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Property profile & analytics
OFF-MARKET
Estimated value
$905,000
Warehouses
1500 James Ave, Niagara Falls, NY 14305-1222
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-3229919
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Total area
21,581 SF
Lot
2.2 ac (95,832 SF)
Zoning code
I1
APN
291100 130.14-2-19
UPID
US63-3229919
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
-
Tecmotiv (USA), Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$819k
Blend (final)
Blend
$905k
Owner & transaction history
1500 James LLC · 1 yrs held
1500 James LLC
since 2024
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
I1 · Niagara Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+64.8%
Auto repair, garage
$1.4M
+57.8%
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
WAREHOUSE, STORAGE
$910,000
Current use
OFFICE BUILDING
$1,500,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,435,000
Change: +58% · Conversion: Easy
INDUSTRIAL (GENERAL)
$885,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$905k
Range $815k – $996k · ±10% · vs last sale $1.00M (Apr 12 2024)
Last sale anchor
$1.00M
Apr 12 2024
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
$42 / 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
$296,900
Assessed 2023
Previous assessed
$296,900
+0.0% YoY
Assessed land
$24,000
Assessed improvement
$272,900
Land market value
$44,443
Improvement market value
$505,357
Total market value
$549,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
21,581 SF
Lot
2.2 ac (95,832 SF)
Zoning code
I1
APN
291100 130.14-2-19
UPID
US63-3229919
Jurisdiction
NIAGARA
Zoning & alternative use
I1 · Niagara Falls, NY
Zoning I1 · permitted uses
I1 · 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
WAREHOUSE, STORAGE Current
Est. value
$910,000
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
INDUSTRIAL (GENERAL)
Est. value
$885,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1999
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
1500 James LLC
Entity
Free & Clear · 1 yrs held
Mailing address
623 LK RD, YOUNGSTOWN, NY 14174-1038
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2025
—
1500 James LLC
—
Deed
related
$11,500,000 · Fifth Third Bank NA
Sep 26, 2024
—
1500 James LLC
—
Deed
related
$702,500 · Key Bank NA
Jul 12, 2024
$1,000,000
1500 James LLC
Cerrone Estate Properties LLC
Bargain And Sale Deed
—
Nov 3, 2010
—
Seven Grand Props LLC
Cerrone,armand
Grant Deed
related
—
—
—
Armand Cerrone
—
Deed Of Trust
related
$470,000 · First Niagara Funding INC
—
—
Cerrone Estate Properties LLC
—
Deed Of Trust
related
$273,637 · First Niagara Bank
—
—
Cerrone Estate Properties LLC
—
Deed Of Trust
related
$313,514 · First Niagara Bank
—
—
Armand Cerrone
—
Deed Of Trust
related
$863,583 · First Niagara Funding INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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