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Property profile & analytics
OFF-MARKET
Estimated value
$10,885,000
Community centers
4950 Southwestern Blvd Hamburg, NY 14075-2615
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-3097845
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2009
Total area
139,145 SF
Lot
33.24 ac (1,447,934 SF)
Zoning code
C1
APN
144889 170.00-2-20.12
UPID
US63-3097845
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
-
Minute Key Locksmith (Bike/Boat/Book/etc) Store
-
Installation Services General Contractor
-
Lowe's Garden Center Garden Center
-
Primo Water Exchange Big Box & Wholesale Store
-
Lowe's Home Improvement Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.19M
Blend (final)
Blend
$10.89M
Owner & transaction history
National Retail Properties LP · 5 yrs held
National Retail Properties LP
since 2021
2 recorded transactions
Zoning & alternative use
C1 · Hamburg, NY
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 Hamburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamburg 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,250,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$10.89M
Range $9.80M – $11.97M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$78 / 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
$4,401,220
Assessed 2023
Previous assessed
$5,912,500
-25.6% YoY
Assessed land
$1,674,500
Assessed improvement
$2,726,720
Land market value
$5,232,813
Improvement market value
$8,521,000
Total market value
$13,753,813
Applied tax rate
144,804.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2009
Heating
STEAM
Cooling
CENTRAL
Buildings
1
Stories
1
Rooms
5
Bathrooms
1
Total area
139,145 SF
Lot
33.24 ac (1,447,934 SF)
Zoning code
C1
APN
144889 170.00-2-20.12
UPID
US63-3097845
Jurisdiction
ERIE
Zoning & alternative use
C1 · Hamburg, NY
Zoning C1 · permitted uses
C1 · Hamburg, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hamburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$16.3M
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Heating
STEAM
Cooling
Yes
Stories
1
Buildings
1
Rooms
5
Bathrooms
1
Lot
33.24 ac
Current owner
From public records · entity-resolved
National Retail Properties LP
Entity
Free & Clear · 5 yrs held
Mailing address
1000 LOWES BLVD, MOORESVILLE, NC 28117-8520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2021
$2,730,544
National Retail Properties LP
Jl Hamburg 1301 LLC
Special Warranty Deed
—
Feb 5, 2021
$2,085,000
Ho Alexander
Plaza Street Fund 48 LLC
Special Warranty Deed
—
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.
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