Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    489 Aurora St Lancaster, NY 14086-3216

    • Investment properties
    • 1,731 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US63-1975561
    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

    • Investment properties

    Property Details for 489 Aurora St

    Year built
    1953
    Lot size
    0.84 lot acres
    Property size
    1,731 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    145289 115.19-1-8
    APU
    1452891151918

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $335,000
      6.5%
      $380,000
      7%
      $385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $380,000
      Retail
      $365,000
      Mixed-Use
      $335,000
      Hospitality
      $320,000
      Educational
      $385,000
      Residential Income
      $315,000
      Energy
      $310,000
      Income-Based Land
      $280,000
      Food Service
      $315,000

    Location Insight

    • Map
    • Local Demand
    City
    Lancaster
    County
    Erie
    State
    New York
    Longitude
    -78.6774
    Latitude
    42.8799
    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
    $48,400
    $122,600
    $171,000
    -
    $64,533
    $163,467
    $228,000

    Comparable in this City

    • Value Estimation by Request
      40,654 SF

      11 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 40,654 SF
      11 Main St, Lancaster, NY 14086-2100
      View Details
    • Value Estimation by Request
      5,944 SF

      70 Saint Marys St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,944 SF
      70 Saint Marys St, Lancaster, NY 14086-2014
      View Details
    • Value Estimation by Request
      936 SF

      5336 Broadway St

      OFFICE/RESIDENTIAL (MIXED USE) • 936 SF
      5336 Broadway St, Lancaster, NY 14086-2026
      View Details
    • Value Estimation
      $170,000
      1,864 SF

      191 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,864 SF
      191 Central Ave, Lancaster, NY 14086-1852
      View Details
    • Value Estimation by Request
      3,879 SF

      110 Central Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,879 SF
      110 Central Ave, Lancaster, NY 14086-1863
      View Details
    • Value Estimation
      $330,000
      3,456 SF

      5580 Broadway St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,456 SF
      5580 Broadway St, Lancaster, NY 14086-2380
      View Details

    Similar Nearby for Sale

    • $299,999
      2,337 SF

      Broadway Street Auto Shop Opportunity

      Auto shop with detached home and high-visibility frontage.
      6526 Broadway St, Lancaster, NY 14086
      View Details
    • $395,000
      3,693 SF

      Mixed-Use Building in Lancaster Village

      Historic mixed-use building with office space and apartment in Lancaster.
      5533 Broadway St, Lancaster, NY 14086
      View Details
    • $279,000
      4,356 SF

      Mixed-Use Corner Property Available

      Mixed-use property featuring apartments, commercial space, and parking.
      3637 Walden Ave, Lancaster, NY 14086
      View Details
    • $1,200,000
      12,313 SF

      Historic Mixed-Use Building, Lancaster

      Restored mixed-use building featuring apartments and office units.
      43 Central Ave, Lancaster, NY 14086
      View Details
    • $895,000
      20.00 Acres

      20+ Acres Lancaster Development Land

      Prime commercial/residential land, I-90 access.
      475 Harris Hill Rd, Lancaster, NY 14086
      View Details
    • $1,600,000
      10.41 Acres

      Lancaster NY Development Site

      High-visibility Transit Rd commercial land
      0 Transit Rd, Depew, NY 14086
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      150,000 SF

      Proposed Industrial Building For Lease

      Proposed 150,000 SF industrial building for lease in Lancaster, NY.
      4100 Walden Ave, Lancaster, NY 14086
      View Details
    • Contact for pricing

      Land for Rent

      Land available for rent with convenient access to major routes.
      45-55 Rotech Dr, Lancaster, NY 14086
      View Details
    • $6 SF/Yr
      11,600 SF

      Lancaster Warehouse: 11,600 SF

      Prime Lancaster warehouse, ideal for storage & distribution.
      3825 Walden Ave, Lancaster, NY 14086
      View Details
    • Contact for pricing

      Land Near Transit Road

      Land with convenient access to major roads and airport.
      115 Rotech Dr, Lancaster, NY 14086
      View Details
    • Contact for pricing
      12,334 SF

      Lancaster Retail Strip Center

      Prime Lancaster Retail Space Available
      5211 Broadway, Lancaster, NY 14086
      View Details
    • Contact for pricing

      Former Masons' Lodge Stone Building

      9,160+/- SF stone building with excellent architecture and parking.
      5497 Broadway, Lancaster, NY 14086
      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.
    489 Aurora St
    Lancaster, NY 14086-3216
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.