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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Warehouses
8216 Rte 16 Franklinville, NY 14737-9588
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US63-4828332
Property profile
Verified
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Year built
1994
Total area
2,600 SF
Lot
2.7 ac (117,612 SF)
Zoning code
01 - NOT ZONED
APN
043800 40.001-2-14.7
UPID
US63-4828332
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Electric Self Storage LLC · 3 yrs held
Electric Self Storage LLC
since 2023
Last sale
$715,000
6 recorded transactions
Zoning & alternative use
01 - NOT ZONED · Franklinville, 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 Franklinville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklinville 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
$705,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $715k (Feb 14 2023)
Last sale anchor
$715k
Feb 14 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
$273 / 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
Property tax & assessments
Assessed value
$249,500
Assessed 2023
Previous assessed
$249,500
+0.0% YoY
Assessed land
$13,000
Assessed improvement
$236,500
Land market value
$19,697
Improvement market value
$358,333
Total market value
$378,030
Applied tax rate
44,001.0000
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
BULK STORAGE, TANKS
Status
Off-Market
Year built
1994
Heating
NONE
Buildings
9
Stories
1
Total area
2,600 SF
Lot
2.7 ac (117,612 SF)
Zoning code
01 - NOT ZONED
APN
043800 40.001-2-14.7
UPID
US63-4828332
Jurisdiction
CATTARAUGUS
Zoning & alternative use
01 - NOT ZONED · Franklinville, NY
Zoning 01 - NOT ZONED · permitted uses
01 - NOT ZONED · Franklinville, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Franklinville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Stories
1
Buildings
9
Lot
2.7 ac
Current owner
From public records · entity-resolved
Electric Self Storage LLC
Entity
Mailing address
31 BROOKINS GRN DR, ORCHARD PARK, NY 14127-2558
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2023
$715,000
Electric Self Storage LLC
Golden Armor Prop INC
Warranty Deed
$555,000 · Lake Shore Savings Bank
Jul 29, 2022
$40,000
Randal S Ubriaco
Michael Greenawalt
Deed
—
Jan 3, 2014
$330,000
Golden Armor Props INC
8216 Route 16 LLC
Grant Deed
—
Aug 11, 2009
$180,000
8216 Route 16 LLC
Dusterhus,martin
Grant Deed
related
—
May 24, 2006
$185,000
Martin Dusterhus
Hammersmith,robert
Warranty Deed
—
Mar 6, 2006
—
Robert Hammersmith
Hammersmith,robert
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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