Property profile

1 Rainbow Blvd Niagara Falls, NY 14303

OFF-MARKET
Hotels
Property ID
US63-0619076
86,490 SF 2 ac lot Built 1987
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1987
Total area 86,490 SF
Lot 2 ac (87,120 SF)
Zoning code D1-C
APN 291100 158.12-1-14
UPID US63-0619076

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1 Rainbow Blvd Niagara Falls, NY 14303
Niagara Falls metro Census 21100 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.84M
CAP Approach CAP
$8.35M
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.92M

Owner & transaction history

since 2023
Last sale
$8.3M
4 recorded transactions
2023
$8.3M
2023
Price N/A
2009
$3.7M
2008
Price N/A

Zoning & alternative use

D1-C · Niagara Falls, NY
Zoning description

The purpose of these sub-districts is to provide for a diverse combination of commercial, residential, and mixed-use building types within the citys core tourist areas; to be protective of the world-class views of and fr…

General category MIXED_USE
Top alternative use upside
Commercial (general) $8.1M +240.1%
Auto repair, garage $7.8M +227.1%
Restaurant $6.6M +179.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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