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Property profile & analytics
OFF-MARKET
Estimated value
$2,435,000
Office buildings
500 Colvin Woods Pkwy Tonawanda, NY 14150-6978
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-3939044
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
60,152 SF
Lot
8.55 ac (372,438 SF)
Zoning code
P-S
APN
146489 53.14-3-1.1/500
UPID
US63-3939044
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
-
UnitedHealthcare Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.08M
Blend (final)
Blend
$2.44M
Owner & transaction history
Ima Life North America INC · 2 yrs held
Ima Life North America INC
since 2023
Last sale
$2.3M
5 recorded transactions
Zoning & alternative use
P-S · Tonawanda, 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 Tonawanda submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tonawanda 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
$2,740,000
ML approach
$2,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.44M
Range $2.19M – $2.68M · ±10% · vs last sale $2.29M (Dec 21 2023)
Last sale anchor
$2.29M
Dec 21 2023
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
$40 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$313,953
Tax year 2019
Assessed value
$840,000
Assessed 2023
Previous assessed
$870,000
-3.4% YoY
Effective rate
37.38%
On assessed value
Assessed land
$190,000
Assessed improvement
$650,000
Land market value
$791,667
Improvement market value
$2,708,333
Total market value
$3,500,000
Applied tax rate
146,401.0000
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
2005
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
60,152 SF
Lot
8.55 ac (372,438 SF)
Zoning code
P-S
APN
146489 53.14-3-1.1/500
UPID
US63-3939044
Jurisdiction
ERIE
Zoning & alternative use
P-S · Tonawanda, NY
Zoning P-S · permitted uses
P-S · Tonawanda, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tonawanda. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
8.55 ac
Current owner
From public records · entity-resolved
Ima Life North America INC
Entity
Free & Clear · 2 yrs held
Mailing address
2175 MILITARY RD, TONAWANDA, NY 14150-6001
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2023
$2,285,100
Ima Life North America INC
1 290 Colvin Associates LLC
Bargain And Sale Deed
—
Oct 18, 2023
—
I 290 Colvin Assocates LLC
Elmlawn Cemetery & Crematory INC
Correction Deed
related
—
Aug 2, 2023
$1,949,350
I 290 Colvin Assocates LLC
Elmlawn Cemetery & Crematory INC
Warranty Deed
—
Aug 2, 2023
—
1 290 Colvin Associates LLC
Elmlawn Cemetery & Crematory INC
Ground Lease
related
—
Jul 6, 2021
—
290 Colvin Associates LLC
—
Deed
related
$2,870,598 · M & T Bank
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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