Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    3939 Niagara Falls Blvd North Tonawanda, NY 14120

    • Land
    • 0.68 lot acres
    For Sale
    View listing
    $595,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ALDI / Grocery Store / Supermarket

    Property Details for 3939 Niagara Falls Blvd

    Lot size
    0.68 lot acres
    Property type
    Land

    Description

    This exceptional 0.68-acre commercial land parcel presents a prime development opportunity on Niagara Falls Boulevard in Wheatfield, New York, zip code 14120. Located in Niagara County, this property boasts 200 feet of frontage on a high-traffic thoroughfare, ensuring maximum visibility for any commercial venture. The lot is situated next to a thriving Aldi's grocery store and a motel, guaranteeing high foot and vehicle traffic. The property's Commercial zoning allows for a wide range of development possibilities. This is an excellent site for build-to-suit projects or ground leases. The asking price is $595,000. For those seeking a larger investment, an additional 20 acres of adjacent vacant land is also available for separate purchase. The location offers significant advantages, including high visibility, high traffic counts, and close proximity to the Niagara Falls Airport. The corner lot features convenient traffic signal access, further enhancing its appeal. Don't miss this chance to acquire a highly desirable commercial property in a bustling area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Tonawanda
    County
    Niagara
    State
    New York
    Longitude
    -78.8267
    Latitude
    43.0554

    Comparable in this City

    • Value Estimation by Request
      27.70 Acres

      3901 Niagara Falls Blvd

      Land • 27.70 Acres
      3901 Niagara Falls Blvd, North Tonawanda, NY 14120
      View Details
    • Value Estimation by Request
      0.60 Acres

      3939 Niagara Falls Blvd

      Land • 0.60 Acres
      3939 Niagara Falls Blvd, North Tonawanda, NY 14120
      View Details
    • Value Estimation by Request
      149.00 Acres

      Errick Rd And Nash Rd

      Land • 149.00 Acres
      0 Errick Rd And Nash Rd, North Tonawanda, NY 14120
      View Details
    • Value Estimation by Request
      27.70 Acres

      3901 Niagara Falls Blvd

      Land • 27.70 Acres
      3901 Niagara Falls Blvd, North Tonawanda, NY 14120
      View Details
    • Value Estimation by Request

      3571 Niagara Falls Blvd

      Land
      3571 Niagara Falls Blvd, Wheatfield, NY 14120
      View Details
    • Value Estimation by Request
      4.30 Acres

      3059 Niagara Falls Blvd

      Land • 4.30 Acres
      3059 Niagara Falls Blvd, North Tonawanda, NY 14120
      View Details

    Similar Nearby for Sale

    • $975,000
      27.70 Acres

      Prime Niagara Falls Blvd Land

      27.7 Acres Commercial Land, North Tonawanda
      3901 Niagara Falls Blvd, North Tonawanda, NY 14120
      View Details
    • $499,900
      4.80 Acres

      Prime Niagara Falls Blvd Office & Land

      4,419 SF Office, 4.8 Acres, NY
      3059 Niagara Falls Blvd, North Tonawanda, NY 14120
      View Details
    • Contact for pricing
      149.00 Acres

      149 Acres Commercial Land, Wheatfield, NY

      Prime Commercial Land: 149 acres, high visibility.
      0 Errick Rd And Nash Rd, North Tonawanda, NY 14120
      View Details
    • $975,000
      27.70 Acres

      Niagara Falls Blvd Commercial Land

      Prime 27.7-Acre Commercial Lot in NY
      3901 Niagara Falls Blvd, North Tonawanda, NY 14120
      View Details
    • $595,000
      4.30 Acres

      Prime Niagara Falls Blvd Land

      4.3 Acres, Commercial Zoning, High Visibility
      3059 Niagara Falls Blvd, North Tonawanda, NY 14120
      View Details
    • $595,000
      0.68 Acres

      Niagara Falls Blvd Commercial Land

      0.68-acre commercial lot, high visibility.
      3939 Niagara Falls Blvd, North Tonawanda, NY 14120
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      210,081 SF

      Mid City Plaza: Medical & Retail Space

      North Tonawanda, NY medical & retail opportunity.
      287 Meadow Dr, North Tonawanda, NY 14120
      View Details
    • $11 SF/Yr
      8,605 SF

      Industrial Space Near Webster Street

      Warehouse/light manufacturing space available for lease near Webster Street.
      81 N Main St, North Tonawanda, NY 14120
      View Details
    • Contact for pricing
      810 SF

      Restricted Commercial Space For Rent

      810 SF commercial space in high-traffic location.
      135 Division St, North Tonawanda, NY 14120
      View Details
    • Contact for pricing
      120,776 SF

      North Tonawanda Retail Space Available

      Retail space for lease in high-traffic North Tonawanda plaza.
      953 Payne Ave, North Tonawanda, NY 14120
      View Details
    • Contact for pricing
      120,776 SF

      North Tonawanda Retail Space Available

      Retail space for lease in a high-traffic North Tonawanda plaza.
      953 Payne Ave, North Tonawanda, NY 14120
      View Details
    • Contact for pricing
      222,147 SF

      North Tonawanda Retail Space Available

      Retail space for lease in a high-traffic North Tonawanda plaza.
      301 Meadow Dr, North Tonawanda, NY 14120
      View Details
    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.
    3939 Niagara Falls Blvd
    North Tonawanda, NY 14120
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.