Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Community centers
1575 Military Rd 1653 Niagara Falls, NY 14304-4705
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-1842964
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Total area
131,133 SF
Lot
14.6 ac (635,976 SF)
Zoning code
05 - COMMERCIAL
APN
293000 161.05-1-3.21
UPID
US63-1842964
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
-
EG Tax Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Niagara Plaza LLC · 11 yrs held
Niagara Plaza LLC
since 2014
7 recorded transactions
Zoning & alternative use
05 - COMMERCIAL · Niagara Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
NEIGHBORHOOD: SHOPPING CENTER
$1,995,000
Current use
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±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
$12 / 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
$4,300,000
Assessed 2023
Previous assessed
$4,300,000
+0.0% YoY
Assessed land
$730,000
Assessed improvement
$3,570,000
Land market value
$1,972,969
Improvement market value
$9,648,631
Total market value
$11,621,600
Applied tax rate
293,001.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1988
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
131,133 SF
Lot
14.6 ac (635,976 SF)
Zoning code
05 - COMMERCIAL
APN
293000 161.05-1-3.21
UPID
US63-1842964
Jurisdiction
NIAGARA
Zoning & alternative use
05 - COMMERCIAL · Niagara Falls, NY
Zoning 05 - COMMERCIAL · permitted uses
05 - COMMERCIAL · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1988
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
14.6 ac
Current owner
From public records · entity-resolved
Niagara Plaza LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1500 BRKS AVE, ROCHESTER, NY 14624-3512
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2014
—
Niagara Plaza LLC
—
Loan Modification
related
$7,287,750 · Td Bk NA
Nov 26, 2014
$9,325,000
Niagara Plaza LLC
Niagara Station INC
Grant Deed
related
—
Jul 16, 2007
$10,897,675
Niagara Station INC
Bg Wnf LLC
Grant Deed
—
May 26, 2004
$6,500,000
Bg Wnf LLC
M/z Associates LLC
Grant Deed
—
May 10, 2004
—
M/z Associates LLC
Niagara County Indl Dev Agcy
Quit Claim Deed
related
—
—
—
Niagara Station INC
—
Loan Modification
related
$221,000,000 · Bank Of America
—
—
Niagara Station INC
—
Deed Of Trust
related
$7,360,000 · Bank Of America
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.
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 1575 Military Rd, Unit 1653?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
