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Property profile & analytics
OFF-MARKET
Estimated value
$4,450,000
Warehouses
400 Colvin Woods Pkwy, Tonawanda, NY 14150-6977
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-3669128
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Total area
53,733 SF
Lot
4.52 ac (196,891 SF)
Zoning code
P-S
APN
146489 53.14-3-1.1/400
UPID
US63-3669128
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
-
John W. Danforth Company Sheet Metal Fabrication Shop General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.39M
CAP Approach
CAP
$4.41M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.45M
Owner & transaction history
Danth Ny LLC · 2 yrs held
Danth Ny LLC
since 2023
Last sale
$4.5M
5 recorded transactions
Zoning & alternative use
P-S · Tonawanda, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.3M
+120.9%
Neighborhood: shopping center
$7.3M
+118.8%
Office building
$6.3M
+88.8%
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 Tonawanda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tonawanda 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
$4,680,000
ML approach
$4,385,000
CAP Approach
CAP Return
Estimation
6%
$4,775,000
6.5%
$4,405,000
7%
$4,090,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,325,000
Current use
RESTAURANT
$7,345,000
Change: +121% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,275,000
Change: +119% · Conversion: Moderate
OFFICE BUILDING
$6,275,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,400,000
Change: +63% · Conversion: Easy
COMMERCIAL (GENERAL)
$4,135,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$4.45M
Range $4.01M – $4.90M · ±10% · vs last sale $4.50M (Oct 27 2023)
Last sale anchor
$4.50M
Oct 27 2023
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
$83 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$14,309
Tax year 2019
Assessed value
$1,122,000
Assessed 2023
Previous assessed
$1,122,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$27,600
Assessed improvement
$1,094,400
Land market value
$115,000
Improvement market value
$4,560,000
Total market value
$4,675,000
Applied tax rate
146,401.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
53,733 SF
Lot
4.52 ac (196,891 SF)
Zoning code
P-S
APN
146489 53.14-3-1.1/400
UPID
US63-3669128
Jurisdiction
ERIE
Zoning & alternative use
P-S · Tonawanda, NY
Zoning P-S · permitted uses
P-S · Tonawanda, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tonawanda. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.3M
RESTAURANT
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.3M
OFFICE BUILDING
Est. value
$6.3M
AUTO REPAIR, GARAGE
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$4.1M
WAREHOUSE, STORAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2005
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
4.52 ac
Current owner
From public records · entity-resolved
Danth Ny LLC
Entity
Free & Clear · 2 yrs held
Mailing address
600 EE AVE STE #200, ROCHESTER, NY 14607-2089
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2023
—
Danforth Ny LLC
—
Deed
related
$3,152,500 · Esl FCU
Oct 27, 2023
$4,500,000
Danth Ny LLC
John W Danth Company
Bargain And Sale Deed
—
Oct 18, 2023
—
1 290 Colvin Associates LLC
John W Danth Company
Bargain And Sale Deed
—
Sep 12, 2023
$452,000
John W Danforth Company
I 290 Colvin Associates LLC
Bargain And Sale Deed
—
Aug 2, 2023
$1,949,350
I 290 Colvin Assocates LLC
Elmlawn Cemetery & Crematory INC
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.
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