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Property profile & analytics
OFF-MARKET
Estimated value
$1,485,000
Warehouses
641 Conley Rd, Elma, NY 14059-9515
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-0632846
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
18,600 SF
Lot
17.15 ac (747,054 SF)
Zoning code
COMM
APN
144200 154.00-2-5.1
UPID
US63-0632846
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$1.49M
Owner & transaction history
James F Dan Brooks Lawrence JR. · 8 yrs held
James F Dan Brooks Lawrence JR.
since 2018
4 recorded transactions
Zoning & alternative use
COMM · Elma, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+99.2%
Auto repair, garage
$1.9M
+71.5%
Commercial (general)
$1.5M
+41.1%
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 Elma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elma 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%
$1,650,000
6.5%
$1,525,000
7%
$1,415,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,090,000
Current use
OFFICE BUILDING
$2,170,000
Change: +99% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,870,000
Change: +71% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,540,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$1.49M
Range $1.34M – $1.63M · ±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
$80 / 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
$68,600
Assessed 2023
Previous assessed
$68,600
+0.0% YoY
Assessed land
$6,200
Assessed improvement
$62,400
Land market value
$221,429
Improvement market value
$2,228,571
Total market value
$2,450,000
Applied tax rate
144,201.0000
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
2001
Heating
STEAM
Buildings
6
Stories
1
Bathrooms
1
Total area
18,600 SF
Lot
17.15 ac (747,054 SF)
Zoning code
COMM
APN
144200 154.00-2-5.1
UPID
US63-0632846
Jurisdiction
ERIE
Zoning & alternative use
COMM · Elma, NY
Zoning COMM · permitted uses
COMM · Elma, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Elma. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
OFFICE BUILDING
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.5M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
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
2001
Heating
STEAM
Stories
1
Buildings
6
Bathrooms
1
Lot
17.15 ac
Current owner
From public records · entity-resolved
James F Dan Brooks Lawrence JR.
Individual
Mailing address
621 CONLEY RD, ELMA, NY 14059-9515
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2018
—
Brooks Coml Prop LLC
—
Deed
related
$700,000 · Keybank USA
May 18, 2018
—
James F Dan Brooks Lawrence JR.
Joan M Brooks
Quit Claim Deed
related
—
—
—
Brooks Coml Prop LLC
—
Deed Of Trust
related
$700,000 · Keybank USA
—
—
Joan M Brooks
—
Deed Of Trust
related
$190,000 · Key Bank NA
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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