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Property profile & analytics
FOR SALE
Hotels
3950 Mckinley Pkwy, Buffalo, NY 14219
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-2838009
For Sale
$4,500,000
3950 Mckinley Pkwy, Buffalo, NY 14219
View Listing →
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1979
Total area
91,088 SF
Lot
5.63 ac (245,243 SF)
Zoning code
C2
APN
144889 160.11-2-8.12
UPID
US63-2838009
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.74M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$3.78M
Owner & transaction history
Life Storage LP · 3 yrs held
Life Storage LP
since 2022
Last sale
$4.0M
4 recorded transactions
Zoning & alternative use
C2 · 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
$3,585,000
ML approach
$3,735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.78M
Range $3.40M – $4.16M · ±10% · vs last sale $4.00M (Aug 9 2022)
Last sale anchor
$4.00M
Aug 9 2022
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
$41 / 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
$432,300
Assessed 2023
Previous assessed
$432,300
+0.0% YoY
Assessed land
$300,000
Assessed improvement
$132,300
Land market value
$937,500
Improvement market value
$413,438
Total market value
$1,350,938
Applied tax rate
144,804.0000
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
Hotels
Use group
HOTEL
Status
For Sale
Year built
1979
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
91,088 SF
Lot
5.63 ac (245,243 SF)
Zoning code
C2
APN
144889 160.11-2-8.12
UPID
US63-2838009
Jurisdiction
ERIE
Zoning & alternative use
C2 · Buffalo, NY
Zoning C2 · permitted uses
C2 · 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
1979
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
5.63 ac
Current owner
From public records · entity-resolved
Life Storage LP
Entity
Free & Clear · 3 yrs held
Mailing address
6467 MAIN ST, WILLIAMSVILLE, NY 14221-5856
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
Aug 9, 2022
$4,000,000
Life Storage LP
Liberatore Management Group II LLC
Bargain And Sale Deed
—
Apr 11, 2019
—
Liberatore Mgmt Grp II LLC
Liberatore,victor & Erminio
Quit Claim Deed
related
—
Dec 26, 2018
—
Liberatore Mgmt Group II
Liberatore,victor
Quit Claim Deed
related
—
Jun 4, 2010
—
Victor Liberatore
Shiva LLC
Warranty Deed
—
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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