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    Property profile & analytics

    3041 Military Rd Niagara Falls, NY 14304

    • Turn key restaurants
    • 4,400 SF
    • 0.62 lot acres
    For Sale
    View listing
    $799,900
    Value Estimation
    Location Intelligence
    Property ID
    US63-2575994
    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

    • Casa Nova Restaurant / Italian Restaurant

    Property Details for 3041 Military Rd

    Year built
    1978
    Lot size
    0.62 lot acres
    Property size
    4,400 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Turn key restaurants
    APN
    293000 145.07-4-1
    APU
    2930001450741

    Description

    This exceptional opportunity presents a thriving restaurant and building for sale at 3041 Military Road in Niagara Falls, NY. The property, situated on a 1.1-acre lot, offers 4,735 square feet of space, ideal for continued operation or potential redevelopment. Built in 1955, the single-story Class B building features a bar, banquet room, and spacious dining area, all equipped and ready for immediate use. The sale includes all contents, ensuring a seamless transition for the new owner. The property boasts ample parking with approximately 68 spaces, a significant advantage in this high-traffic location. Its prime location near I-90, the Fashion Outlets of Niagara, Canada, Lewiston, and Niagara Falls State Park guarantees high visibility and accessibility. The property is zoned commercial and features ADA-compliant restrooms. The asking price is $799,900, translating to $168.93 per square foot. This turnkey operation offers a strong customer base and a welcoming atmosphere, making it an attractive investment for owner-users seeking a well-established business in a prime location. The property's Assessed Parcel Numbers are 293000-145-007-0004-001-000 and 293000-145-007-0004-002-000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $270,000
      6.5%
      $290,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $325,000
      Retail
      $250,000
      Mixed-Use
      $285,000
      Hospitality
      $285,000
      Educational
      $290,000
      Residential Income
      $240,000
      Energy
      $325,000
      Income-Based Land
      $275,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -78.9906
    Latitude
    43.1141
    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
    $25,400
    $149,600
    $175,000
    -
    $68,653
    $404,347
    $473,000

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      $255,000
      6,099 SF

      7617 Niagara Fls Blvd

      RESTAURANT • 6,099 SF
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      Freestanding Retail Building For Lease

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    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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