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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Office buildings
3871 Harlem Rd Buffalo, NY 14215-1946
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-2408868
Property summary
AI-generated overview
This exceptional two-story, 20,000-square-foot freestanding office building, located at 3871 Harlem Road in Cheektowaga, NY, offers a prime opportunity for businesses seeking executive office space. Situated on a 0.45-acre lot, the building boasts excellent visibility and accessibility, with ample parking available. Built in 1969 and extensively renovated in 2020, the property features a convenient elevator servicing the second floor. Currently, two vacant spaces are available on the second floor, measuring approximately 900 and 1700 square feet. The minimum divisible space is 1,014 square feet, with a maximum contiguous space of 1,700 square feet
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1969
Total area
20,000 SF
Lot
0.45 ac (19,602 SF)
Zoning code
05C
APN
143089 80.17-4-1.2
UPID
US63-2408868
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
-
Parkside medical Physician
-
Parkside Medical Anesthesia Medical Clinic
-
Karen M Pellicore Pediatrician Physician
-
Nesco Resource Employment Agency
-
VBC Lighting LLC, Buffalo Branch Building Supply Electrical Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.21M
Blend (final)
Blend
$1.97M
Owner & transaction history
3871 Harlem Road INC · 8 yrs held
3871 Harlem Road INC
since 2017
3 recorded transactions
Zoning & alternative use
05C · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.9M
+23.8%
Neighborhood: shopping center
$2.6M
+11.9%
Restaurant
$2.5M
+6.8%
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
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
$2,320,000
Current use
RETAIL STORES
$2,870,000
Change: +24% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$2,595,000
Change: +12% · Conversion: Difficult
RESTAURANT
$2,475,000
Change: +7% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,945,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±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
$98 / 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
$1,160,000
Assessed 2023
Previous assessed
$1,160,000
+0.0% YoY
Assessed land
$75,000
Assessed improvement
$1,085,000
Land market value
$82,418
Improvement market value
$1,192,307
Total market value
$1,274,725
Applied tax rate
143,003.0000
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
1969
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
20,000 SF
Lot
0.45 ac (19,602 SF)
Zoning code
05C
APN
143089 80.17-4-1.2
UPID
US63-2408868
Jurisdiction
ERIE
Zoning & alternative use
05C · Buffalo, NYZoning 05C · permitted uses
05C · Buffalo, NY
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
$2.3M
RETAIL STORES
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
RESTAURANT
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$1.9M
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
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
1969
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
3871 Harlem Road INC
Entity
Free & Clear · 8 yrs held
Mailing address
3871 HARLEM RD, CHEEKTOWAGA, NY 14215-1946
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2017
—
3871 Harlem Road INC
3283 Walden Ave LP
Grant Deed
—
Feb 15, 2017
$528,000
3283 Walden Ave LP
3871 Harlem Road LLC
Grant Deed
—
Oct 24, 2013
—
3871 Harlem Road LLC
Ucci,patrick J
Quit Claim 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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