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    560 56Th St Niagara Falls, NY 14304

    • Warehouses
    • 19,200 SF
    • 0.85 lot acres
    For Sale
    View listing
    $750,000
    Value Estimation
    Last Sale
    Mar 04, 2022
    $600,000
    Location Intelligence
    Property ID
    US63-1232830
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Patriot Field Services / General Contractor

    Property Details for 560 56Th St

    Year built
    1984
    Lot size
    0.85 lot acres
    Property size
    19,200 SF
    Zone code
    I2
    Property type
    Warehouses
    APN
    291100 160.32-1-32
    APU
    29110016032132

    Description

    Exceptional investment opportunity: a 19,200 square foot multi-tenant warehouse in Niagara Falls, NY, asking $750,000. Built in 1984 and extensively renovated in 2019, this property boasts 12,500 square feet of warehouse space featuring a 10-ton crane, plus 2,500 square feet of brand new office space. Two apartments above generate additional income. Recent upgrades include new windows, LED lighting, furnace, hot water tanks, and rooftop units (2019). The warehouse benefits from a mostly column-free layout, enhancing operational efficiency. Power is provided by a robust 400 amp, 483-volt, 3-phase electrical service. Situated on a 0.85-acre lot, the building features a 14-foot ceiling height. Its convenient location offers easy access to the I-190 highway and is less than 10 minutes from the Lewiston-Queenston Bridge, providing proximity to the Canadian border. This property presents a compelling combination of income generation, modern amenities, and strategic location within an established industrial area. The price per square foot is $39.06. The property is located at 560 56th St, Niagara Falls, NY 14304.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $545,000

    • CAP approach

      CAP return
      Estimation
      6%
      $570,000
      6.5%
      $580,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $675,000
      Geo Method
      $780,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $695,000
      Retail
      $635,000
      Mixed-Use
      $670,000
      Hospitality
      $580,000
      Educational
      $575,000
      Residential Income
      $535,000
      Energy
      $575,000
      Income-Based Land
      $575,000
      Food Service
      $520,000

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.0006
    Latitude
    43.0891
    CBSA code
    15380
    CBSA name
    BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $10,800
    $199,200
    $210,000
    -
    $20,001
    $368,899
    $388,900

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      2150 Lockport Rd

      BULK STORAGE, TANKS • 1,280 SF
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      7847 Lee Dr, Unit 7991

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      8101 Buffalo Ave

      WAREHOUSE, STORAGE • 4,800 SF
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    • Value Estimation
      $325,000
      15,721 SF

      4829 Tomson Ave

      WAREHOUSE, STORAGE • 15,721 SF
      4829 Tomson Ave, Niagara Falls, NY 14304-2151
      View Details

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    560 56Th St
    Niagara Falls, NY 14304
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    Realmo Value Estimation

    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.

    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.

    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
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