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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Warehouses
4429 Walden Ave, Lancaster, NY 14086-9776
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-1062053
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Total area
9,224 SF
Lot
2.1 ac (91,476 SF)
APN
145289 95.00-4-32.2
UPID
US63-1062053
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
-
ETS Inc General Contractor Construction Company
-
Try It Distributing Distribution Center Logistics Company
-
Miller Environmental Group Inc. Environmental Consultant
-
TTM Analytical Inc Laboratory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$995k
CAP Approach
CAP
$755k
Comparable Approach
Comparable
$664k
Blend (final)
Blend
$900k
Owner & transaction history
Miller Environmental Group INC · 4 yrs held
Miller Environmental Group INC
since 2022
Last sale
$1.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.3M
+196.7%
Restaurant
$1.3M
+179.1%
Neighborhood: shopping center
$1.3M
+176.5%
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
$900,000
ML approach
$995,000
CAP Approach
CAP Return
Estimation
6%
$820,000
6.5%
$755,000
7%
$700,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,340,000
Change: +197% · Conversion: Moderate
RESTAURANT
$1,260,000
Change: +179% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,250,000
Change: +176% · Conversion: Moderate
OFFICE BUILDING
$1,075,000
Change: +139% · Conversion: Difficult
COMMERCIAL (GENERAL)
$935,000
Change: +107% · Conversion: Difficult
AUTO REPAIR, GARAGE
$925,000
Change: +105% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $1.05M (Jun 27 2022)
Last sale anchor
$1.05M
Jun 27 2022
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
$98 / 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
$870,000
Assessed 2023
Previous assessed
$870,000
+0.0% YoY
Assessed land
$95,000
Assessed improvement
$775,000
Land market value
$126,667
Improvement market value
$1,033,333
Total market value
$1,160,000
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
1993
Heating
NONE
Buildings
2
Stories
2
Total area
9,224 SF
Lot
2.1 ac (91,476 SF)
APN
145289 95.00-4-32.2
UPID
US63-1062053
Jurisdiction
ERIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$935,000
AUTO REPAIR, GARAGE
Est. value
$925,000
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
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
1993
Heating
NONE
Stories
2
Buildings
2
Lot
2.1 ac
Current owner
From public records · entity-resolved
Miller Environmental Group INC
Entity
Free & Clear · 4 yrs held
Mailing address
538 EDWARDS AVE, CALVERTON, NY 11933-1636
Ownership since
2022
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
Jun 27, 2022
$1,045,000
Miller Environmental Group INC
Black Knights Buffalo LLC
Warranty Deed
—
Dec 5, 2018
—
Black Knights Buffalo LLC
—
Deed
related
$905,139 · Nbt Bk
Dec 31, 2012
$842,500
Black Knights Buffalo LLC
4429 Walden Avenue INC
Grant Deed
$674,000 · First Niagara Bank
Apr 22, 2009
$116,500
Lancaster Airport INC
4429 Walden Avenue INC
Warranty Deed
—
—
—
Black Knights Buffalo LLC
—
Deed Of Trust
related
$905,139 · Nbt Bk
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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