Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Niagara Falls Land For Sale Title is generated by Realmo AI

    434 21st Street, Niagara Falls, NY 14303

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land available in Niagara Falls, New York.

    Type:Land / Other
    Property size:
    3,030 SF
    Price / SF:
    $4/SF
    Added:
    Nov 15, 2024
    Days on Market:
    567
    Last Refresh:
    May 13 at 8:57 pm

    Property Features for 434 21st Street

    General Information

    Standard status
    Active
    Size
    3,030 SF
    Property subtype
    Land / Other

    We can help!

    Listing Contact
    Louis S Rizzo

    Listing agent Louis S Rizzo License #30RI0517290

    Listing office Howard Hanna WNY Inc.

    Listing date Nov 15, 2024

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna WNY Inc.

    HighLights

    • Land available in Niagara Falls, New York.
    • No other structures on the property.
    • Exterior Features: Other Structures - None.
    • Real Estate Listing.
    • Additional Property Details provided.

    Overview

    A parcel of land is available for sale in Niagara Falls, New York. The property has a size of 3030 square feet.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.0370741
    Latitude
    43.0895541

    Nearby Similar for Sale

    • $759,000
      13,991 SF

      Niagara Falls Mixed-Use Investment

      Fully leased mixed-use property in high-traffic tourist area.
      435 3rd Street, Niagara Falls, NY 14301
      View Details
    • $759,000
      13,991 SF

      Niagara Falls Mixed-Use Investment

      Mixed-use property near Niagara Falls with residential and commercial income.
      435 3rd Street, Niagara Falls, NY 14301
      View Details
    • $735,000
      5,600 SF

      Niagara Falls Commercial Investment Opportunity

      Fully leased commercial building with warehouse and office space.
      1410 Pine Avenue, Niagara Falls, NY 14301
      View Details
    • $349,900
      6,547 SF

      Warehouse for Sale

      Warehouse and industrial property available under C-1 zoning on a 1.64-acre lot.
      1675 New Road, Niagara Falls, NY 14304
      View Details
    • $284,900
      1,538 SF

      Niagara Falls Professional Office Space

      Highly visible professional office space with parking and accessibility features.
      2121 Sawyer Drive, Niagara Falls, NY 14304
      View Details
    • $799,000
      12,512 SF

      Clear-Span Warehouse with Office

      All-metal, insulated warehouse with clear-span space, three overhead doors, and a turnkey office for immediate operations.
      1717 Mackenna Avenue, Niagara Falls, NY 14303
      View Details
    • $139,500
      1,337 SF

      Niagara Falls Office Condominium

      Office condominium in Niagara Falls, ideal for medical or professional use.
      151 Buffalo Avenue, Niagara Falls, NY 14303
      View Details
    • $149,900
      2,650 SF

      Spacious Multi-Family Niagara Falls Property

      Multi-family property with 5 bedrooms, 2 baths, and desirable amenities.
      2240 La Salle Avenue, Niagara Falls, NY 14301
      View Details
    • $169,000
      1,560 SF

      Niagara Falls Income-Producing Duplex

      Income-producing duplex near Niagara Falls, suitable for various opportunities.
      2225 Falls Street, Niagara Falls, NY 14303
      View Details
    • $199,900
      2,340 SF

      Niagara Falls Multifamily Investment

      Multifamily property with income potential near amenities.
      2204 La Salle Avenue, Niagara Falls, NY 14301
      View Details
    • $799,000
      7,036 SF

      Retail Storefront in Little Italy

      Corner lot retail building in Niagara Falls' Little Italy.
      1309 Pine Avenue, Niagara Falls, NY 14301
      View Details
    • $169,000
      1,858 SF

      Niagara Falls Two-Family Home

      Well-maintained two-family home with strong income potential.
      2247 Grand Avenue, Niagara Falls, NY 14301
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Niagara Falls, New York.
    Where is this land located?
    The property is located at 434 21st Street Niagara Falls, NY.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Land available in Niagara Falls, New York.; No other structures on the property.; Exterior Features: Other Structures - None.
    (716) 691-5800
    We can help!
    Listing Contact
    Louis S Rizzo
    Real Estate License ID: 30RI0517290
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    434 21st Street, Niagara Falls, NY 14303
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!