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Property profile & analytics
OFF-MARKET
Parking lots & garages
449 Delavan Ave, Buffalo, NY 14214
Trust Owned
16-yr Hold
Free & Clear
Property ID
US63-3968198
Property summary
AI-generated overview
This exceptional opportunity presents two vacant land parcels totaling 8,000 square feet in Buffalo, New York, located at 449 & 453 E Delavan Ave, zip code 14213. One parcel is rectangular, while the other is a flag lot featuring a partially collapsed garage situated behind an adjacent property. The garage's four walls remain intact, but the roof has caved in. Both parcels are being sold together. This property is zoned N-4-50 and presents a unique chance for residential development, subject to city approvals. The combined assessed value and property taxes for both parcels are available upon request. The site offers the potential for the construction of one or two homes, making it an attractive investment for builders or developers seeking to capitalize on the area's growth. The asking price for this combined land parcel is $79,900.
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1930
Total area
377 SF
Lot
0.07 ac (3,080 SF)
Zoning code
N-3R
APN
140200 89.84-1-7.2
UPID
US63-3968198
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Melbourne Family Living Trust · 16 yrs held
Melbourne Family Living Trust
since 2010
2 recorded transactions
Zoning & alternative use
N-3R · 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
—
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
Tax billed
$52
Tax year 2023
Assessed value
$10,000
Assessed 2023
Previous assessed
$10,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$3,400
Assessed improvement
$6,600
Land market value
$4,857
Improvement market value
$9,429
Total market value
$14,286
Applied tax rate
140,200.0000
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1930
Heating
NONE
Buildings
1
Stories
1
Total area
377 SF
Lot
0.07 ac (3,080 SF)
Zoning code
N-3R
APN
140200 89.84-1-7.2
UPID
US63-3968198
Jurisdiction
ERIE
Zoning & alternative use
N-3R · Buffalo, NY
Zoning N-3R · permitted uses
N-3R · 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
1930
Heating
NONE
Stories
1
Buildings
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Melbourne Family Living Trust
Trust
Free & Clear · 16 yrs held
Mailing address
9 MELBOURNE CT, BUFFALO, NY 14222-1443
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2010
—
Melbourne Family Living Trust
Sandoro,david
Grant Deed
—
Mar 4, 2010
$9,000
David Sandoro
City Of Buffalo
Trustees Deed
related
—
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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