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Financial
Distress signals
Property profile

471 Elmwood Ave Buffalo, NY 14222

FOR LEASE
Turn key restaurants
Property ID
US63-2756872
11,440 SF 0.13 ac lot Built 1920
Last sale Feb 2016 · $1,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional retail property at 471 Elmwood Avenue in Buffalo, NY, offers 16,560 square feet of space across three suites in a two-story building. Originally constructed in 1910 and renovated in 1980, this building boasts a desirable street-level retail presence in the vibrant Elmwood Village neighborhood. The property features convenient off-street parking in the rear, supplementing readily available on-street parking and nearby garage options at 489 Elmwood. A basement provides…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$750k
Assessed land$55k
Assessed improvement$695k
Effective rate0.52%

Value estimate

· Oct 2026
$345k
$311k – $380k
Submarket $/SF estimate$871k
NOI build-up
Gross scheduled income$38k
Vacancy & credit loss−$4k
Operating expenses−$10k
NOI · 95,848.00% cap applied$24k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$124/SF
Submarket average, outlier-cleaned · 96 recorded sales of this use type
Observed band · Q1–Q3$53 – $216

Cap rate analysis

How does the asset earn?
95,848.00%
$24k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
N-2C
The N-2C zone addresses mixed-use, walkable centers of Buffalo most compact neighborhoods, many of which were fully developed before the ...
General categoryMIXED_USE
JurisdictionERIE

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service11.5
Dry Cleaner10.2
Laundry Service10.2

Location

471 Elmwood Ave Buffalo, NY 14222
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 15 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
531 Elmwood, Buffalo, NY 14222 $925,000 Apr 2022 3,916 SF
708 Elmwood, Buffalo, NY 14222-1602 $953,500 Mar 2022 2,941 SF
424 Elmwood, Buffalo, NY 14222-2210 $1,885,000 Dec 2021 8,415 SF
1108 Elmwood, Buffalo, NY 14222 $400,000 Aug 2020 6,930 SF
929 Elmwood, Buffalo, NY 14222-1211 $1,200,000 Aug 2019 3,747 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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