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Property profile & analytics
OFF-MARKET
Banks
3586 Main St Buffalo, NY 14226-3122
Entity Owned
10-yr Hold
Free & Clear
Property ID
US63-3937326
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2011
Total area
1,945 SF
Lot
0.41 ac (17,860 SF)
Zoning code
GB
APN
142289 79.32-2-25.1
UPID
US63-3937326
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Amherst Station II LLC · 10 yrs held
Amherst Station II LLC
since 2016
5 recorded transactions
Zoning & alternative use
GB · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,860
Tax year 2019
Assessed value
$960,000
Assessed 2023
Previous assessed
$295,360
+225.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$97,000
Assessed improvement
$863,000
Land market value
$156,452
Improvement market value
$1,391,935
Total market value
$1,548,387
Applied tax rate
142,201.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2011
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
1,945 SF
Lot
0.41 ac (17,860 SF)
Zoning code
GB
APN
142289 79.32-2-25.1
UPID
US63-3937326
Jurisdiction
ERIE
Zoning & alternative use
GB · Buffalo, NY
Zoning GB · permitted uses
GB · 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.
Building & site characteristics
From public records
Year built
2011
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Amherst Station II LLC
Entity
Free & Clear · 10 yrs held
Mailing address
11501 NORTHLAKE DR, CINCINNATI, OH 45249-1669
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2016
$1,802,000
Amherst Station II LLC
Lb-ubs 2007-c6-3500 Main Stree
Grant Deed
—
May 8, 2015
—
Lb-ubs 2007-c6 Trust
3500 Main Street Station INC
Grant Deed
related
—
Mar 20, 2015
$9,868,150
Lb-ubs 2007-c6-3500 Main Stree
3500 Main Street Station INC
Grant Deed
related
—
Aug 30, 2007
$750,000
University Station INC
Bg M-k LLC
Grant Deed
—
Nov 22, 2004
$181,620
Bg M-k LLC
Benderson R 1993-1 Trust
Grant 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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