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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Office buildings
934 Cleveland Dr Buffalo, NY 14225-1279
Entity Owned
12-yr Hold
Free & Clear
Property ID
US63-2129971
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1993
Total area
5,019 SF
Lot
0.63 ac (27,443 SF)
Zoning code
05C
APN
143089 80.19-3-31
UPID
US63-2129971
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
-
Community Health Center Of Cheektowaga Community Health Centre
-
Spine Surgery Buffalo Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$539k
Blend (final)
Blend
$525k
Owner & transaction history
Nys Dept Of Transportatio · 12 yrs held
Nys Dept Of Transportatio
since 2014
4 recorded transactions
Zoning & alternative use
05C · Buffalo, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$720,000
+23.8%
Neighborhood: shopping center
$650,000
+11.9%
Restaurant
$620,000
+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
$580,000
Current use
RETAIL STORES
$720,000
Change: +24% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$650,000
Change: +12% · Conversion: Difficult
RESTAURANT
$620,000
Change: +7% · Conversion: Moderate
AUTO REPAIR, GARAGE
$490,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$105 / 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
Assessed value
$435,000
Assessed 2023
Previous assessed
$435,000
+0.0% YoY
Assessed land
$105,000
Assessed improvement
$330,000
Land market value
$115,385
Improvement market value
$362,637
Total market value
$478,022
Applied tax rate
143,003.0000
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
PROFESSIONAL BUILDING
Status
Off-Market
Year built
1993
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
5,019 SF
Lot
0.63 ac (27,443 SF)
Zoning code
05C
APN
143089 80.19-3-31
UPID
US63-2129971
Jurisdiction
ERIE
Zoning & alternative use
05C · Buffalo, NY
Zoning 05C · permitted uses
05C · 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
$580,000
RETAIL STORES
Est. value
$720,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$650,000
RESTAURANT
Est. value
$620,000
AUTO REPAIR, GARAGE
Est. value
$490,000
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1993
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Nys Dept Of Transportatio
Entity
Free & Clear · 12 yrs held
Mailing address
15 COSTIN RD, AMHERST, NY 14226-1420
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 17, 2014
—
Nys Dept Of Transportatio
Schoene,horst R & Viola R
Grant Deed
related
—
Jun 17, 2014
$1,950
Nys Dept Of Transportatio
Schoene,horst R & Viola R
Grant Deed
related
—
May 29, 2009
—
Horst R Schoene
Schoene,horst R & Viola R
Quit Claim Deed
related
—
Jan 3, 2008
—
Horst R Schoene
Schoene,viola R
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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