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    Property profile & analytics

    489 Delaware Ave Buffalo, NY 14202-1314

    • Investment properties
    • 6,746 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $1,840,000
    Last Sale
    Jan 29, 2024
    $1,850,000
    Location Intelligence
    Property ID
    US63-1674411
    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

    • Tres Beau Interior / Interior Designer

    Property Details for 489 Delaware Ave

    Year built
    1885
    Lot size
    0.09 lot acres
    Property size
    6,746 SF
    Zone code
    N-2E
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    140200 111.22-3-2
    APU
    1402001112232

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,850,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,810,000
      6.5%
      $1,730,000
      7%
      $2,010,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,640,000
      Geo Method
      $1,810,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,885,000
      Retail
      $1,770,000
      Mixed-Use
      $1,835,000
      Hospitality
      $2,065,000
      Educational
      $2,130,000
      Residential Income
      $1,760,000
      Energy
      $1,640,000
      Income-Based Land
      $1,795,000
      Food Service
      $2,065,000

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8741
    Latitude
    42.8975
    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
    $2,271
    $38,300
    $398,700
    $437,000
    -
    $54,714
    $569,572
    $624,286

    Comparable in this City

    • Value Estimation
      $725,000
      3,958 SF

      369 Delaware Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,958 SF
      369 Delaware Ave, Buffalo, NY 14202-1601
      View Details
    • Value Estimation by Request
      41,881 SF

      157 Mohawk St

      OFFICE/RESIDENTIAL (MIXED USE) • 41,881 SF
      157 Mohawk St, Buffalo, NY 14202
      View Details
    • Value Estimation
      $455,000
      8,792 SF

      416 Pearl St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,792 SF
      416 Pearl St, Buffalo, NY 14202-1904
      View Details
    • Value Estimation by Request
      44,008 SF

      922 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 44,008 SF
      922 Main St, Buffalo, NY 14202-1418
      View Details
    • Value Estimation
      $210,000
      3,732 SF

      19 Allen St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,732 SF
      19 Allen St, Buffalo, NY 14202-1407
      View Details
    • Value Estimation
      $375,000
      7,290 SF

      189 Delaware Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,290 SF
      189 Delaware Ave, Buffalo, NY 14202-2115
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Up to 22,533 SF office space for rent.
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      View Details
    • $14 SF/Yr
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      Second-floor office space in prime Buffalo location for rent.
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      Prestigious Buffalo CBD office space.
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    • Contact for pricing
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      Second-floor office/event space with high ceilings and wood floors.
      318-320 Pearl St, Buffalo, NY 14202
      View Details
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    489 Delaware Ave
    Buffalo, NY 14202-1314
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    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
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