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Property profile & analytics
FOR SALE
Office buildings
3700 Seneca St Buffalo, NY 14224
Individually Owned
7-yr Hold
Free & Clear
Property ID
US63-1167926
For Sale
1 / 40
$399,900
3700 Seneca St, Buffalo, NY 14224
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1964
Total area
2,304 SF
Lot
0.49 ac (21,450 SF)
Zoning code
10
APN
146800 143.07-1-26
UPID
US63-1167926
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
-
Law Offices of Daniel Wisher Law Firm Financial Advisor
-
Matthew B. Herdzik Jr. Law Firm
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
Matthew B Herdzik JR. · 7 yrs held
Matthew B Herdzik JR.
since 2018
7 recorded transactions
Zoning & alternative use
10 · 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
$9,493
Tax year 2019
Assessed value
$103,900
Assessed 2023
Previous assessed
$103,900
+0.0% YoY
Effective rate
9.14%
On assessed value
Assessed land
$56,600
Assessed improvement
$47,300
Land market value
$217,692
Improvement market value
$181,923
Total market value
$399,615
Applied tax rate
146,801.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Sale
Year built
1964
Heating
NONE
Buildings
1
Stories
2
Total area
2,304 SF
Lot
0.49 ac (21,450 SF)
Zoning code
10
APN
146800 143.07-1-26
UPID
US63-1167926
Jurisdiction
ERIE
Zoning & alternative use
10 · Buffalo, NY
Zoning 10 · permitted uses
10 · 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
1964
Heating
NONE
Stories
2
Buildings
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Matthew B Herdzik JR.
Individual
Free & Clear · 7 yrs held
Mailing address
3700 SENECA ST, WEST SENECA, NY 14224-3400
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2018
—
Matthew B Herdzik JR.
Keating,larry R
Affidavit Of Death
related
—
Aug 13, 2018
—
Matthew B Herdzik JR.
Kehnhoff,hilda H
Affidavit Of Death
related
—
Jun 1, 2018
—
Matthew B Herdzik JR.
Edie,robert SR
Affidavit Of Death
related
—
Jan 26, 2018
—
Matthew B Herdzik JR.
Roy,shirley
Affidavit Of Death
related
—
Sep 13, 2017
—
Matthew B Herdzik JR.
Copella James R
Affidavit Of Death
related
—
Dec 21, 2016
—
Matthew B Herdzik JR
Downer Norman
Affidavit Of Death
related
—
Mar 4, 2016
—
Matthew B Herdzik JR
Castle George J
Affidavit Of Death
related
—
Jun 16, 2010
—
Matthew B Herdzik JR.
Holbrook Charles J
Affidavit Of Death
related
—
Mar 4, 2010
$52,500
Matthew B Herdzik JR.
Lane,lawrence S
Grant Deed
$52,500 · Herdzik Family Trust (pt)
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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