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    1975 Military Rd Niagara Falls, NY 14304
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    Property profile & analytics

    1975 Military Rd Niagara Falls, NY 14304

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    • Investment properties
    • 12,949 SF
    • 2.00 lot acres
    For Sale
    $2,500,000
    View Listing →
    Prime Retail Development Site For Sale
    $2,500,000
    10.00 Acres

    Prime Retail Development Site

    10-acre commercial site with frontage on Military Road.

    1975 Military Rd, Niagara Falls, NY
    View Listing
    Property ID
    US63-3383773
    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

    • Alcliff Plaza / Landscaping / General Contractor

    Property Details for 1975 Military Rd

    Year built
    1963
    Lot size
    2.00 lot acres
    Property size
    12,949 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    293000 145.20-2-2.1
    APU
    29300014520221

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $962,000
      Market price range: $426k - $1.37M
      AI Estimate
      $980,000
      Market price range: $438k - $1.57M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $985,000
      Current use
      RESTAURANT
      $1,090,000
      Change: +11% Conversion: Difficult
      OFFICE BUILDING
      $900,000
      Change: -9% Conversion: Easy
      AUTO REPAIR, GARAGE
      $860,000
      Change: -12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -78.9752
    Latitude
    43.0985
    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
    $186,400
    $162,800
    $349,200
    -
    $503,792
    $440,008
    $943,800

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      2565 Young St

      STORE/OFFICE (MIXED USE) • 4,000 SF
      2565 Young St, Niagara Falls, NY 14304-5715
      View Details
    • Value Estimation
      $1,680,000
      14,550 SF

      1306 Military Rd

      STORE/OFFICE (MIXED USE) • 14,550 SF
      1306 Military Rd, Niagara Falls, NY 14304-1775
      View Details
    • Value Estimation by Request
      6,000 SF

      600 56th St

      STORE/OFFICE (MIXED USE) • 6,000 SF
      600 56th St, Niagara Falls, NY 14304-2106
      View Details
    • Value Estimation by Request
      756 SF

      535 Cayuga Dr

      STORE/OFFICE (MIXED USE) • 756 SF
      535 Cayuga Dr, Niagara Falls, NY 14304-3469
      View Details
    • Value Estimation by Request
      13,696 SF

      7703 Buffalo Ave

      STORE/OFFICE (MIXED USE) • 13,696 SF
      7703 Buffalo Ave, Niagara Falls, NY 14304-4133
      View Details
    • Value Estimation
      $695,000
      14,432 SF

      2430 Military Rd, Unit 2440

      STORE/OFFICE (MIXED USE) • 14,432 SF
      2430 Military Rd, Niagara Falls, NY 14304-1558
      View Details

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      Waterfront Mixed-Use Income Property

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      Niagara Falls Blvd Retail Plaza

      Move-in ready retail plaza near Niagara Falls International Airport.
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    • $59,900
      26,077 SF

      Cleared Lot Ready to Go

      Building lot in high-traffic area near highways and airport.
      3225 Military Rd, Niagara Falls, NY 14304
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Niagara Falls Boulevard Retail Space

      Retail space available in high-traffic Niagara Falls business district.
      Niagara St, Niagara Falls, NY 14304
      View Details
    • $16 SF/Yr

      Niagara Falls Blvd Retail/Office Space

      Two spaces available on Niagara Falls Blvd, suitable for various businesses.
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    • $12 SF/Yr

      New Flex Space Available

      New flex and warehouse spaces with garage doors and parking.
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    • Contact for pricing

      Redone Office Space Available

      Office space on high traffic corner, ready for use.
      560 56Th St, Niagara Falls, NY 14304
      View Details

    Property Visit Statistics

    • Visits by month
      672
    • Visitors by month
      611
    • Avg Time on site
      22 min
    View Listing
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    Niagara Falls, NY 14304
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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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