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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Turn key restaurants
708 Elmwood Ave Buffalo, NY 14222-1602
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US63-1167132
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1925
Total area
2,941 SF
Lot
0.11 ac (5,005 SF)
Zoning code
N-2C
APN
140200 100.29-3-12
UPID
US63-1167132
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
-
Newbury Restaurant
-
The Space at 708 Restaurant
-
Parivaar Pub Restaurant
-
Acropolis OPA Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$910k
Owner & transaction history
Wellnow Holdings LLC · 4 yrs held
Wellnow Holdings LLC
since 2022
Last sale
$953,500
7 recorded transactions
Zoning & alternative use
N-2C · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$855,000
ML approach
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $954k (Mar 29 2022)
Last sale anchor
$954k
Mar 29 2022
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
$309 / 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
Tax billed
$2,214
Tax year 2023
Assessed value
$426,000
Assessed 2023
Previous assessed
$426,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$50,100
Assessed improvement
$375,900
Land market value
$71,571
Improvement market value
$537,000
Total market value
$608,571
Applied tax rate
140,200.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1925
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
2
Total area
2,941 SF
Lot
0.11 ac (5,005 SF)
Zoning code
N-2C
APN
140200 100.29-3-12
UPID
US63-1167132
Jurisdiction
ERIE
Zoning & alternative use
N-2C · Buffalo, NY
Zoning N-2C · permitted uses
N-2C · Buffalo, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Buffalo. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1925
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Wellnow Holdings LLC
Entity
Mailing address
1806 IRVING ST NW, WASHINGTON, DC 20010-2615
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2022
—
Wellnow Holdings LLC
—
Deed
related
$665,000 · S & T Bank
Mar 29, 2022
$953,500
Wellnow Holdings LLC
Crush Hospitality Concepts LLC
Warranty Deed
$558,500 · Crush Hospitality Concepts LLC
Aug 10, 2018
—
Crush Hospitality Concepts LLC
—
Deed
related
$352,000 · Evans Bk NA
Nov 30, 2017
—
Crush Hospitality LLC
Tsouflidis,paul
Quit Claim Deed
related
—
Jan 15, 2010
$50,000
Paul Tsouflidis
Tsouflidis,efthalia
Grant Deed
related
$165,000 · Fred Hanania
—
—
Paul Tsouflidis
—
Deed Of Trust
related
$200,000 · John & Efthalia Tsouflidis
—
—
Crush Hospitality Concepts LLC
—
Deed Of Trust
related
$352,000 · Evans Bk 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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