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Property profile & analytics
OFF-MARKET
Estimated value
$12,460,000
Office buildings
77 Goodell St Buffalo, NY 14203-1243
Individually Owned
12-yr Hold
Free & Clear
Property ID
US63-4327858
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1926
Total area
142,860 SF
Zoning code
D-M
APN
140200 111.31-11-2.1
UPID
US63-4327858
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
-
Nishant Whig Medical School
-
Cassadaga Job Corps Academy Training Center
-
Buffalo Employment and Training Center (BETC) Business Service Center Employment Agency
-
CEL Alumni Association Association / Organization
-
Kim Griswold Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.41M
Blend (final)
Blend
$12.46M
Owner & transaction history
State University Empire State · 12 yrs held
State University Empire State
since 2014
4 recorded transactions
Zoning & alternative use
D-M · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$20.5M
+23.8%
Neighborhood: shopping center
$18.5M
+11.9%
Restaurant
$17.7M
+6.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,570,000
Current use
RETAIL STORES
$20,520,000
Change: +24% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$18,540,000
Change: +12% · Conversion: Difficult
RESTAURANT
$17,685,000
Change: +7% · Conversion: Moderate
AUTO REPAIR, GARAGE
$13,905,000
Change: -16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,590,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$12.46M
Range $11.21M – $13.71M · ±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
$87 / 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 2019Property tax & assessments
Tax year 2019
Tax billed
$151,136
Tax year 2019
Assessed value
$9,902,000
Assessed 2023
Previous assessed
$9,902,000
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$454,100
Assessed improvement
$9,447,900
Land market value
$648,714
Improvement market value
$13,497,000
Total market value
$14,145,714
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1926
Heating
NONE
Buildings
1
Stories
5
Total area
142,860 SF
Zoning code
D-M
APN
140200 111.31-11-2.1
UPID
US63-4327858
Jurisdiction
ERIE
Zoning & alternative use
D-M · Buffalo, NY
Zoning D-M · permitted uses
D-M · 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
OFFICE BUILDING Current
Est. value
$16.6M
RETAIL STORES
Est. value
$20.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$18.5M
RESTAURANT
Est. value
$17.7M
AUTO REPAIR, GARAGE
Est. value
$13.9M
COMMERCIAL (GENERAL)
Est. value
$13.6M
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1926
Heating
NONE
Stories
5
Buildings
1
Current owner
From public records · entity-resolved
State University Empire State
Individual
Free & Clear · 12 yrs held
Mailing address
542 CAPEN HALL, BUFFALO, NY 14260-1600
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2014
—
State University Empire State
Fnub INC
Grant Deed
—
Jun 21, 2011
—
Ppl Of State Of Ny State
Fnub INC
Grant Deed
related
—
Nov 14, 2007
$12,040,000
Fnub INC
Century Centre
Grant Deed
related
—
—
—
Century Centre
—
Deed Of Trust
related
$3,106,504 · Lehigh Const Group INC
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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