C
APN
143089 91.16-1-23.2
UPID
US63-1382797
Jurisdiction
ERIE
Zoning & alternative use
05C · Buffalo, NY
Zoning 05C · permitted uses
05C · 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
RETAIL STORES
Est. value
$7.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.5M
RESTAURANT
Est. value
$6.2M
OFFICE BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.2M
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1982
Heating
NONE
Stories
1
Buildings
2
Lot
3.23 ac
Current owner
From public records · entity-resolved
Avalon Warehouse Solutions LLC
Entity
Free & Clear · 2 yrs held
Mailing address
132 DINGENS ST, BUFFALO, NY 14206-2308
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2024
$6,500,000
Avalon Warehouse Solutions LLC
Delica Us Real Estate LLC
Bargain And Sale Deed
—
Oct 31, 2017
—
Chocolat Frey Us Real Est LLC
Sweetworks Confections LLC
Quit Claim Deed
related
—
Jun 6, 2014
—
Sweetworks Confections LLC
Sweetworks INC
Intrafamily Transfer
related
—
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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