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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3675 Harlem Rd Cheektowaga, NY 14215-2013

    • Office buildings
    • 1,953 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    $305,000
    Show details
    Cap Rate Potential
    9.2%
    Office buildings
    Location Intelligence
    Property ID
    US63-2762336
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Adrienne Rothstein Grace / Consultant
    • Innovative Dental Laboratory Services, Inc. / Dental Laboratory
    • BRAIDZ R UZ / Hair Salon
    • Network Critical Nallc / Manufacturer

    Property Details for 3675 Harlem Rd

    Year built
    1950
    Lot size
    0.38 lot acres
    Property size
    1,953 SF
    Zone code
    05C
    Property type
    Office buildings
    APN
    143089 80.17-8-21
    APU
    1430898017821

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $435,000
      6.5%
      $400,000
      7%
      $370,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $247,000
      Market price range: $134k - $333k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $225,000
      Current use
      RETAIL STORES
      $280,000
      Change: +24% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $255,000
      Change: +12% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $190,000
      Change: -16% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cheektowaga
    County
    Erie
    State
    New York
    Longitude
    -78.7837
    Latitude
    42.944
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $63,000
    $67,000
    $130,000
    -
    $69,231
    $73,626
    $142,857

    Comparable in this City

    • Value Estimation
      $230,000
      2,520 SF

      1328 Delavan Ave

      OFFICE BUILDING • 2,520 SF
      1328 Delavan Ave, Buffalo, NY 14215-3963
      View Details
    • Value Estimation
      $275,000
      3,140 SF

      374 Cleveland Dr, Unit 380

      OFFICE BUILDING • 3,140 SF
      374 Cleveland Dr, Buffalo, NY 14215-1922
      View Details
    • Value Estimation
      $510,000
      4,198 SF

      3101 Bailey Ave

      OFFICE BUILDING • 4,198 SF
      3101 Bailey Ave, Buffalo, NY 14215-1625
      View Details
    • Value Estimation
      $340,000
      12,336 SF

      1660 Kensington Ave

      OFFICE BUILDING • 12,336 SF
      1660 Kensington Ave, Buffalo, NY 14215-1437
      View Details
    • Value Estimation
      $260,000
      676 SF

      307 Millicent Ave

      OFFICE BUILDING • 676 SF
      307 Millicent Ave, Buffalo, NY 14215-2983
      View Details
    • Value Estimation
      $930,000
      5,610 SF

      3435 Bailey Ave

      OFFICE BUILDING • 5,610 SF
      3435 Bailey Ave, Buffalo, NY 14215-1145
      View Details

    Similar Nearby for Sale

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      46,363 SF building suitable for various redevelopment opportunities.
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    • $249,900

      Finished Office with Storage Garage

      Office space with quick access to Buffalo and surrounding areas.
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      Versatile Retail/Office/Storage Space Available

      4,355 SF retail/office/storage space with excellent access.
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    • $799,000
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      Bailey Avenue Medical Office Buildings

      Four vacant medical office buildings near University of Buffalo South Campus.
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    • Contact for pricing
      14,000 SF

      Medical Office Building For Sale

      14,000 SF medical office building with available space.
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    Similar Nearby for Lease

    • $1,650 /Mo

      Office Space with Reception Area

      Office space featuring reception, waiting areas, and multiple offices.
      3800 Harlem Rd, Buffalo, NY 14215
      View Details
    • $995 /Mo
      900 SF

      Versatile Retail or Office Space

      900 SF commercial space suitable for retail or office.
      1230 E Delavan Ave, Buffalo, NY 14215
      View Details
    • Contact for pricing

      Redevelopment Opportunity on Corner Location

      Office/retail/mixed-use spaces for lease with ample parking.
      1931 Kensington Ave, Buffalo, NY 14215
      View Details
    • $13 SF/Yr
      20,000 SF

      Harlem Road Executive Offices

      Prime Buffalo Office Space, Newly Renovated
      3871 Harlem Rd, Buffalo, NY 14215
      View Details
    • Contact for pricing

      Retail/Office Space Near Downtown Buffalo

      Nicely finished retail/office space with quick access to Buffalo.
      3807 Harlem Rd, Buffalo, NY 14215
      View Details
    • $3,300 /Mo
      4,000 SF

      Versatile Office Unit in Buffalo

      Office unit for lease with oversized reception area and ample parking.
      3685 Harlem Rd, Buffalo, NY 14215
      View Details
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    3675 Harlem Rd
    Cheektowaga, NY 14215-2013
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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