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Property profile & analytics
OFF-MARKET
Estimated value
$240,000
Office buildings
50 Main St Westfield, NY 14787-1304
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-2001480
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
5,302 SF
Lot
0.24 ac (10,300 SF)
Zoning code
B-1
APN
067201 192.20-4-24
UPID
US63-2001480
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
-
Living Glass Gallery Art Gallery
-
Forward-57 Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$285k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$240k
Owner & transaction history
1448 Properties LLC · 3 yrs held
1448 Properties LLC
since 2022
2 recorded transactions
Zoning & alternative use
B-1 · Westfield, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Retail Business (B-1) District and any design standards applicable therein is to protect and enhance the existing commercial core of the Village and enable it to better meet the needs of residents and visitors by ensuring that the development and redevelopment of land within the district is appropriate and compatible with the development o…
Zone name
Retail Business
General category
COMMERCIAL
Zone area
14.75 ac
Source
Realmo
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 Westfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westfield 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
$285,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$240k
Range $216k – $264k · ±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
$45 / 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 2020Property tax & assessments
Tax year 2020
Assessed value
$100,000
Assessed 2023
Previous assessed
$100,000
+0.0% YoY
Assessed land
$13,300
Assessed improvement
$86,700
Land market value
$22,353
Improvement market value
$145,714
Total market value
$168,067
Applied tax rate
67,201.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
5,302 SF
Lot
0.24 ac (10,300 SF)
Zoning code
B-1
APN
067201 192.20-4-24
UPID
US63-2001480
Jurisdiction
CHAUTAUQUA
Zoning & alternative use
B-1 · Westfield, NYZoning B-1 · permitted uses
B-1 · Westfield, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Retail Business (B-1) District and any design standards applicable therein is to protect and enhance the existing commercial core of the Village and enable it to better meet the needs of residents and visitors by ensuring that the development and redevelopment of land within the district is appropriate and compatible with the development of surrounding land and historical nature of the district
Zone name
Retail Business
General category
COMMERCIAL
Zone area
14.75 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
1448 Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
58 E MAIN ST, WESTFIELD, NY 14787-1304
Ownership since
2022
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
Oct 21, 2022
—
1448 Properties LLC
M Wroda Enterprises LLC
Warranty Deed
—
May 27, 2021
$100,000
M Wroda Enterprises LLC
Keybank NA
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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