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Property profile & analytics
OFF-MARKET
Turn key restaurants
41 Virginia Pl Buffalo, NY 14202-1323
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US63-6154062
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1910
Total area
3,858 SF
Lot
0.08 ac (3,485 SF)
Zoning code
N-2E
APN
140200 100.78-3-12.2
UPID
US63-6154062
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
-
Fat Bob's Smokehouse Restaurant
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
Pmr Property Management LLC · 14 yrs held
Pmr Property Management LLC
since 2012
4 recorded transactions
Zoning & alternative use
N-2E · 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,679
Tax year 2023
Assessed value
$323,000
Assessed 2023
Previous assessed
$323,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$38,000
Assessed improvement
$285,000
Land market value
$54,286
Improvement market value
$407,143
Total market value
$461,429
Applied tax rate
140,200.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1910
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
2
Total area
3,858 SF
Lot
0.08 ac (3,485 SF)
Zoning code
N-2E
APN
140200 100.78-3-12.2
UPID
US63-6154062
Jurisdiction
ERIE
Zoning & alternative use
N-2E · Buffalo, NY
Zoning N-2E · permitted uses
N-2E · 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
1910
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Pmr Property Management LLC
Entity
Mailing address
162 CRES AVE, BUFFALO, NY 14214-2331
Ownership since
2012
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 13, 2012
$125,000
Pmr Property Management LLC
Great Lakes Mgmt Group Lllc
Warranty Deed
$112,500 · Great Lakes Management LLC (ct
Jul 10, 2008
—
Great Lakes Management Grp LLC
Piccione,anthony C
Quit Claim Deed
related
—
Mar 24, 2008
—
Anthony C Piccione
Great Lakes Mgmt Grp LLC
Warranty Deed
—
Mar 31, 2004
$90,000
Great Lakes Mgmt Group LLC
Dilapo Ventures
Warranty Deed
$70,000 · Dilapo Ventures LP
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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