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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Turn key restaurants
1925 Niagara Fls Blvd, Amherst, NY 14228-3500
Entity Owned
10-yr Hold
Free & Clear
Property ID
US63-3001940
Property summary
AI-generated overview
This exceptional 6,124 square foot commercial property, located at 1925 Niagara Falls Boulevard in Amherst, New York, presents a unique opportunity for a restaurant or retail business. Built in 1993 and extensively renovated in 2018, the building sits on a sizable 1.23-acre lot, offering ample space and visibility. Currently entirely vacant, this property is zoned for commercial, non-office use, making it ideal for a variety of businesses. Its strategic location off exit 3 of I-290 places it within the bustling Niagara Falls Boulevard retail and hospitality corridor, ensuring high traffic and excellent exposure. The property's previous tenant was a national restaurant chain, demonstrating its suitability for food service establishments. The owner is open to leasing the existing building or offering a ground lease to a qualified tenant. This presents a rare chance to establish a thriving business in a prime Amherst location with significant potential for growth. The property is situated in Erie County, New York, with a zip code of 14228, and falls within the Niagara Falls Blvd at I-290 submarket.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1993
Total area
6,153 SF
Lot
1.09 ac (47,480 SF)
APN
142289 54.01-1-4.1
UPID
US63-3001940
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
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$877k
Blend (final)
Blend
$860k
Owner & transaction history
National Retail Props LP · 10 yrs held
National Retail Props LP
since 2016
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$885,000
+16.0%
Neighborhood: shopping center
$800,000
+4.8%
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 Amherst submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Amherst 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
RESTAURANT
$760,000
Current use
RETAIL STORES
$885,000
Change: +16% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: +5% · Conversion: Difficult
OFFICE BUILDING
$715,000
Change: -6% · Conversion: Moderate
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$140 / 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
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$41,133
Tax year 2019
Assessed value
$1,060,000
Assessed 2023
Previous assessed
$1,060,000
+0.0% YoY
Effective rate
3.88%
On assessed value
Assessed land
$415,000
Assessed improvement
$645,000
Land market value
$669,355
Improvement market value
$1,040,322
Total market value
$1,709,677
Applied tax rate
142,207.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1993
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
6,153 SF
Lot
1.09 ac (47,480 SF)
APN
142289 54.01-1-4.1
UPID
US63-3001940
Jurisdiction
ERIE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$760,000
RETAIL STORES
Est. value
$885,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
OFFICE BUILDING
Est. value
$715,000
RESTAURANT Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1993
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
National Retail Props LP
Entity
Free & Clear · 10 yrs held
Mailing address
8111 SMITHS ML RD, NEW ALBANY, OH 43054-1183
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2016
—
National Retail Props LP
Bob Evans Farms LLC
Grant Deed
—
Apr 27, 2016
$1,388,060
National Retail Properties LP
Bob Evans Farms LLC
Grant Deed
—
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.
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