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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Office buildings
6489 Transit Rd, East Amherst, NY 14051-1427
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-3633720
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2011
Total area
3,688 SF
Lot
0.37 ac (16,117 SF)
APN
143200 43.05-4-44.112
UPID
US63-3633720
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
-
Cornerstone Periodontics and Dental Implants Dental Office
-
Lisa Yerke Dental Office
-
Ryan Corbelli Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$528k
Blend (final)
Blend
$520k
Owner & transaction history
Cornerstone Anderson Foundation LLC · 8 yrs held
Cornerstone Anderson Foundation LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$535,000
+24.4%
Neighborhood: shopping center
$500,000
+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 East Amherst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Amherst 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
OFFICE BUILDING
$430,000
Current use
RETAIL STORES
$535,000
Change: +24% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$500,000
Change: +16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$370,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$141 / 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
$600,000
Assessed 2023
Previous assessed
$600,000
+0.0% YoY
Assessed land
$135,000
Assessed improvement
$465,000
Land market value
$168,750
Improvement market value
$581,250
Total market value
$750,000
Applied tax rate
142,203.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2011
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
3,688 SF
Lot
0.37 ac (16,117 SF)
APN
143200 43.05-4-44.112
UPID
US63-3633720
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
OFFICE BUILDING Current
Est. value
$430,000
RETAIL STORES
Est. value
$535,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$500,000
AUTO REPAIR, GARAGE
Est. value
$370,000
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2011
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Cornerstone Anderson Foundation LLC
Entity
Mailing address
6105 TRANSIT RD STE #120, EAST AMHERST, NY 14051-2611
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2025
—
Cornerstone Anderson Foundation LLC
—
Deed
related
$470,000 · M & T Bank
Jun 15, 2018
$412,250
Cornerstone Anderson Foundation LLC
Gelder Development LLC
Warranty Deed
—
Jun 15, 2018
—
Cornerstone Anderson Foun LLC
—
Deed
related
$404,000 · M&t Bk
Feb 2, 2017
—
Gelder Developmentllc
—
Deed
related
$349,900 · Evans Bk NA
Feb 8, 2011
—
Gelder Dev LLC
—
Trustees Deed
related
$350,000 · Evans Bank NA
Jun 1, 2007
$130,000
Gelder Dev Co LLC
6465 Transit Road INC
Grant Deed
—
Feb 22, 2007
$150,000
Omfs Properties LLC
6465 Transit Road INC
Grant Deed
$544,000 · Northwest Savings Bank
Sep 7, 2006
$275,000
Gelder Dev Co LLC
6465 Transit Road INC
Grant Deed
—
Dec 9, 2005
$105,000
6477 Transit Road LLC
6465 Transit Road
Grant Deed
—
—
—
6465 Transit Road INC
—
Deed Of Trust
related
$750,000 · Greater Buffalo Savings Bank
—
—
Gelder Dev LLC
—
Deed Of Trust
related
$205,000 · Evans Bk NA
—
—
Gelder Dev LLC
—
Loan Modification
related
$350,000 · Evans Bk NA
—
—
Gelder Dev LLC
—
Deed Of Trust
related
$10,458 · Evans Bk NA
—
—
Gelder Developmentllc
—
Loan Modification
related
$349,900 · Evans Bk NA
—
—
Cornerstone Anderson Foun LLC
—
Loan Modification
related
$404,000 · M&t Bk
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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