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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Investment properties
746 Elmwood Ave Buffalo, NY 14222-1639
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-1657036
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Total area
6,449 SF
Lot
0.13 ac (5,863 SF)
Zoning code
N-2C
APN
140200 100.21-4-12
UPID
US63-1657036
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
-
Queen City Vintage (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$589k
Blend (final)
Blend
$505k
Owner & transaction history
746-748 Elm Wood Avenue INC · 8 yrs held
746-748 Elm Wood Avenue INC
since 2018
7 recorded transactions
Zoning & alternative use
N-2C · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$835,000
+65.8%
Restaurant
$800,000
+58.2%
Office building
$750,000
+48.2%
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
by Request
ML approach
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$505,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$835,000
Change: +66% · Conversion: Difficult
RESTAURANT
$800,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: +48% · Conversion: Easy
AUTO REPAIR, GARAGE
$630,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$78 / 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
$3,222
Tax year 2023
Assessed value
$620,000
Assessed 2023
Previous assessed
$620,000
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$58,600
Assessed improvement
$561,400
Land market value
$83,714
Improvement market value
$802,000
Total market value
$885,714
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Heating
NONE
Buildings
2
Stories
2
Total area
6,449 SF
Lot
0.13 ac (5,863 SF)
Zoning code
N-2C
APN
140200 100.21-4-12
UPID
US63-1657036
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$505,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$835,000
RESTAURANT
Est. value
$800,000
OFFICE BUILDING
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$630,000
COMMERCIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
OFFICE BUILDING
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
1910
Heating
NONE
Stories
2
Buildings
2
Lot
0.13 ac
Current owner
From public records · entity-resolved
746-748 Elm Wood Avenue INC
Entity
Free & Clear · 8 yrs held
Mailing address
110 RUSKIN RD, AMHERST, NY 14226-4265
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2018
$925,000
746-748 Elm Wood Avenue INC
3959 Main Street INC
Grant Deed
—
Jan 23, 2018
—
746-748 Elmwood Avenue INC
—
Deed
related
$545,621 · Great Lks Mtg Group LLC
Apr 7, 2015
$725,000
3959 Main Street INC
Great Lakes Management Group
Warranty Deed
$580,000 · Great Lakes Management Group
Jul 10, 2008
—
Great Lakes Management Grp LLC
Piccione,anthony C
Quit Claim Deed
related
—
Mar 24, 2008
—
Anthony C Piccione
Great Lakes Mgmt Grp LLC
Warranty Deed
—
Dec 28, 2004
$275,000
Great Lakes Mgmt Group LLC
Matt,walter J JR
Grant Deed
$220,000 · Walter J JR Matt
—
—
746-748 Elmwood Avenue INC
—
Loan Modification
related
$545,621 · Great Lks Mtg Group LLC
—
—
746-748 Elmwood Avenue INC
—
Loan Modification
related
$545,621 · Great Lks Mgmt Group LLC
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.
Try Rey
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