Property profile

1340 Military Rd Niagara Falls, NY 14304

OFF-MARKET
Office buildings
Property ID
US63-3634390
9,296 SF 5.45 ac lot Built 2016
Entity Owned 8-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is a retail space located on Military Road near Niagara Falls Boulevard, within close proximity to I-190, in an area characterized by extensive retail activity. It is part of a shopping center comprising approximately 35,000 square feet on a 5.5-acre site, with the shopping center built in 2014 and existing tenants including Xtreme Mattress Warehouse and Steak Stone & Sushi Bar & Grill. The center benefits from on-building signage and is positioned among major regional retailers and restaurants, including Fashion Outlets of Niagara Falls USA, Target, Wegman’s, Tops, Super Walmart, Sam’s Club, Harbor Freight, Office Max, and other dining and service businesses.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING
Year built 2016
Total area 9,296 SF
Lot 5.45 ac (237,402 SF)
Zoning code C3
APN 291100 161.05-5-2.12
UPID US63-3634390

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant
  • Furniture & Home Goods

Location

1340 Military Rd Niagara Falls, NY 14304-1730
Niagara Falls metro Census 22300 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$670k
Blend (final) Blend
$500k

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2007
$2.0M
2006
$1.7M

Zoning & alternative use

C3 · Niagara Falls, NY
Zoning description

The purpose of the district is to allow a more intense and large-scale combination of residential, commercial business, and mixed uses, This zone is predominately automobile oriented with a focus on accessibility to high…

General category MIXED_USE
Top alternative use upside
Restaurant $785,000 +21.0%
Commercial (general) $705,000 +9.3%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1340 Military Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message