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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6023 Ketchum Ave Newfane, NY 14108-1012

    • Mobile home & RV parks
    • 672 SF
    • 2.70 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0098129
    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

    • Newfane & Olcott Retirement / Mobile Home Park

    Property Details for 6023 Ketchum Ave

    Year built
    1969
    Lot size
    2.70 lot acres
    Property size
    672 SF
    Property type
    Mobile home & RV parks
    APN
    292800 38.08-2-62
    APU
    2928003808262

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newfane
    County
    Niagara
    State
    New York
    Longitude
    -78.71
    Latitude
    43.2874
    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
    0
    $0.00
    $212,700
    $354,400
    $567,100
    -
    $409,047
    $681,553
    $1,090,600

    Comparable in this City

    • Value Estimation
      $300,000
      720 SF

      2329 Lockport Olcott Rd

      MOBILE HOME PARK, TRAILER PARK • 720 SF
      2329 Lockport Olcott Rd, Newfane, NY 14108-9500
      View Details
    • Value Estimation
      $330,000
      840 SF

      3059 Bixler Rd

      MOBILE HOME PARK, TRAILER PARK • 840 SF
      3059 Bixler Rd, Newfane, NY 14108-9730
      View Details
    • Value Estimation
      $225,000
      1,000 SF

      3261 Lockport Olcott Rd

      MOBILE HOME PARK, TRAILER PARK • 1,000 SF
      3261 Lockport Olcott Rd, Newfane, NY 14108-9776
      View Details
    • Value Estimation
      $215,000
      980 SF

      6372 Hatter Rd

      MOBILE HOME PARK, TRAILER PARK • 980 SF
      6372 Hatter Rd, Newfane, NY 14108-9700
      View Details
    • Value Estimation by Request

      Newfane, NY 14108

      SBE - SPECIAL ASSESSMENTS
      Newfane, NY 14108
      View Details
    • Value Estimation by Request
      4.70 Acres

      Ewings Rd

      VACANT COMMERCIAL LAND • 4.70 Acres
      Ewings Rd, Newfane, NY 14108
      View Details

    Similar Nearby for Sale

    • $275,000

      Newfane Multifamily Property for Sale

      Multifamily property available in Newfane, NY.
      6000 Ide Rd, Newfane, NY 14108
      View Details
    • $65,000
      1,844 SF

      Newfane Multifamily Investment Opportunity

      Multifamily property in Newfane, great investment or owner-occupied opportunity.
      2762 West Ave, Newfane, NY 14108
      View Details
    • $1,600,000
      5,306 SF

      Resort-Style Estate with In-Law Suite

      Luxury estate on 14+ acres with pool, gym, and more.
      3248 Lockport Olcott Rd, Newfane, NY 14108
      View Details
    • $315,000
      5,248 SF

      Newfane Main Street Mixed-Use Property

      Historic Newfane restaurant & 2.8 acres. Turnkey operation.
      2598 Main St, Newfane, NY 14108
      View Details
    • $599,000
      11,402 SF

      Established Restaurant and Retail Opportunity

      Profitable restaurant, retail units, and land for sale.
      3333 Lockport Olcott Rd, Newfane, NY 14108
      View Details
    • $50,000

      Newfane Land with Development Potential

      8.6 acre lot in Newfane, NY with development potential.
      L1 Charlotteville Rd, Newfane, NY 14108
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr

      Newfane Warehouse and Office Space

      Warehouse and office space available for lease in Newfane, NY.
      2712 West Ave, Newfane, NY 14108
      View Details
    • $12 SF/Yr
      11,402 SF

      Versatile Commercial Space Available

      Restaurant, retail, or event space opportunity.
      3333 Lockport-Olcott Rd, Newfane, NY 14108
      View Details
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    6023 Ketchum Ave
    Newfane, NY 14108-1012
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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