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Property profile & analytics
FOR SALE
Office buildings
5844 Southwestern Blvd, Hamburg, NY 14075
Entity Owned
Free & Clear
Property ID
US63-5483098
For Sale
1 / 3
$4,610,000
5844 Southwestern Blvd, Hamburg, NY 14075
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2017
Total area
28,544 SF
Lot
6.46 ac (281,398 SF)
Zoning code
C2
APN
144889 181.00-3-11.12
UPID
US63-5483098
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
-
Jennifer Crowe Physician
-
Dr. Lisa A. Daye, MD Physician
-
Southtowns Radiology - Premier Medical Center Medical Clinic
-
Dr. Stanley Fernandez Physician
-
Great Lakes Cardiology Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.87M
Comparable Approach
Comparable
$4.84M
Blend (final)
Blend
$4.61M
Owner & transaction history
SHARMA DEVELOPMENT LLC
SHARMA DEVELOPMENT LLC
Zoning & alternative use
C2 · Hamburg, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.1M
+24.4%
Restaurant
$3.9M
+17.0%
Neighborhood: shopping center
$3.9M
+15.9%
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 Hamburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamburg 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%
$6,360,000
6.5%
$5,870,000
7%
$5,450,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,335,000
Current use
RETAIL STORES
$4,145,000
Change: +24% · Conversion: Moderate
RESTAURANT
$3,900,000
Change: +17% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$3,865,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,870,000
Change: -14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,865,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$4.61M
Range $4.15M – $5.07M · ±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
$162 / 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
$2,372,200
Assessed 2023
Previous assessed
$2,372,200
+0.0% YoY
Assessed land
$45,900
Assessed improvement
$2,326,300
Land market value
$143,437
Improvement market value
$7,269,688
Total market value
$7,413,125
Applied tax rate
144,804.0000
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
For Sale
Year built
2017
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
28,544 SF
Lot
6.46 ac (281,398 SF)
Zoning code
C2
APN
144889 181.00-3-11.12
UPID
US63-5483098
Jurisdiction
ERIE
Zoning & alternative use
C2 · Hamburg, NY
Zoning C2 · permitted uses
C2 · Hamburg, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hamburg. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.3M
RETAIL STORES
Est. value
$4.1M
RESTAURANT
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$2.9M
OFFICE BUILDING Current
RETAIL STORES
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
2017
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
6.46 ac
Current owner
From public records · entity-resolved
SHARMA DEVELOPMENT LLC
Entity
Free & Clear · 0 yrs held
Mailing address
12657 SENECA RD, IRVING, NY 14081-9707
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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