New search
Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Turn key restaurants
4409 Park Ave Blasdell, NY 14219-2821
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US63-6032649
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1887
Total area
5,080 SF
Lot
24.4 ac (1,062,864 SF)
Zoning code
PUD
APN
144889 160.09-5-8.1
UPID
US63-6032649
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
-
Avanti Mansion Wedding Service
-
Buffalo Raod Catering Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$724k
Blend (final)
Blend
$660k
Owner & transaction history
I Do Empire LLC · 2 yrs held
I Do Empire LLC
since 2023
6 recorded transactions
Zoning & alternative use
PUD · Blasdell, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$730,000
+16.0%
Neighborhood: shopping center
$660,000
+4.8%
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 Blasdell submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Blasdell 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$630,000
Current use
RETAIL STORES
$730,000
Change: +16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$660,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$590,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$130 / 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
$1,619,200
Assessed 2023
Previous assessed
$1,619,200
+0.0% YoY
Assessed land
$196,800
Assessed improvement
$1,422,400
Land market value
$615,000
Improvement market value
$4,445,000
Total market value
$5,060,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1887
Heating
NONE
Buildings
6
Stories
2
Total area
5,080 SF
Lot
24.4 ac (1,062,864 SF)
Zoning code
PUD
APN
144889 160.09-5-8.1
UPID
US63-6032649
Jurisdiction
ERIE
Zoning & alternative use
PUD · Blasdell, NY
Zoning PUD · permitted uses
PUD · Blasdell, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Blasdell. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$630,000
RETAIL STORES
Est. value
$730,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$660,000
OFFICE BUILDING
Est. value
$590,000
RESTAURANT Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1887
Heating
NONE
Stories
2
Buildings
6
Lot
24.4 ac
Current owner
From public records · entity-resolved
I Do Empire LLC
Entity
Mailing address
4409 S PARK AVE, BLASDELL, NY 14219-2821
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2023
—
I Do Empire LLC
David Clark
Deed
$2,400,000 · Five Star Bank
Mar 24, 2005
—
James J Teter
Town Of Hamburg Indl Dev Agency
Quit Claim Deed
related
—
Mar 24, 2005
$500,000
David Clark
Teter,james J
Grant Deed
$485,000 · James J Teter
—
—
Laurie Clark
—
Deed Of Trust
related
$2,740,000 · Citizens Bk NA
—
—
David Clark
—
Deed Of Trust
related
$970,000 · First Niagara Bank
—
—
Laurie Clark
—
Loan Modification, Consolidation And Extension
related
$2,740,000 · Citizens 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.
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