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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Motels
1951 Niagara Fls Blvd, Amherst, NY 14228-3518
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US63-0237153
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1985
Total area
4,680 SF
Lot
1.81 ac (78,844 SF)
APN
142289 54.01-1-3.1
UPID
US63-0237153
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
$445k
CAP Approach
CAP
$540k
Comparable Approach
Comparable
$524k
Blend (final)
Blend
$505k
Owner & transaction history
Hrb Hospitality INC · 15 yrs held
Hrb Hospitality INC
since 2010
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$670,000
+93.8%
Neighborhood: shopping center
$605,000
+75.1%
Office building
$545,000
+56.5%
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
$445,000
CAP Approach
CAP Return
Estimation
6%
$585,000
6.5%
$540,000
7%
$505,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$345,000
Current use
RETAIL STORES
$670,000
Change: +94% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$605,000
Change: +75% · Conversion: Difficult
OFFICE BUILDING
$545,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$455,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$365,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$108 / 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
$54,935
Tax year 2019
Assessed value
$1,412,000
Assessed 2023
Previous assessed
$1,412,000
+0.0% YoY
Effective rate
3.89%
On assessed value
Assessed land
$611,000
Assessed improvement
$801,000
Land market value
$985,484
Improvement market value
$1,291,935
Total market value
$2,277,419
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1985
Heating
HOT WATER
Cooling
CENTRAL
Buildings
5
Stories
1
Rooms
6
Bathrooms
1
Total area
4,680 SF
Lot
1.81 ac (78,844 SF)
APN
142289 54.01-1-3.1
UPID
US63-0237153
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
HOTEL/MOTEL Current
Est. value
$345,000
RETAIL STORES
Est. value
$670,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$605,000
OFFICE BUILDING
Est. value
$545,000
AUTO REPAIR, GARAGE
Est. value
$455,000
COMMERCIAL (GENERAL)
Est. value
$365,000
HOTEL/MOTEL Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1985
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
5
Rooms
6
Bathrooms
1
Lot
1.81 ac
Current owner
From public records · entity-resolved
Hrb Hospitality INC
Entity
Mailing address
1951 NIAGARA FLS BLVD, AMHERST, NY 14228-3518
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2019
—
Hrb Hospitality INC
—
Deed
related
$1,200,000 · Bank Of Akron
Nov 1, 2010
$1,475,000
Hrb Hospitality INC
1951 Nfb LLC
Warranty Deed
—
Aug 4, 2006
$1,541,000
1951 Nfb LLC
Blue Dolphin Motor Lodge LLC
Grant Deed
$325,300 · Blue Dolphin Motor Lodge LLC
—
—
Hrb Hospitality INC
—
Deed Of Trust
related
$1,200,000 · Bank Of Akron
—
—
Hrb Hospitality INC
—
Loan Modification
related
$970,000 · First Niagara Fndg
—
—
785 Nfb LLC
—
Deed Of Trust
related
$2,419,721 · First Niagara Fndg
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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