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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Office buildings
561 Main St, Tonawanda, NY 14150-3852
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-0081544
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Total area
19,261 SF
Lot
0.67 ac (29,185 SF)
APN
141600 53.29-3-37.1
UPID
US63-0081544
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
-
The Gateway Cafe & Grill Restaurant
-
Jessica Popovich Photography Photography Service (Bike/Boat/Book/etc) Store
-
Knights of Columbus Volunteer Organization Community Center
-
Nickel Realty Real Estate Agency
-
Thirteen Monkeys whiskey Big Box & Wholesale Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.41M
Owner & transaction history
Durilla Development Of Wny LLC · 1 yrs held
Durilla Development Of Wny LLC
since 2025
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
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
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
$2,250,000
Current use
AUTO REPAIR, GARAGE
$1,935,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±10% · vs last sale $1.17M (Oct 15 2024)
Last sale anchor
$1.17M
Oct 15 2024
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
$73 / 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
$1,100,000
Assessed 2023
Previous assessed
$850,000
+29.4% YoY
Assessed land
$77,000
Assessed improvement
$1,023,000
Land market value
$77,000
Improvement market value
$1,023,000
Total market value
$1,100,000
Applied tax rate
141,600.0000
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
1956
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
2
Total area
19,261 SF
Lot
0.67 ac (29,185 SF)
APN
141600 53.29-3-37.1
UPID
US63-0081544
Jurisdiction
ERIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$1.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1956
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Durilla Development Of Wny LLC
Entity
Mailing address
1847 MILITARY RD, KENMORE, NY 14217-1019
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2025
$1,168,000
Durilla Development Of Wny LLC
Gateway Harbor Center LLC
Bargain & Sale Deed
$900,000 · Alden State Bank
Dec 16, 2013
—
Gateway Harbor Ctr Ll
Ronan,james
Grant Deed
related
—
Aug 19, 2013
$350,000
James P Ronan
Gerspach Properties LLC
Grant Deed
$235,000 · Gerapach Properties LLC
Aug 14, 2013
—
Gerspach Properties LLC
Warren,mark
Grant Deed
related
—
Oct 7, 2009
$96,000
Gerspach Propeties LLC
Mat Properties INC
Grant Deed
—
Aug 21, 2009
$125,000
Mat Props INC
Ballshi,sunil
Grant Deed
related
—
May 6, 2005
$465,000
561 Main LLC
Warren,mark G
Warranty Deed
$375,000 · Manufacturers Traders & Trust
Apr 15, 2004
—
Mark G Warren
Warren,stanley
Quit Claim Deed
related
—
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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