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Property profile & analytics
OFF-MARKET
Estimated value
$1,170,000
Warehouses
742 Hertel Ave Buffalo, NY 14207-1906
Entity Owned
2-yr Hold
Free & Clear
Property ID
US63-1572731
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1916
Total area
14,400 SF
Lot
4.42 ac (192,535 SF)
Zoning code
N-1S
APN
140200 78.61-1-11.1
UPID
US63-1572731
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
-
PPG Collision Repair Center Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.17M
Owner & transaction history
Uniland Partnership Of Delaware LP · 2 yrs held
Uniland Partnership Of Delaware LP
since 2023
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
N-1S · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.9M
+132.3%
Restaurant
$1.8M
+121.6%
Office building
$1.7M
+107.6%
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
$1,195,000
ML approach
$1,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$805,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,870,000
Change: +132% · Conversion: Moderate
RESTAURANT
$1,785,000
Change: +122% · Conversion: Difficult
OFFICE BUILDING
$1,670,000
Change: +108% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,400,000
Change: +74% · Conversion: Easy
COMMERCIAL (GENERAL)
$820,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.17M
Range $1.05M – $1.29M · ±10% · vs last sale $1.18M (Oct 27 2023)
Last sale anchor
$1.18M
Oct 27 2023
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
$81 / 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
$2,508
Tax year 2023
Assessed value
$482,600
Assessed 2023
Previous assessed
$482,600
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$75,300
Assessed improvement
$407,300
Land market value
$107,571
Improvement market value
$581,858
Total market value
$689,429
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1916
Heating
NONE
Buildings
2
Stories
2
Total area
14,400 SF
Lot
4.42 ac (192,535 SF)
Zoning code
N-1S
APN
140200 78.61-1-11.1
UPID
US63-1572731
Jurisdiction
ERIE
Zoning & alternative use
N-1S · Buffalo, NY
Zoning N-1S · permitted uses
N-1S · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
RESTAURANT
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$820,000
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1916
Heating
NONE
Stories
2
Buildings
2
Lot
4.42 ac
Current owner
From public records · entity-resolved
Uniland Partnership Of Delaware LP
Entity
Free & Clear · 2 yrs held
Mailing address
100 CORPORATE PKWY, AMHERST, NY 14226-1200
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 27, 2023
—
Uniland Partnership Of Delaware LP
The Uniland Partnership Of Delaware
Intrafamily Transfer
related
—
Nov 23, 2021
—
Young Mens Crstn Assn Buffalo Niaga
Young Mens Crstn Assn Buffalo Niaga
Intrafamily Transfer
related
—
Aug 3, 2021
—
The Unland Partnership Of Delaware
The Unland Partnership Of Delaware
Intrafamily Transfer
related
—
Dec 28, 2018
—
Uniland Ptshp Of Delaware LP
Uniland Elmwood II LLC
Quit Claim Deed
—
Jun 21, 2018
$1,182,671
Uniland Elmwood II LLC
D3 Elmwood North LLC
Warranty Deed
—
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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