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

    2600 Main St Niagara Falls, NY 14305-2405

    • Medical offices
    • 54,032 SF
    • 2.50 lot acres
    OFF-MARKET
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6194493
    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

    • Old Spirella Factory / Warehouse

    Property Details for 2600 Main St

    Year built
    1950
    Lot size
    2.50 lot acres
    Property size
    54,032 SF
    Zone code
    C2-A
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    291100 144.05-1-24
    APU
    29110014405124

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $720,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $753,000
      Market price range: $753k - $1.59M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,045,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.0559
    Latitude
    43.1122
    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
    $30,000
    $20,000
    $50,000
    -
    $55,560
    $37,040
    $92,600

    Comparable in this City

    • Value Estimation
      $285,000
      6,747 SF

      3101 9th St

      MEDICAL CLINIC • 6,747 SF
      3101 9th St, Niagara Falls, NY 14305-1929
      View Details
    • Value Estimation
      $580,000
      24,126 SF

      2715 Highland Ave

      MEDICAL CLINIC • 24,126 SF
      2715 Highland Ave, Niagara Falls, NY 14305-2466
      View Details
    • Value Estimation
      $255,000
      7,788 SF

      1521 Main St

      OFFICE BUILDING • 7,788 SF
      1521 Main St, Niagara Falls, NY 14305-2521
      View Details
    • Value Estimation
      $285,000
      3,000 SF

      4287 Witmer Rd

      OFFICE BUILDING • 3,000 SF
      4287 Witmer Rd, Niagara Falls, NY 14305-1743
      View Details
    • Value Estimation
      $265,000
      6,272 SF

      2604 Seneca Ave

      RADIO OR TV STATION • 6,272 SF
      2604 Seneca Ave, Niagara Falls, NY 14305-3251
      View Details
    • Value Estimation
      $260,000
      2,180 SF

      1708 Lafayette Ave

      OFFICE BUILDING • 2,180 SF
      1708 Lafayette Ave, Niagara Falls, NY 14305-1202
      View Details

    Similar Nearby for Sale

    • $995,000
      11,722 SF

      Medical Office Building For Sale

      Medical office building with long-term tenants and ample parking.
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      View Details
    • $3,200,000
      198,424 SF

      Niagara Falls Investment Opportunity

      37 parcels with 21 buildings totaling 198,000 sq. ft.
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    • Contact for pricing

      Former Convenience Store for Sale

      Former convenience store suitable for retail, restaurant, or office conversion.
      1500 Main St, Niagara Falls, NY 14305
      View Details
    • $795,000
      11,250 SF

      Niagara Falls Industrial Property

      Heavy Industrial, 11,250+ SF, 3.28 Acres
      4129 Hyde Park Blvd, Niagara Falls, NY 14305
      View Details
    • $64,900

      Multifamily Property with Potential

      Multifamily property needing TLC, priced to sell, with nice backyard.
      1511 17Th St, Niagara Falls, NY 14305
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    • Contact for pricing

      Commercial Lot in Niagara Falls

      6,671 sq.ft. commercial lot for sale in Niagara Falls.
      2631 North Ave, Niagara Falls, NY 14305
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,644 SF

      Warehouse with Office and Bays

      Warehouse space with office, restroom, and bay doors for rent.
      3319 Hyde Park Blvd, Niagara Falls, NY 14305
      View Details
    • $2,500 /Mo

      Military Rd Garage with Parking

      Garage with parking lot suitable for auto-related businesses.
      3628.5 Military Rd, Niagara Falls, NY 14305
      View Details
    • $3,500 /Mo
      5,500 SF

      Spacious Warehouse with Bay Doors

      Large warehouse with 16-foot clearance, convenient location, and ample space.
      4625 Witmer Rd, Niagara Falls, NY 14305
      View Details
    • Contact for pricing
      150,000 SF

      Industrial Land Build-to-Suit Opportunity

      16+ acre light industrial site for custom facility.
      3401 Military Rd, Niagara Falls, NY 14305
      View Details
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    2600 Main St
    Niagara Falls, NY 14305-2405
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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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