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Property profile & analytics
OFF-MARKET
Estimated value
$1,955,000
Strip malls
4271 Lk Ave Buffalo, NY 14219-1239
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US63-0892044
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1979
Total area
109,619 SF
Lot
18.4 ac (801,504 SF)
Zoning code
C1
APN
144889 151.14-1-1.2
UPID
US63-0892044
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
-
SHOPPES AT LAKE AVENUE Business Service Center Corporate Office
-
The Hair Room Inc Hair Salon
-
Niagara Lock & Key Service, Inc. Locksmith
-
Gudebrod Thread Co. LLC Industrial Manufacturer Production Facility
-
John Bead and Craft Outlet (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.96M
Owner & transaction history
Rh Lap LLC · 13 yrs held
Rh Lap LLC
since 2013
7 recorded transactions
Zoning & alternative use
C1 · 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
$18 / 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
$1,060,000
Assessed 2023
Previous assessed
$1,060,000
+0.0% YoY
Assessed land
$200,000
Assessed improvement
$860,000
Land market value
$625,000
Improvement market value
$2,687,500
Total market value
$3,312,500
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1979
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
109,619 SF
Lot
18.4 ac (801,504 SF)
Zoning code
C1
APN
144889 151.14-1-1.2
UPID
US63-0892044
Jurisdiction
ERIE
Zoning & alternative use
C1 · Buffalo, NY
Zoning C1 · permitted uses
C1 · 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
1
Buildings
1
Lot
18.4 ac
Current owner
From public records · entity-resolved
Rh Lap LLC
Entity
Mailing address
2730 TRANSIT RD, WEST SENECA, NY 14224-2523
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2022
—
Rh Lap LLC
—
Deed
related
$3,825,000 · Key Bank NA
Feb 14, 2013
$1,000,000
Rh Lap LLC
Bayview Loan Servicing LLC
Deed
—
Feb 14, 2013
—
Bayview Ln Svcg LLC
Fairview Holdings INC
Quit Claim Deed
—
Jul 22, 2008
$1,300,000
Fairview Holdings LLC
As Lake Holdings
Trustees Deed
—
Mar 10, 2006
—
As Lake Holdings LLC
—
Trustees Deed
related
$1,170,000 · Firststar Funding LLC
—
—
A S Lake Holdings LLC
—
Deed Of Trust
related
$550,000 · Northstar Funding Grp INC
—
—
A S Lake Holdings LLC
—
Deed Of Trust
related
$50,000 · Fairview Commercial Lending
—
—
As Lake Holdings LLC
—
Deed Of Trust
related
$525,000 · Fairview Commercial Lending
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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