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Property profile & analytics
OFF-MARKET
Estimated value
$3,875,000
Community centers
798 Harlem Rd, Buffalo, NY 14224-1008
Entity Owned
4-yr Hold
Free & Clear
Property ID
US63-3333378
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2003
Total area
14,609 SF
Lot
1.7 ac (74,052 SF)
Zoning code
12
APN
146800 124.09-4-7.2
UPID
US63-3333378
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
-
Rite Aid Pharmacy Pharmacy
-
Kevin DiGiacomo, Pharm Pharmacy
-
Sherrie L. Bengtson, RPH Pharmacy
-
Rite Aid (Bike/Boat/Book/etc) Store Cosmetic Store
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.69M
CAP Approach
CAP
$2.58M
Comparable Approach
Comparable
$2.78M
Blend (final)
Blend
$3.88M
Owner & transaction history
Lee Center IV LLC · 4 yrs held
Lee Center IV LLC
since 2021
Last sale
$4.1M
6 recorded transactions
Zoning & alternative use
12 · 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
$3,720,000
ML approach
$3,690,000
CAP Approach
CAP Return
Estimation
6%
$2,790,000
6.5%
$2,575,000
7%
$2,395,000
Blend value · Realmo final
$3.88M
Range $3.49M – $4.26M · ±10% · vs last sale $4.05M (Aug 17 2021)
Last sale anchor
$4.05M
Aug 17 2021
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
$265 / 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
$114,350
Tax year 2019
Assessed value
$1,180,000
Assessed 2023
Previous assessed
$1,180,000
+0.0% YoY
Effective rate
9.69%
On assessed value
Assessed land
$255,000
Assessed improvement
$925,000
Land market value
$980,769
Improvement market value
$3,557,693
Total market value
$4,538,462
Applied tax rate
146,801.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2003
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
14,609 SF
Lot
1.7 ac (74,052 SF)
Zoning code
12
APN
146800 124.09-4-7.2
UPID
US63-3333378
Jurisdiction
ERIE
Zoning & alternative use
12 · Buffalo, NY
Zoning 12 · permitted uses
12 · 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
2003
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.7 ac
Current owner
From public records · entity-resolved
Lee Center IV LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 3165, HARRISBURG, PA 17105-3165
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2021
$4,050,000
Lee Center IV LLC
Pontus Rad Portfolio LLC
Deed
—
Aug 17, 2021
—
Lee Center IV LLC
Fbbt Us Properties LLC
Quit Claim Deed
related
$2,300,000 · Bay Commercial Bank
Dec 29, 2016
$3,450,000
Pontus Rad Portfolio LLC
Rpai New York Portfolio LLC
Grant Deed
$19,500,000 · A10 Cap
Jun 16, 2016
$4,600
Nys Dept Of Transportatio
Inland Wstn New York Portfolio
Grant Deed
—
Jun 16, 2016
$15,100
Nys Dept Of Transportatio
Inland Wstn New York Portfolio
Grant Deed
—
Sep 9, 2005
—
Benderson 85-1 Trust
Benderson 85-1 Trust
Quit Claim Deed
related
—
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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