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    1540 Military Rd Niagara Falls, NY 14304-4704
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    Property profile & analytics

    1540 Military Rd Niagara Falls, NY 14304-4704

    View on Map
    • Community centers
    • 211,484 SF
    • 18.30 lot acres
    Off-Market
    Property ID
    US63-5965169
    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.
    Value Estimations
    $3,075,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Woodforest National Bank ATM / Atm
    • Walmart House Cleaning Services / Hardware & Home Improvement
    • Walmart Tech Services / Tech Support Center / (Bike/Boat/Book/etc) Store
    • Walmart Bakery / Bakery / Specialty Food Shop
    • Coinstar / Bank / Credit Union

    Property Details for 1540 Military Rd

    Year built
    2009
    Lot size
    18.30 lot acres
    Property size
    211,484 SF
    Zone code
    C3
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    291100 160.08-3-1.112
    APU
    2911001600831112

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,215,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -78.9782
    Latitude
    43.0943
    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
    $1,384,800
    $7,615,200
    $9,000,000
    -
    $2,564,444
    $14,102,223
    $16,666,667

    Comparable in this City

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    • Value Estimation by Request
      98,000 SF

      6929 Williams Rd

      MINI-MALL • 98,000 SF
      6929 Williams Rd, Niagara Falls, NY 14304-3086
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    • Value Estimation
      $545,000
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      6929 Williams Rd

      MINI-MALL • 127,901 SF
      6929 Williams Rd, Niagara Falls, NY 14304-3086
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    • Value Estimation by Request
      20,932 SF

      8535 Niagara Fls Blvd

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    • Value Estimation
      $575,000
      41,299 SF

      6560 Niagara Fls Blvd

      MINI-MALL • 41,299 SF
      6560 Niagara Fls Blvd, Niagara Falls, NY 14304-1550
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    • Value Estimation
      $1,300,000
      110,668 SF

      750 Builders Way

      MINI-MALL • 110,668 SF
      750 Builders Way, Niagara Falls, NY 14304-2103
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Neighborhood Shopping Center For Sale

      Highly visible neighborhood shopping center with multiple spaces available.
      2065 River Rd, Wheatfield, NY 14304
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    • $1,700,000

      Niagara Falls Blvd Retail Plaza

      Move-in ready retail plaza near Niagara Falls International Airport.
      10158 Niagara Falls Blvd, Niagara Falls, NY 14304
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      11,640 SF

      High-Visibility Commercial Property on Military Road

      Prime commercial property with showroom, offices, workshops, and warehouse spaces.
      2925 Military Rd, Niagara Falls, NY 14304
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    • Contact for pricing
      34,051 SF

      Established Restaurant and Lounge Opportunity

      Operating restaurant and lounge in Little Italy since 1927.
      2220 Pne St, Niagara Falls, NY 14304
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      Niagara Falls Blvd Retail Opportunity

      Retail spaces with drive-thru on heavily trafficked Niagara Falls Blvd.
      2260 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details
    • $460,000
      9,120 SF

      Retail Showroom with Warehouse Space

      Retail showroom with attached warehouse and garage in visible location.
      7221 Niagara Falls Blvd, Niagara Falls, NY 14304
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    Similar Nearby for Lease

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      1,500 SF

      Retail Space on Niagara Falls

      Retail space available on Niagara Falls Blvd with high visibility.
      8233 Niagara Falls Blvd, Niagara Falls, NY 14304
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    • Contact for pricing
      4,358 SF

      Retail Space on Niagara Falls Boulevard

      Retail space available at a high-traffic intersection near major retailers.
      8426-8460 Niagara Falls Blvd, Niagara Falls, NY 14304
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    • Contact for pricing
      15,000 SF

      Retail Space in Niagara Falls

      Up to 15,000 SF retail space for lease.
      1340 Military Rd, Niagara Falls, NY 14304
      View Details
    • Contact for pricing

      Niagara Falls Boulevard Retail Space

      Retail space available in high-traffic Niagara Falls business district.
      Niagara St, Niagara Falls, NY 14304
      View Details
    • $16 SF/Yr

      Niagara Falls Blvd Retail/Office Space

      Two spaces available on Niagara Falls Blvd, suitable for various businesses.
      10158 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details

    Property Visit Statistics

    • Visits by month
      257.5k
    • Visitors by month
      105.4k
    • Avg Time on site
      36 min
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    Niagara Falls, NY 14304-4704
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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