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    4490 Lk Ave Blasdell, NY 14219-1235

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    4490 Lk Ave Blasdell, NY 14219-1235

    View on Map
    • Gas stations
    • 2,500 SF
    • 0.80 lot acres
    Off-Market
    Last Sale Dec 11, 2024
    $775,000
    Property ID
    US63-1731172
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Kwik Fill / Gas Station
    • Bethford Auto & Tire / Auto Repair Shop

    Property Details for 4490 Lk Ave

    Year built
    1986
    Lot size
    0.80 lot acres
    Property size
    2,500 SF
    Zone code
    C2
    Property type
    Gas stations
    APN
    144889 151.15-9-1
    APU
    1448891511591

    Description

    This exceptional turn-key retail investment opportunity in Buffalo, NY, presents a unique blend of established businesses under one roof. Located at 4490 Lake Ave, this 5,700 square foot property sits on a 0.8-acre lot and boasts a thriving gas station with eight pumps, a fully operational convenience store, and a well-established auto repair shop. The property also includes an operating car wash, adding further diversification to its income streams. Financial details are available upon request with a non-disclosure agreement. The asking price is $1,400,000, translating to $245.61 per square foot. The seller is open to a sale-leaseback arrangement for the auto repair portion of the business, offering flexibility for potential buyers. This property represents a strong cash-flowing investment with significant upside potential, ideal for an owner-operator seeking a diverse and established business portfolio. The property is located in Erie County, NY, zip code 14219. This is a rare opportunity to acquire a multi-faceted business in a high-traffic location. The property's diverse revenue streams provide a strong foundation for future growth and profitability. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Blasdell
    County
    Erie
    State
    New York
    Longitude
    -78.8115
    Latitude
    42.7972
    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
    $65,300
    $189,700
    $255,000
    -
    $204,062
    $592,813
    $796,875

    Comparable in this City

    • Value Estimation by Request
      975 SF

      4479 Lk Ave

      SERVICE STATION WITH FOOD MART • 975 SF
      4479 Lk Ave, Buffalo, NY 14219-1236
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    • Value Estimation by Request
      1,682 SF

      3326 Lk Shr Rd

      SERVICE STATION WITH FOOD MART • 1,682 SF
      3326 Lk Shr Rd, Buffalo, NY 14219-1422
      View Details
    • Value Estimation by Request
      1,890 SF

      3233 Lk Shr Rd

      GAS STATION • 1,890 SF
      3233 Lk Shr Rd, Buffalo, NY 14219-1413
      View Details
    • Value Estimation by Request
      3,108 SF

      3725 Park Ave

      SERVICE STATION WITH FOOD MART • 3,108 SF
      3725 Park Ave, Blasdell, NY 14219-1129
      View Details
    • Value Estimation by Request
      1,824 SF

      3261 Mckinley Pkwy

      AUTO REPAIR, GARAGE • 1,824 SF
      3261 Mckinley Pkwy, Buffalo, NY 14219-2182
      View Details
    • Value Estimation
      $660,000
      8,050 SF

      4945 Lk Ave

      VEHICLE SALES, RENTALS • 8,050 SF
      4945 Lk Ave, Blasdell, NY 14219-1313
      View Details

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    Blasdell, NY 14219-1235
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    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
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