Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1611 Saunders Settlement Rd Niagara Falls, NY 14304-1065

    • Showrooms
    • 2,432 SF
    • 2.44 lot acres
    OFF-MARKET
    Last Sale
    Mar 07, 2024
    $80,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3806268
    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.

    Current Use by Public Records

    • Showrooms

    Property Details for 1611 Saunders Settlement Rd

    Year built
    1940
    Lot size
    2.44 lot acres
    Property size
    2,432 SF
    Property type
    Showrooms
    APN
    292489 117.17-1-38
    APU
    29248911717138

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -78.9689
    Latitude
    43.1403
    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
    $13,300
    $12,200
    $25,500
    -
    $28,913
    $26,522
    $55,435

    Comparable in this City

    • Value Estimation by Request
      3,696 SF

      8676 Buffalo Ave

      FINANCIAL BUILDING • 3,696 SF
      8676 Buffalo Ave, Niagara Falls, NY 14304-4365
      View Details
    • Value Estimation by Request
      5,849 SF

      1263 Military Rd

      FINANCIAL BUILDING • 5,849 SF
      1263 Military Rd, Niagara Falls, NY 14304-2441
      View Details
    • Value Estimation by Request
      4,816 SF

      8298 Niagara Fls Blvd

      FINANCIAL BUILDING • 4,816 SF
      8298 Niagara Fls Blvd, Niagara Falls, NY 14304-1714
      View Details
    • Value Estimation by Request
      6,376 SF

      2901 Military Rd

      FINANCIAL BUILDING • 6,376 SF
      2901 Military Rd, Niagara Falls, NY 14304-1251
      View Details
    • Value Estimation by Request
      1.11 Acres

      1655 Military Rd

      FINANCIAL BUILDING • 1.11 Acres
      1655 Military Rd, Niagara Falls, NY 14304-1745
      View Details
    • Value Estimation by Request
      4,280 SF

      880 Military Rd

      FINANCIAL BUILDING • 4,280 SF
      880 Military Rd, Niagara Falls, NY 14304-4717
      View Details

    Similar Nearby for Sale

    • $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
      View Details
    • Contact for pricing
      4,344 SF

      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
    • $150,000

      Retail Property with On-Site Parking

      Versatile retail space with excellent visibility and on-site parking.
      8656 Buffalo Ave, Niagara Falls, NY 14304
      View Details
    • $259,900
      3,749 SF

      Niagara Falls Commercial Space

      Commercial space in Niagara Falls with many potential uses.
      520 Cayuga Drive Ext, Niagara Falls, NY 14304
      View Details
    • Contact for pricing

      Former Gas Station & Store

      Former gas station and convenience store with remodeling in progress.
      8721 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details
    • Contact for pricing
      10,322 SF

      Prime Niagara Falls Commercial Building

      10,322 SF Bank/Office, Vacant, 1.08 Acres
      2443 Military Rd, Niagara Falls, NY 14304
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      1,100 SF

      Niagara Falls Travel Center Retail

      Retail space available in high-traffic travel center with Tim Hortons.
      6025 Porter Rd, Niagara Falls, NY 14304
      View Details
    • 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
      5,372 SF

      Niagara Falls Retail Space Available

      High-visibility storefront, ample parking, 2,973 sq ft.
      8529 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details
    • Contact for pricing
      11,875 SF

      Visible Retail Space Near Outlets

      Retail or office space in high-traffic area near shopping.
      2101 Military Rd, Niagara Falls, NY 14304
      View Details
    • Contact for pricing
      4,758 SF

      Retail Space on Niagara Falls

      Retail space available on Niagara Falls Blvd with high visibility.
      8233 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details
    • Contact for pricing
      8,000 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
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1611 Saunders Settlement Rd
    Niagara Falls, NY 14304-1065
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!