Financial
Distress signals
Property profile

515 3Rd St Niagara Falls, NY 14301

FOR SALE
Office buildings
Property ID
US63-5649347
7,524 SF 0.17 ac lot Built 1958
Last sale Oct 2022 · $95,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A full-brick medical office building configured for healthcare use, featuring approximately 30 rooms within the existing structure. The interior is designed as a multi-room layout suitable for a range of medical office and patient-facing spaces without requiring a ground-up buildout, while the solid brick exterior provides a street-facing presence. The building is located in downtown Niagara Falls, near the casino area and within the broader downtown tourism and development district. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$157k
Assessed land$9k
Assessed improvement$148k

Value estimate

· Sep 2026
$85k
$77k – $94k
AI approach$95k
NOI build-up
Gross scheduled income$108k
Vacancy & credit loss−$7k
Operating expenses−$40k
NOI · 15.17% cap applied$61k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$70/SF
County average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$32 – $103

Cap rate analysis

How does the asset earn?
15.17%
$61k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2-A
The Traditional Commercial district is intended to allow for a mix of residential and commercial uses along major travel corridors
General categoryCOMMERCIAL
JurisdictionNIAGARA

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand index
Hair Salon10.3
Plumbing Service9.5
Skin Care Clinic9.4

Location

515 3Rd St Niagara Falls, NY 14301
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
760 Main, Niagara Falls, NY 14301-1700 $92,000 Feb 2025 5,578 SF
640 Park, Niagara Falls, NY 14301-1026 $360,000 Feb 2024 4,704 SF
616 Pne, Niagara Falls, NY 14301-1754 $140,000 Jul 2023 4,952 SF
909 Pne, Niagara Falls, NY 14301-1807 $250,000 May 2023 5,496 SF
727 Main, Niagara Falls, NY 14301-1741 $135,000 Nov 2021 6,797 SF
457 3rd, Niagara Falls, NY 14301-1505 $100,000 May 2019 5,632 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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