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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
Strip malls
9370 Transit Rd 9392, East Amherst, NY 14051-1494
Entity Owned
11-yr Hold
Free & Clear
Property ID
US63-1191147
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1988
Total area
15,600 SF
Lot
1.71 ac (74,488 SF)
Zoning code
GB
APN
142289 43.05-1-3.11
UPID
US63-1191147
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
-
Almaza Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
Pines Of East Amherst LLC · 11 yrs held
Pines Of East Amherst LLC
since 2015
6 recorded transactions
Zoning & alternative use
GB · East Amherst, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.3M
+7.3%
Restaurant
$2.1M
+1.0%
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 East Amherst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Amherst 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
NEIGHBORHOOD: SHOPPING CENTER
$2,110,000
Current use
RETAIL STORES
$2,265,000
Change: +7% · Conversion: Easy
RESTAURANT
$2,130,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$1,820,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±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
$115 / 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
$37,414
Tax year 2019
Assessed value
$1,150,000
Assessed 2023
Previous assessed
$1,150,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$600,000
Assessed improvement
$550,000
Land market value
$967,742
Improvement market value
$887,097
Total market value
$1,854,839
Applied tax rate
142,203.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1988
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
15,600 SF
Lot
1.71 ac (74,488 SF)
Zoning code
GB
APN
142289 43.05-1-3.11
UPID
US63-1191147
Jurisdiction
ERIE
Zoning & alternative use
GB · East Amherst, NY
Zoning GB · permitted uses
GB · East Amherst, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Amherst. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.1M
RETAIL STORES
Est. value
$2.3M
RESTAURANT
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
RESTAURANT
OFFICE BUILDING
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
1988
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
Pines Of East Amherst LLC
Entity
Free & Clear · 11 yrs held
Mailing address
9332 TRANSIT RDB, EAST AMHERST, NY 14051-1453
Ownership since
2015
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
May 19, 2015
—
Pines Of East Amherst LLC
Pines Of Amherst INC
Quit Claim Deed
—
Apr 23, 2013
—
Kamal Khanjani
4125 Transit Road INC
Quit Claim Deed
related
—
—
—
Pines Of Amherst INC
—
Loan Modification
related
$1,240,000 · Bank Of Akron
—
—
Pines Of Amherst INC
—
Deed Of Trust
related
$1,240,000 · Bank Of Akron
—
—
Pines Of Amherst INC
—
Deed Of Trust
related
$737,937 · Trustco Bank
—
—
Pines Of Amherst INC
—
Deed Of Trust
related
$1,251,360 · Trustco 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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