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Property profile & analytics
FOR SALE
Investment properties
87 Lake St, Hamburg, NY 14075
Entity Owned
9-yr Hold
Free & Clear
Property ID
US63-5617809
For Sale
1 / 19
$289,900
87 Lake St, Hamburg, NY 14075
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1937
Total area
1,960 SF
Lot
0.18 ac (8,008 SF)
Zoning code
C2
APN
144803 196.05-13-50
UPID
US63-5617809
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
-
The Glass Menagerie smoke shop (Bike/Boat/Book/etc) Store Alternative Medicine Practice
-
The Glass menagerie Head Shop (Bike/Boat/Book/etc) Store
-
Next To Nature Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
297 Buffalo Street LLC · 9 yrs held
297 Buffalo Street LLC
since 2016
3 recorded transactions
Zoning & alternative use
C2 · Hamburg, 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 Hamburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hamburg 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$68,800
Assessed 2023
Previous assessed
$68,800
+0.0% YoY
Assessed land
$19,200
Assessed improvement
$49,600
Land market value
$60,000
Improvement market value
$155,000
Total market value
$215,000
Applied tax rate
144,801.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1937
Heating
NONE
Buildings
1
Stories
1
Total area
1,960 SF
Lot
0.18 ac (8,008 SF)
Zoning code
C2
APN
144803 196.05-13-50
UPID
US63-5617809
Jurisdiction
ERIE
Zoning & alternative use
C2 · Hamburg, NY
Zoning C2 · permitted uses
C2 · Hamburg, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hamburg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1937
Heating
NONE
Stories
1
Buildings
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
297 Buffalo Street LLC
Entity
Free & Clear · 9 yrs held
Mailing address
176 FOXCROFT DR, HAMBURG, NY 14075-4629
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2022
—
Buffalo Street LLC
—
Deed
related
$1,375,000 · Five Star Bank
Oct 17, 2016
$132,000
297 Buffalo Street LLC
Lanfear,shannon M
Grant Deed
—
Nov 29, 2007
$113,500
Shannon Merrick Lanfear
Thomas J Laski
Warranty Deed
$90,400 · Waterford Village Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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