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    Property profile & analytics

    240 1st St Niagara Falls, NY 14303

    • Hotels
    • 118,535 SF
    • 1.52 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US63-5635041
    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

    • Papa John's Pizza / Pizza Restaurant
    • Falls Wedding Chapel / Wedding Chapel
    • Old Falls Street Burgers / Restaurant
    • Legends Bar / Bar
    • Quality Hotel & Suites At The Falls / Hotel

    Property Details for 240 1st St

    Year built
    1986
    Lot size
    1.52 lot acres
    Property size
    118,535 SF
    Zone code
    D1-B
    Property type
    Hotels
    APN
    291100 158.12-1-16
    APU
    29110015812116

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.0622
    Latitude
    43.0854
    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
    $331,100
    $3,473,300
    $3,804,400
    -
    $613,149
    $6,432,051
    $7,045,200

    Comparable in this City

    • Value Estimation by Request
      160,807 SF

      401 Buffalo Ave

      HOTEL • 160,807 SF
      401 Buffalo Ave, Niagara Falls, NY 14303-1318
      View Details
    • Value Estimation by Request
      270,580 SF

      300 3rd St

      HOTEL • 270,580 SF
      300 3rd St, Niagara Falls, NY 14303-1102
      View Details
    • Value Estimation
      $8,270,000
      86,490 SF

      1 Rainbow Blvd

      HOTEL • 86,490 SF
      1 Rainbow Blvd, Niagara Falls, NY 14303
      View Details
    • Value Estimation by Request
      66,052 SF

      900 Buffalo Ave

      HOTEL • 66,052 SF
      900 Buffalo Ave, Niagara Falls, NY 14303-1327
      View Details
    • Value Estimation by Request
      111,431 SF

      310 Rainbow Blvd

      HOTEL • 111,431 SF
      310 Rainbow Blvd, Niagara Falls, NY 14303-1218
      View Details
    • Value Estimation by Request
      113,512 SF

      114 Buffalo Ave

      HOTEL • 113,512 SF
      114 Buffalo Ave, Niagara Falls, NY 14303-1211
      View Details

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      Niagara Falls Land Opportunity

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      Well-Maintained Brick Double in Niagara

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    Similar Nearby for Lease

    • $399,000
      4,163 SF

      Equipped Daycare Facility For Sale

      Fully equipped daycare facility with modern finishes and outdoor play areas.
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    • Contact for pricing
      150,000 SF

      Niagara Falls Industrial Property

      150,000 SF Manufacturing/Warehouse
      1911 Buffalo Ave, Niagara Falls, NY 14303
      View Details
    • $900 /Mo
      565 SF

      Niagara Falls Retail Space Available

      Renovated 565 SF commercial space ideal for retail or cafe.
      600 Niagara St, Niagara Falls, NY 14303
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      1.1k
    • Avg Time on site
      432 min
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    240 1st St
    Niagara Falls, NY 14303
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    Realmo Value Estimation

    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.

    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.

    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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