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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Office buildings
10 Rainbow Blvd, Niagara Falls, NY 14303-1132
Individually Owned
18-yr Hold
Free & Clear
Property ID
US63-0053833
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
2010
Total area
7,451 SF
Lot
0.25 ac (10,890 SF)
Zoning code
D1-C
APN
291100 158.12-1-15
UPID
US63-0053833
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Niagara Beautification Commission Association / Organization
-
Niagara Tourism Convention Crp Travel Agency
-
Niagara Falls USA Official Visitor Center & Destination Niagara USA Offices Travel Agency Tour Operator
-
Downtown Niagara Falls Business Association Association / Organization
-
Marquisvp Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$766k
Blend (final)
Blend
$800k
Owner & transaction history
Tourism Niagara · 18 yrs held
Tourism Niagara
since 2007
6 recorded transactions
Zoning & alternative use
D1-C · Niagara Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$625,000
+21.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Niagara Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Niagara Falls submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$520,000
Current use
RESTAURANT
$625,000
Change: +21% · Conversion: Moderate
AUTO REPAIR, GARAGE
$495,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$107 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$543,200
Assessed 2023
Previous assessed
$543,200
+0.0% YoY
Assessed land
$58,900
Assessed improvement
$484,300
Land market value
$109,071
Improvement market value
$896,829
Total market value
$1,005,900
Applied tax rate
291,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
Off-Market
Year built
2010
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
7,451 SF
Lot
0.25 ac (10,890 SF)
Zoning code
D1-C
APN
291100 158.12-1-15
UPID
US63-0053833
Jurisdiction
NIAGARA
Zoning & alternative use
D1-C · Niagara Falls, NY
Zoning D1-C · permitted uses
D1-C · Niagara Falls, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Niagara Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$520,000
RESTAURANT
Est. value
$625,000
AUTO REPAIR, GARAGE
Est. value
$495,000
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Tourism Niagara
Individual
Free & Clear · 18 yrs held
Mailing address
10 RAINBOW BLVD, NIAGARA FALLS, NY 14303-1132
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2010
—
Tourism Niagara
—
Trustees Deed
related
$750,000 · Hsbc Bank USA
Aug 3, 2007
$386,000
Tourism Niagara
Amendola Family Trust II
Warranty Deed
—
Aug 3, 2007
—
David D Fenster
Amendola,frank A
Affidavit Of Death
related
—
Jan 12, 2007
$386,000
Amendola Family Trust II
Amendola,frank A
Grant Deed
related
—
Sep 27, 2004
$369,000
Frank A Amendola
Artisans Alley INC
Grant Deed
—
—
—
Tourism Niagara
—
Deed Of Trust
related
$750,000 · Hsbc Bank USA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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