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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Warehouses
59 John Glenn Dr, Buffalo, NY 14228-2119
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-1948276
Property summary
AI-generated overview
This exceptional 32,300-square-foot Class B warehouse, situated on a 2.45-acre lot at 59 John Glenn Dr, Buffalo, NY 14228, presents a compelling investment opportunity. Built in 1978 and renovated in 2009, the single-story building boasts 15-20 foot ceiling heights, ideal for various industrial uses. The property features three loading docks, including two dock-high doors, ensuring efficient material handling. Its R&D permitted zoning allows for flexibility in operations. Strategically located near I-990 and I-290, this warehouse offers convenient access to Western New York and Canadian border crossings. The asking price is $2,500,000, translating to $77.40 per square foot. Limited comparable properties are currently available in this market, making this a rare and attractive investment prospect. The property's prime location and functional design make it suitable for a variety of industrial, office/warehouse, or light manufacturing businesses. This is a chance to acquire a well-maintained, strategically located industrial asset in a thriving market.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
32,300 SF
Lot
2.45 ac (106,722 SF)
APN
142289 26.19-3-3.1
UPID
US63-1948276
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
-
Seventh Street Books Publishing House Printing Service
-
Julien Musolino Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.42M
Blend (final)
Blend
$1.80M
Owner & transaction history
Dhc Buffalo LLC · 1 yrs held
Dhc Buffalo LLC
since 2025
Last sale
$1.9M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+40.1%
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
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
WAREHOUSE, STORAGE
$1,805,000
Current use
COMMERCIAL (GENERAL)
$2,530,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$1.80M
Range $1.62M – $1.97M · ±10% · vs last sale $1.94M (Nov 7 2024)
Last sale anchor
$1.94M
Nov 7 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
$56 / 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
$25,445
Tax year 2019
Assessed value
$1,030,000
Assessed 2023
Previous assessed
$1,030,000
+0.0% YoY
Effective rate
2.47%
On assessed value
Assessed land
$110,000
Assessed improvement
$920,000
Land market value
$177,419
Improvement market value
$1,483,871
Total market value
$1,661,290
Applied tax rate
142,207.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
32,300 SF
Lot
2.45 ac (106,722 SF)
APN
142289 26.19-3-3.1
UPID
US63-1948276
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
WAREHOUSE, STORAGE Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE Current
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
1978
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
2.45 ac
Current owner
From public records · entity-resolved
Dhc Buffalo LLC
Entity
Free & Clear · 1 yrs held
Mailing address
34 HIGH ST, LAKEWOOD, NJ 08701-5223
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2025
$1,938,000
Dhc Buffalo LLC
Cobert 1 LP
Warranty Deed
—
Mar 5, 2019
—
Kurtz,paul Living Trust
Town Of Amherst Indl Dev Agcy
Quit Claim Deed
related
—
Mar 5, 2019
$1,125,000
Cobert 1 LP
Jonathan Kurtz
Deed
—
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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