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Property profile & analytics
OFF-MARKET
Estimated value
$8,570,000
Warehouses
4155 Walden Ave, Lancaster, NY 14086-1512
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-4325417
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
121,751 SF
Lot
24.82 ac (1,081,159 SF)
Zoning code
BUS-IND
APN
145289 105.00-2-9.13
UPID
US63-4325417
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
-
Try-It Distributing Big Box & Wholesale Store Distribution Center
-
American Natural Gas Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.98M
Comparable Approach
Comparable
$8.76M
Blend (final)
Blend
$8.57M
Owner & transaction history
Eagle Associates Of Niagara Frontie · 3 yrs held
Eagle Associates Of Niagara Frontie
since 2023
3 recorded transactions
Zoning & alternative use
BUS-IND · Lancaster, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$14.2M
+138.6%
Commercial (general)
$12.3M
+106.6%
Auto repair, garage
$12.2M
+105.4%
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 Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster 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%
$10,815,000
6.5%
$9,980,000
7%
$9,270,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,960,000
Current use
OFFICE BUILDING
$14,220,000
Change: +139% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,315,000
Change: +107% · Conversion: Difficult
AUTO REPAIR, GARAGE
$12,240,000
Change: +105% · Conversion: Easy
Blend value · Realmo final
$8.57M
Range $7.71M – $9.43M · ±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
$70 / 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
$8,840,000
Assessed 2023
Previous assessed
$3,680,000
+140.2% YoY
Assessed land
$690,000
Assessed improvement
$8,150,000
Land market value
$920,000
Improvement market value
$10,866,667
Total market value
$11,786,667
Applied tax rate
145,201.0000
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
1996
Heating
NONE
Cooling
PARTIAL
Buildings
5
Stories
2
Total area
121,751 SF
Lot
24.82 ac (1,081,159 SF)
Zoning code
BUS-IND
APN
145289 105.00-2-9.13
UPID
US63-4325417
Jurisdiction
ERIE
Zoning & alternative use
BUS-IND · Lancaster, NY
Zoning BUS-IND · permitted uses
BUS-IND · Lancaster, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.0M
OFFICE BUILDING
Est. value
$14.2M
COMMERCIAL (GENERAL)
Est. value
$12.3M
AUTO REPAIR, GARAGE
Est. value
$12.2M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1996
Heating
NONE
Cooling
Yes
Stories
2
Buildings
5
Lot
24.82 ac
Current owner
From public records · entity-resolved
Eagle Associates Of Niagara Frontie
Entity
Free & Clear · 3 yrs held
Mailing address
4155 WALDEN AVE, LANCASTER, NY 14086-1512
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2023
—
Eagle Associates Of Niagara Frontie
Town Of Lancaster Industrial Dev Ag
Quit Claim Deed
related
—
Jun 23, 2022
—
Eagle Associates Of Niagara Frontie
Eagle Assc Of Niagara Frontier INC
Intrafamily Transfer
related
—
—
—
Eagle Assocs Of Niagara Fronti
—
Deed Of Trust
related
$1,023,750 · Evans Bk NA
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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