Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    449 Borden Rd Buffalo, NY 14224-1723

    • Commercial land
    • 1,464 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2660909
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 449 Borden Rd

    Year built
    1949
    Lot size
    0.32 lot acres
    Property size
    1,464 SF
    Zone code
    C
    Property type
    Commercial land
    APN
    143089 125.12-10-20
    APU
    143089125121020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.7085
    Latitude
    42.8671
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $52,000
    $0.00
    $52,000
    -
    $57,143
    $0.00
    $57,143

    Comparable in this City

    • Value Estimation by Request
      2.50 Acres

      884 Harlem Rd

      VACANT COMMERCIAL LAND • 2.50 Acres
      884 Harlem Rd, Buffalo, NY 14224-1008
      View Details
    • Value Estimation by Request
      0.59 Acres

      3616 Seneca St

      VACANT COMMERCIAL LAND • 0.59 Acres
      3616 Seneca St, Buffalo, NY 14224-3400
      View Details
    • Value Estimation by Request
      0.38 Acres

      2747-2749 Seneca St

      VACANT COMMERCIAL LAND • 0.38 Acres
      2747-2749 Seneca St, Buffalo, NY 14224
      View Details
    • Value Estimation by Request
      0.37 Acres

      1606 Orch Park Rd

      VACANT COMMERCIAL LAND • 0.37 Acres
      1606 Orch Park Rd, Buffalo, NY 14224-4648
      View Details
    • Value Estimation by Request
      10.80 Acres

      580 Orch Park Rd

      VACANT COMMERCIAL LAND • 10.80 Acres
      580 Orch Park Rd, Buffalo, NY 14224-2600
      View Details
    • Value Estimation by Request
      0.02 Acres

      Orch Park Rd

      VACANT COMMERCIAL LAND • 0.02 Acres
      Orch Park Rd, Buffalo, NY 14224
      View Details

    Similar Nearby for Sale

    • $54,900

      Commercially Zoned Vacant Land

      Commercially zoned vacant land offering a great development opportunity.
      2466 Seneca St, West Seneca, NY 14224
      View Details
    • $3,000,000

      Orchard Park Commercial Land Available

      Commercial land for sale in Orchard Park, New York.
      3020 Orchard Park Rd, Orchard Park, NY 14224
      View Details
    • $379,900

      Commercial Land Available For Sale

      Commercial land for sale at $11 per square foot.
      736 Center Rd, West Seneca, NY 14224
      View Details
    • $180,000
      4 SF

      West Seneca Vacant Industrial Land

      4 acres of shovel-ready land in West Seneca, NY.
      North America Dr, West Seneca, NY 14224
      View Details
    • $595,000

      West Seneca Vacant Commercial Land

      5+/- acre commercial land parcel in West Seneca, NY.
      4518 Clinton St, West Seneca, NY 14224
      View Details
    • Contact for pricing

      West Seneca Buildable Vacant Lot

      0.42 acre lot suitable for multi-unit development.
      711 Harlem Rd, West Seneca, NY 14224
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Union Road Corner Lot Opportunity

      Prime corner lot for ground lease or build-to-suit development.
      1465-1471 Union Rd, West Seneca, NY 14224
      View Details
    • Contact for pricing

      Prime Land Near Expressway

      7.5+/- acres for development with high visibility and accessibility.
      2700 Transit Rd, West Seneca, NY 14224
      View Details
    • Contact for pricing

      Union Road Corner Lot Opportunity

      Prime build-to-suit corner lot for ground lease.
      1465 Union Rd, West Seneca, NY 14224
      View Details
    • Contact for pricing
      1 SF

      Prime Land for QSR/Retail

      Highly visible land for ground lease or build to suit.
      1985-1993 Ridge Rd, West Seneca, NY 14224
      View Details
    • Contact for pricing
      2,480 SF

      Suburban Office Space Available

      Highly visible office space on Seneca Street near expressway.
      2950 Seneca St, West Seneca, NY 14224
      View Details
    • $15 SF/Yr
      10,000 SF

      Turnkey Medical Office Space

      Well-appointed medical office space with ample parking near downtown.
      Buffalo, NY 14224
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    449 Borden Rd
    Buffalo, NY 14224-1723
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.