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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Investment properties
577 Niagara St Buffalo, NY 14201-1107
Entity Owned
3-yr Hold
Free & Clear
Property ID
US63-3671526
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1880
Total area
2,596 SF
Lot
0.08 ac (3,564 SF)
Zoning code
N-2C
APN
140200 99.83-6-29
UPID
US63-3671526
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
-
Buckminster's Cat Cafe Cafe & Coffee Shop
-
Grisanti & Grisanti Law Firm
-
Pleet Home Care CDPAP Home Health Care Service
-
Pecoraro Peter J Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$430k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
577 Niagara LLC · 3 yrs held
577 Niagara LLC
since 2022
Last sale
$525,000
3 recorded transactions
Zoning & alternative use
N-2C · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$375,000
+60.6%
Neighborhood: shopping center
$335,000
+45.1%
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 Buffalo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Buffalo 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
$565,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$465,000
6.5%
$430,000
7%
$400,000
Alternative Use
Use
Estimation
RETAIL STORES
$375,000
Change: +61% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$335,000
Change: +45% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $525k (Sep 8 2022)
Last sale anchor
$525k
Sep 8 2022
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
$208 / 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
Tax billed
$889
Tax year 2023
Assessed value
$171,000
Assessed 2023
Previous assessed
$171,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$34,800
Assessed improvement
$136,200
Land market value
$49,714
Improvement market value
$194,572
Total market value
$244,286
Applied tax rate
140,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1880
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
2
Total area
2,596 SF
Lot
0.08 ac (3,564 SF)
Zoning code
N-2C
APN
140200 99.83-6-29
UPID
US63-3671526
Jurisdiction
ERIE
Zoning & alternative use
N-2C · Buffalo, NY
Zoning N-2C · permitted uses
N-2C · Buffalo, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Buffalo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$375,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$335,000
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1880
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
577 Niagara LLC
Entity
Free & Clear · 3 yrs held
Mailing address
109 LK DR, HEWLETT, NY 11557-2628
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2022
$525,000
577 Niagara LLC
Ruthful LLC
Warranty Deed
—
Oct 1, 2019
—
Ruthful LLC
—
Deed
related
$925,000 · Gable Holdings LLC
—
—
Ruthful LLC
—
Deed Of Trust
related
$925,000 · Gable Holdings LLC
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.
Try Rey
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