New search
Property profile & analytics
FOR LEASE
Super regional malls
4545 Transit Rd, Buffalo, NY 14221
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-3917402
For Lease
1 / 3
$3,455,000
4545 Transit Rd, Buffalo, NY 14221
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1970
Total area
759,013 SF
Lot
71.44 ac (3,111,926 SF)
APN
143200 70.03-1-27.11
UPID
US63-3917402
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
-
Duff's Famous Wings Restaurant
-
Esther Guylas Tax Services Inc Tax Preparation
-
Intellastar (Bike/Boat/Book/etc) Store Corporate Office
-
FlipOut Academy Training Center Tutoring Service
-
Orvis Camping Store Fishing Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.46M
Owner & transaction history
4545 Transit LLC · 8 yrs held
4545 Transit LLC
since 2018
7 recorded transactions
Zoning & alternative use
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
$5 / 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
$6,617,600
Assessed 2023
Previous assessed
$7,858,400
-15.8% YoY
Assessed land
$3,308,800
Assessed improvement
$3,308,800
Land market value
$4,136,000
Improvement market value
$4,136,000
Total market value
$8,272,000
Applied tax rate
143,201.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1970
Heating
NONE
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
759,013 SF
Lot
71.44 ac (3,111,926 SF)
APN
143200 70.03-1-27.11
UPID
US63-3917402
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
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Cooling
Yes
Stories
2
Buildings
2
Lot
71.44 ac
Current owner
From public records · entity-resolved
4545 Transit LLC
Entity
Mailing address
56 LIVINGSTON AVE #200, ROSELAND, NJ 07068-1733
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2018
$14,512,024
4545 Transit LLC
Hills LLC
Bargain And Sale Deed
$85,000,000 · M & T Bank
Jan 5, 2016
—
Mdc Eastern Hills LLC
Glenmont Mdc Eastern Hills LLC
Quit Claim Deed
—
May 22, 2013
—
Glenmont Rep Eastern Hills LLC
Glenmont Mdc Eastern Hills LLC
Quit Claim Deed
related
—
May 22, 2013
$11,900,000
Mdc Eastern Hills LLC
Glenmont Rep Eastern Hills LLC
Grant Deed
—
—
—
Glenmont Mdc Eastern Hills LLC
—
Deed Of Trust
related
$1,000,000 · Aareal Bank Ag
—
—
Glenmont Mdc Eastern Hills LLC
—
Deed Of Trust
related
$24,000 · Aareal Cap Corp
—
—
Glenmont Mdc Eastern Hills LLC
—
Deed Of Trust
related
$17,000,000 · Aareal Bank Ag
—
—
Glenmont Mdc Eastern Hills LLC
—
Deed Of Trust
related
$2,633,075 · Aareal Capital Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
