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    Property profile & analytics

    708 Elmwood Ave Buffalo, NY 14222-1602

    • Turn key restaurants
    • 2,941 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $880,000
    Last Sale
    Mar 29, 2022
    $953,500
    Location Intelligence
    Property ID
    US63-1167132
    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

    • Newbury / Restaurant
    • The Space at 708 / Restaurant
    • Parivaar Pub / Southeast Asian Restaurant / Bar & Grill
    • Acropolis OPA / Takeout Restaurant / Greek Restaurant

    Property Details for 708 Elmwood Ave

    Year built
    1925
    Lot size
    0.11 lot acres
    Property size
    2,941 SF
    Zone code
    N-2C
    Property type
    Turn key restaurants
    APN
    140200 100.29-3-12
    APU
    14020010029312

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $855,000

    • CAP approach

      CAP return
      Estimation
      6%
      $925,000
      6.5%
      $890,000
      7%
      $840,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $900,000
      Geo Method
      $975,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,040,000
      Retail
      $1,040,000
      Mixed-Use
      $870,000
      Hospitality
      $870,000
      Educational
      $780,000
      Residential Income
      $945,000
      Energy
      $1,060,000
      Income-Based Land
      $995,000
      Food Service
      $1,075,000

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.8775
    Latitude
    42.9164
    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
    2023
    $2,214
    $50,100
    $375,900
    $426,000
    -
    $71,571
    $537,000
    $608,571

    Comparable in this City

    • Value Estimation
      $360,000
      3,360 SF

      716 Elmwood Ave

      RESTAURANT • 3,360 SF
      716 Elmwood Ave, Buffalo, NY 14222-1602
      View Details
    • Value Estimation
      $535,000
      3,747 SF

      929 Elmwood Ave

      RESTAURANT • 3,747 SF
      929 Elmwood Ave, Buffalo, NY 14222-1211
      View Details
    • Value Estimation
      $715,000
      5,760 SF

      1081 Elmwood Ave

      RESTAURANT • 5,760 SF
      1081 Elmwood Ave, Buffalo, NY 14222-1225
      View Details
    • Value Estimation
      $385,000
      9,708 SF

      1104 Elmwood Ave

      RESTAURANT • 9,708 SF
      1104 Elmwood Ave, Buffalo, NY 14222-1226
      View Details
    • Value Estimation
      $585,000
      11,440 SF

      471 Elmwood Ave

      RESTAURANT • 11,440 SF
      471 Elmwood Ave, Buffalo, NY 14222-2395
      View Details
    • Value Estimation by Request
      1,018 SF

      1009 Elmwood Ave

      RESTAURANT • 1,018 SF
      1009 Elmwood Ave, Buffalo, NY 14222-1201
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $15 SF/Yr
      10,000 SF

      Elmwood Village Retail or Restaurant

      Turnkey retail or restaurant space in a popular neighborhood.
      547 Elmwood Ave, Buffalo, NY 14222
      View Details
    • $26 SF/Yr
      1,000 SF

      Elmwood Village Retail Space

      1000 SF Retail/Office, Prime Location
      220 Lexington Ave, Buffalo, NY 14222
      View Details
    • $15 SF/Yr
      2,225 SF

      Turnkey Retail or Restaurant Space

      2,225 SF retail or restaurant space in turnkey condition.
      555 Elmwood Ave, Buffalo, NY 14222
      View Details
    • $25 SF/Yr
      16,560 SF

      Elmwood Village Retail Spaces

      Prime Buffalo location, multiple suites available.
      471 Elmwood Ave, Buffalo, NY 14222
      View Details
    • $25 SF/Yr
      2,000 SF

      Elmwood Village Retail Space

      Renovated retail space in Elmwood Village near Buffalo State.
      1124 Elmwood Ave, Buffalo, NY 14222
      View Details
    • $24 SF/Yr
      2,000 SF

      Renovated Retail Space in Elmwood

      Newly renovated retail space in Elmwood Village near Buffalo State.
      577 Forest Ave, Buffalo, NY 14222
      View Details
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    Buffalo, NY 14222-1602
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    Realmo Value Estimation

    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.

    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.

    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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