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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Community centers
3640 Delaware Ave Buffalo, NY 14217-1110
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US63-2450725
Property summary
AI-generated overview
This exceptional retail property, located at 3640 Delaware Avenue in Buffalo, New York, presents a significant investment opportunity. The building boasts 26,000 square feet of space spread across two stories, situated on a 1.23-acre lot. Its prime location in the Kenmore town of Tonawanda retail area offers excellent demographics and high visibility. The property benefits from a corner location at a signalized intersection, ensuring maximum exposure to potential customers. Ample parking is available with 70 spaces provided on-site. The building is classified as Class B and is currently offered for sale by owner. This storefront presents a rare chance to acquire a substantial retail space in a thriving commercial area. The property's size and location make it ideal for a variety of retail uses, offering significant potential for growth and return on investment. Detailed information regarding the property's history, lease terms, and financial records are available upon request. Serious inquiries only. The zip code is 14217, and the property is in Erie County.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1941
Total area
22,776 SF
Lot
1.27 ac (55,321 SF)
Zoning code
C
APN
146489 66.22-5-17.1
UPID
US63-2450725
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
-
Save A Lot Grocery & Convenience Store Food Market
-
New York Food Project - Food bank, Food Charity Charitable Organization
-
Amazon Locker - Invite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.06M
Owner & transaction history
Dream Operations INC · 5 yrs held
Dream Operations INC
since 2020
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
C · 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
Method
Estimation
Statistic approach
$965,000
ML approach
$1,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10% · vs last sale $1.05M (Aug 10 2020)
Last sale anchor
$1.05M
Aug 10 2020
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
$46 / 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
$52,807
Tax year 2019
Assessed value
$500,000
Assessed 2023
Previous assessed
$500,000
+0.0% YoY
Effective rate
10.56%
On assessed value
Assessed land
$255,000
Assessed improvement
$245,000
Land market value
$1,062,483
Improvement market value
$1,020,817
Total market value
$2,083,300
Applied tax rate
146,401.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1941
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
22,776 SF
Lot
1.27 ac (55,321 SF)
Zoning code
C
APN
146489 66.22-5-17.1
UPID
US63-2450725
Jurisdiction
ERIE
Zoning & alternative use
C · Buffalo, NYZoning C · permitted uses
C · Buffalo, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1941
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.27 ac
Current owner
From public records · entity-resolved
Dream Operations INC
Entity
Mailing address
3640 DELAWARE AVE, TONAWANDA, NY 14217-1110
Ownership since
2020
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
Aug 10, 2020
$1,050,000
Dream Operations INC
Cowan Colonial Real Estate LLC
Warranty Deed
$532,500 · Keybank USA
Aug 10, 2020
—
Empire St Certified Dev Corp
—
Deed
related
$532,500 · Keybank USA
Dec 18, 2013
—
Cowan Colonial Real Estate LLC
Cowan Albert Family Trust
Quit Claim Deed
—
—
—
Empire St Certified Dev Corp
—
Deed Of Trust
related
$532,500 · Keybank USA
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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