FOR LEASE
Turn key restaurants
Property ID
US63-1167132
Entity Owned Owner of record is a legal entity (LLC / corporation).
4-yr Hold Held for 4 years.
~
Est. High Equity Modeled equity is high. Estimate, not a fact.
Entity Owned 
For Lease
$4,500/Mo
708 Elmwood Ave, Buffalo, NY 14222
View Listing
Ownership intelligence
Who controls the opportunity?
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Can we reach the decision maker?
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
What is owed, to whom, and when it comes due
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
What does the county charge?
$2k
Tax billed · 2023
Assessed value$426k
Assessed land$50k
Assessed improvement$376k
Effective rate0.52%
Value estimate
· Sep 2026$855k
$770k – $941k
AI approach$880k
NOI build-up
Gross scheduled income$18k
Vacancy & credit loss−$348
Operating expenses−$5k
NOI · 280.18% cap applied$13k
Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
What actually traded nearby?
$124/SF
Submarket average, outlier-cleaned · 96 recorded sales of this use type
Observed band · Q1–Q3$53 – $216
Qualifying comparables6
Cap rate analysis
How does the asset earn?
280.18%
$13k estimated NOI · market benchmarks for this use type
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
What can be built here?
N-2C
The N-2C zone addresses mixed-use, walkable centers of Buffalo most compact neighborhoods, many of which were fully developed before the ...
General categoryMIXED_USE
JurisdictionERIE
Location intelligence
Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service13.2
Parking Facility11.4
Dry Cleaner10.0
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
✓ County assessor
✓ Recorded deeds · 7 transfers
✓ 6 qualifying comp sales
✓ Zoning catalog
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
4 recorded sales · 15 properties nearbyRecent sales nearby
4 recorded sales in this ZIP, last 8 years
Address
Sale price
Sold
Size
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Comparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$855k
Value range
$770k – $941k
±10% around blend
Estimated value / SF
$291 / SF
Confidence
High
6 county-verified comps
Property data
100
Market benchmarks
67
Comparable sales
60
Income certainty
100
$770k
blend $855k
$941k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
- GBA
- 2,941 SF
- Lot area
- 0.11 ac
- Year built
- 1925
- Stories
- 2
- APN
- 140200 100.29-3-12
- Zoning
- N-2C
- Assessed value · 2023
- $426,000
- Annual tax · 2023
- $2,214
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2023
- $2,214
- Selected cap rate
4
Comparable sales
Partial preview
Comparables picked and weighted for this valuation. The Overview tab lists recorded sales nearby as our records hold them, unweighted and unselected, so the two do not have to agree.
Sales approach indication
$522k
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale date
Sale price
$ / SF
2.0 mi away · 2,820 SF
2.4 mi away · 2,243 SF
6.2 mi away · 2,210 SF
6.6 mi away · 3,343 SF
8.2 mi away · 3,402 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$855k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)
Average
Subject delta
Submarket 96 sales
$124
+135%
County 168 sales
$137
+113%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $291/SF.
Delta below average reads as headroom.
Source: Realmo CRE sales derivatives (county records).
7
Methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable sales, saved work and exports.
9-scenario matrix
Comparable sales · 6
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet
No recorded sale, income signal or market-rate row for its use type. Any figures below are a modeled what-if, not an implied cap rate.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$180k
Move the market yield to see immediate price impact.
Value / SF
$61
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$11k
$227k
$162k
$126k
$13k
$252k
$180k
$140k
$14k
$277k
$198k
$154k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable sales
Partial preview
Qualifying comparables
6 found
High confidence · county-verified
Closest comparable
$400k
0.7 mi · Mar 2026 · $140/SF
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Building & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
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
MIXED_USE
APN
140200 100.29-3-12
UPID
US63-1167132
Jurisdiction
ERIE
Property tax & assessments
Tax year 2023
Tax billed
$2,214
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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
Jurisdiction
Buffalo, NY
Zoning code
N-2C
Category
MIXED_USE
Codes and permitted uses for this address
Registration is required before the official district profile is shown.
Official district profile
What the municipal code says about N-2C
Zoning description
The N-2C zone addresses mixed-use, walkable centers of Buffalo most compact neighborhoods, many of which were fully developed before the automobile became prominent
General category
MIXED_USE
Owner Contacts
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties we can resolve, with estimated value
Deal signalsSell-side activity where we detect it
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Mortgages · part of Ownership Intelligence
See what the owner owes, and when it comes due.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
What opens after registration
Ownership report
Recorded loansLender, amount and origination for every instrument
Estimated maturityWhen the debt comes due and the refi window opens
Rates & liensRecorded or estimated rate, junior liens flagged
CollateralWhich holding secures each loan - this property marked
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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- Local Zoning Insight
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