Property profile

511 3rd St Niagara Falls, NY 14301

OFF-MARKET
Other investment properties
Property ID
US63-5849894
6,648 SF 0.11 ac lot Built 1960
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

A large commercial property near Niagara Falls with approximately 10,000 sq. ft of building area and an upper level over a spacious lower level. The lower level includes a full basement and is configured for potential business, retail, or office use. The upper level has been gutted and is prepared for redesign as an apartment or as additional office/residential space, supported by a private upstairs entrance for separate access. The building is constructed of solid concrete and features a roof that has been replaced. Parking is provided in a rear lot and via street parking.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1960
Total area 6,648 SF
Lot 0.11 ac (4,884 SF)
Zoning code C2-A
APN 291100 159.29-1-41
UPID US63-5849894

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

511 3rd St Niagara Falls, NY 14301-1507
Niagara Falls metro Census 21100 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$115k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$115k

Owner & transaction history

since 2024
Last sale
$115,000
4 recorded transactions
2024
$115,000
2011
$50,000
2011
Price N/A
2004
$250,000

Zoning & alternative use

C2-A · Niagara Falls, NY
Zoning description

The Traditional Commercial district is intended to allow for a mix of residential and commercial uses along major travel corridors

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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