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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1900 Niagara Fls Blvd Tonawanda, NY 14150-6427

    • Motels
    • 10,060 SF
    • 0.84 lot acres
    OFF-MARKET
    Last Sale
    Jul 13, 2021
    $800,000
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    3.4%
    Motels
    Location Intelligence
    Property ID
    US63-0326525
    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

    • Route 62 Motel / Motel

    Property Details for 1900 Niagara Fls Blvd

    Year built
    1952
    Lot size
    0.84 lot acres
    Property size
    10,060 SF
    Zone code
    C
    Property type
    Motels
    APN
    146489 54.23-4-4
    APU
    146489542344

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $765,000
      ML approach
      $770,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $745,000
      Current use
      OFFICE BUILDING
      $1,175,000
      Change: +58% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,010,000
      Change: +36% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $775,000
      Change: +4% Conversion: Difficult
      WAREHOUSE, STORAGE
      $620,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Tonawanda
    County
    Erie
    State
    New York
    Longitude
    -78.8234
    Latitude
    43.0063
    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
    2019
    $45,151
    $96,000
    $168,000
    $264,000
    -
    $400,000
    $700,000
    $1,100,000

    Comparable in this City

    • Value Estimation by Request
      6,443 SF

      40 Grand Is Blvd

      MOTEL • 6,443 SF
      40 Grand Is Blvd, Tonawanda, NY 14150-6604
      View Details
    • Value Estimation
      $700,000
      24,168 SF

      1120 Niagara Fls Blvd

      MOTEL • 24,168 SF
      1120 Niagara Fls Blvd, Tonawanda, NY 14150-9329
      View Details
    • Value Estimation
      $830,000
      29,964 SF

      225 Crestmount Ave

      MOTEL • 29,964 SF
      225 Crestmount Ave, Tonawanda, NY 14150-6310
      View Details
    • Value Estimation by Request
      5,674 SF

      1970 Niagara Fls Blvd

      MOTEL • 5,674 SF
      1970 Niagara Fls Blvd, Tonawanda, NY 14150-5542
      View Details
    • Value Estimation by Request
      9,011 SF

      1378 Niagara Fls Blvd

      MOTEL • 9,011 SF
      1378 Niagara Fls Blvd, Tonawanda, NY 14150-8431
      View Details
    • Value Estimation by Request
      8,660 SF

      2142 Niagara Fls Blvd

      MOTEL • 8,660 SF
      2142 Niagara Fls Blvd, Tonawanda, NY 14150-4734
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Niagara Falls Boulevard Redevelopment Site

      14-room motel and houses on 1.07 acres for sale.
      2740-2752 Niagara Falls Blvd, Tonawanda, NY 14150
      View Details
    • $330,000
      4,170 SF

      Tonawanda Commercial Building - 4170 sq ft

      Versatile commercial space, ideal for multiple uses.
      564 Young St, Tonawanda, NY 14150
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    • $219,900

      Turnkey Bar/Restaurant Opportunity

      Turnkey bar/restaurant with recent updates and equipment included.
      127 Niagara St, Tonawanda, NY 14150
      View Details
    • $1,500,000
      26,000 SF

      Tonawanda Retail/Industrial Opportunity

      High-visibility corner lot suitable for retail, supermarket, or self-storage.
      3640 Delaware Ave, Tonawanda, NY 14150
      View Details
    • $279,999
      Pending

      Tonawanda Home with Hardwood Floors

      Charming Tonawanda home with original hardwood floors and modern updates.
      210 Bannard Ave, Tonawanda, NY 14150
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    • $2,100,000
      28,280 SF

      Tonawanda Industrial Property: 28,280 SF

      Prime Tonawanda industrial space, ideal for distribution or manufacturing.
      595 Fillmore Ave, Tonawanda, NY 14150
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,014 SF

      Tops Plaza Tonawanda Retail Space

      Grocery-anchored center; prime Tonawanda location.
      76-100 Niagara St, Tonawanda, NY 14150
      View Details
    • $16 SF/Yr
      4,800 SF

      Retail Space on Sheridan Drive

      1600 SF end-cap retail space for lease.
      642 Sheridan Dr, Tonawanda, NY 14150
      View Details
    • $16 SF/Yr

      Tonawanda Office/Retail Space Available

      Office and retail spaces for lease in Gateway Harbor Center.
      561 Main St, Tonawanda, NY 14150
      View Details
    • Contact for pricing
      1,294 SF

      Tonawanda Office Space For Rent

      Office space for rent with convenient highway access.
      275 Cooper Ave, Tonawanda, NY 14150
      View Details
    • $1,600,000

      Tonawanda Specialty Property for Rent

      Specialty property available for rent in Tonawanda, New York.
      47 Niagara St, Tonawanda, NY 14150
      View Details
    • $50 SF/Yr

      Tonawanda Parking Lot for Rent

      Large blacktop parking lot available for outdoor storage or parking.
      1 Tussing Ln, Tonawanda, NY 14150
      View Details

    Property Visit Statistics

    • Visits by month
      6.4k
    • Visitors by month
      4.1k
    • Avg Time on site
      9 min
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    1900 Niagara Fls Blvd
    Tonawanda, NY 14150-6427
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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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