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    1717 Pine Ave Niagara Falls, NY 14301
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    Property profile & analytics

    1717 Pine Ave, Niagara Falls, NY 14301

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    • Investment properties
    • 11,418 SF
    • 0.77 lot acres
    For Lease
    $1,150,000
    View Listing →
    Former Retail Building For Lease For Lease
    $1,150,000
    10,752 SF

    Former Retail Building For Lease

    10,752 SF former Rite Aid available for lease.

    1717 Pine Ave, Niagara Falls, NY 14301
    View Listing
    Property ID
    US63-3189193
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Joseph P. Genovese, Pharm / Pharmacy
    • Rite Aid / Pharmacy
    • Getu B. Nagasa, RPh / Pharmacy
    • Cardtronics ATM / Atm
    • higi / Physician

    Property Details for 1717 Pine Ave

    Year built
    1996
    Lot size
    0.77 lot acres
    Zone code
    C2-B
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    291100 159.24-2-8
    APU
    2911001592428

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 9, 2026 — Oreilly Auto Enterprises LLC 9274 Group LLC Deed —
    Sep 11, 2025 — 9275 Group LLC 9274 Group INC Deed $2.2M · Fund Investment 190 LLC

    Description

    This exceptional 10,752-square-foot free-standing retail building presents a unique investment opportunity in Niagara Falls, New York. Located at 1717 Pine Avenue, this single-tenant property sits on a 0.77-acre lot in a high-density area of Niagara County. The building is currently vacant, offering immediate occupancy for a wide range of retail uses. Its substantial size and prominent location provide excellent visibility and accessibility for potential tenants. The property's classification as a commercial, free-standing building ensures ample space and independent operation. The address is 1717 Pine Avenue, Niagara Falls, NY 14301. This prime location within Niagara County offers significant potential for businesses seeking a strong presence in a bustling market. The entire 10,752 square feet is available, providing flexibility for various retail concepts. The property's size and location make it an attractive option for businesses looking to establish or expand their operations in a high-traffic area. This is a rare opportunity to acquire a substantial retail space in a desirable location. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,250,000
      Market price range: $421k - $1.25M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $960,000
      OFFICE BUILDING
      $795,000
      AUTO REPAIR, GARAGE
      $760,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.0406
    Latitude
    43.0947
    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
    $116,900
    $568,100
    $685,000
    -
    $216,478
    $1,052,022
    $1,268,500

    Comparable in this City

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      STORE/OFFICE (MIXED USE)
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    Similar Nearby for Lease

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      Historic Office Space For Rent

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      Retail Storefront in Niagara Falls

      7,036 SF retail building with parking in Niagara Falls.
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      Retail Space on Busy Avenue

      Retail space with multiple rooms and full basement for lease.
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      Retail/Office Space on Pine Avenue

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      Retail Space on Pine Avenue

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    Niagara Falls, NY 14301
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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.

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