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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Office buildings
38 Lk St, Hamburg, NY 14075-4951
Individually Owned
4-yr Hold
Free & Clear
Property ID
US63-5618390
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1830
Total area
6,192 SF
Lot
0.62 ac (26,950 SF)
APN
144803 195.08-7-12
UPID
US63-5618390
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
-
Southtowns Mental Health Counseling Crisis Center Medical Clinic
-
Earth Energy Consultants, LLC Consultant Engineering Consultant
-
Campbell & Associates Law Firm
-
Village Park Commons Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$685k
Owner & transaction history
Jennifer Lynne Ray · 4 yrs held
Jennifer Lynne Ray
since 2022
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$900,000
+24.4%
Restaurant
$845,000
+17.0%
Neighborhood: shopping center
$840,000
+15.9%
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 Hamburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamburg 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$725,000
Current use
RETAIL STORES
$900,000
Change: +24% · Conversion: Moderate
RESTAURANT
$845,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$625,000
Change: -14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$620,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$685k
Range $617k – $754k · ±10%
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
$111 / 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
$302,500
Assessed 2023
Previous assessed
$302,500
+0.0% YoY
Assessed land
$25,000
Assessed improvement
$277,500
Land market value
$78,125
Improvement market value
$867,188
Total market value
$945,313
Applied tax rate
144,801.0000
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
Off-Market
Year built
1830
Heating
STEAM
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
8
Bathrooms
1
Total area
6,192 SF
Lot
0.62 ac (26,950 SF)
APN
144803 195.08-7-12
UPID
US63-5618390
Jurisdiction
ERIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$725,000
RETAIL STORES
Est. value
$900,000
RESTAURANT
Est. value
$845,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$625,000
COMMERCIAL (GENERAL)
Est. value
$620,000
OFFICE BUILDING Current
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1830
Heating
STEAM
Cooling
Yes
Stories
2
Buildings
2
Rooms
8
Bathrooms
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Jennifer Lynne Ray
Individual
Free & Clear · 4 yrs held
Mailing address
38 LK ST, HAMBURG, NY 14075-4951
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
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
Jan 22, 2022
—
Jennifer Lynne Ray
Gerred Snyder
Correction Deed
related
—
Jun 30, 2020
$595,000
Hamburg Village Park Commons LLC
Village Park Commons LLC
Bargain And Sale Deed
—
Dec 31, 2008
—
Village Park Commons LLC
Arr Holdings LLC
Warranty Deed
$500,000 · Manufacturers & Traders Trust Co
Dec 3, 2007
$249,500
Arr Holdings LLC
Upstate New York District Of Chur
Warranty Deed
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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