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    Property profile & analytics

    56 Spg St, Unit 80 Williamsville, NY 14221-5439

    • Investment properties
    • 4,002 SF
    • 0.53 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US63-3954985
    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

    • 1811 Comics / Comic Book Store
    • Sweet Jenny's Chocolates & Ice Cream / Ice Cream Shop / Chocolate Shop
    • Williamsville Water Mill / Historical Landmark
    • Oh Pour L'amour Du Chocolat @ Sweet Jenny's / Chocolate Shop

    Property Details for 56 Spg St

    Year built
    1811
    Lot size
    0.53 lot acres
    Property size
    4,002 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    142201 69.17-2-26
    APU
    1422016917226

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $315,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $425,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $405,000
      Geo Method
      $460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $335,000
      Retail
      $405,000
      Mixed-Use
      $390,000
      Hospitality
      $315,000
      Educational
      $420,000
      Residential Income
      $425,000
      Energy
      $365,000
      Income-Based Land
      $405,000
      Food Service
      $320,000

    Location Insight

    • Map
    • Local Demand
    City
    Williamsville
    County
    Erie
    State
    New York
    Longitude
    -78.7446
    Latitude
    42.9637
    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
    $150,000
    $230,000
    $380,000
    -
    $241,935
    $370,968
    $612,903

    Comparable in this City

    • Value Estimation by Request
      15,410 SF

      5712 Main St

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      5712 Main St, Williamsville, NY 14221-5518
      View Details
    • Value Estimation
      $1,720,000
      4,754 SF

      5415 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,754 SF
      5415 Main St, Williamsville, NY 14221-6668
      View Details
    • Value Estimation
      $745,000
      4,102 SF

      6512 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,102 SF
      6512 Main St, Williamsville, NY 14221-5836
      View Details
    • Value Estimation
      $495,000
      8,214 SF

      551 Farber Lks Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 8,214 SF
      551 Farber Lks Dr, Buffalo, NY 14221-5779
      View Details
    • Value Estimation
      $300,000
      2,737 SF

      11 Fleetwood Ter

      OFFICE/RESIDENTIAL (MIXED USE) • 2,737 SF
      11 Fleetwood Ter, Williamsville, NY 14221-4443
      View Details
    • Value Estimation
      $330,000
      2,735 SF

      5132 Transit Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,735 SF
      5132 Transit Rd, Buffalo, NY 14221
      View Details

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    Similar Nearby for Lease

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      50,000 SF

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      Class A Office Space Available

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    • $13 SF/Yr
      4,937 SF

      Retail Space in High-Traffic Area

      Retail space with extensive renovations and high visibility.
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    • Contact for pricing
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      Spacious Office Space Available

      Well-located office space with on-site parking and property management.
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      View Details
    • Contact for pricing
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      Renovated Medical Hub with Amenities

      Newly renovated medical hub near healthcare organizations with on-site amenities.
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      View Details
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    Williamsville, NY 14221-5439
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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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