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    Property profile & analytics

    2626 Pne Ave Niagara Falls, NY 14301-2406

    • Turn key restaurants
    • 6,062 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Mar 23, 2022
    $425,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-6211776
    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

    • Turn key restaurants

    Property Details for 2626 Pne Ave

    Year built
    1963
    Lot size
    0.43 lot acres
    Property size
    6,062 SF
    Zone code
    C2-B
    Property type
    Turn key restaurants
    APN
    291100 144.82-2-31
    APU
    29110014482231

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.0298
    Latitude
    43.0954
    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
    $65,800
    $127,700
    $193,500
    -
    $121,841
    $236,459
    $358,300

    Comparable in this City

    • Value Estimation by Request
      2,457 SF

      1801 Pne Ave

      RESTAURANT • 2,457 SF
      1801 Pne Ave, Niagara Falls, NY 14301-2233
      View Details
    • Value Estimation by Request
      2,280 SF

      1915 Pne Ave

      RESTAURANT • 2,280 SF
      1915 Pne Ave, Niagara Falls, NY 14301-2309
      View Details
    • Value Estimation by Request
      3,556 SF

      1701 Pne Ave

      RESTAURANT • 3,556 SF
      1701 Pne Ave, Niagara Falls, NY 14301-2231
      View Details
    • Value Estimation
      $525,000
      20,192 SF

      2220 Pne Ave

      RESTAURANT • 20,192 SF
      2220 Pne Ave, Niagara Falls, NY 14301-2330
      View Details
    • Value Estimation by Request
      4,479 SF

      710 19th St

      RESTAURANT • 4,479 SF
      710 19th St, Niagara Falls, NY 14301
      View Details
    • Value Estimation by Request
      5,780 SF

      1210 Portage Rd

      RESTAURANT • 5,780 SF
      1210 Portage Rd, Niagara Falls, NY 14301-1124
      View Details

    Similar Nearby for Sale

    • $399,900
      3,186 SF

      Established Pizzeria with Apartment

      Turnkey pizzeria with equipment, building, inventory, and apartment.
      745 17Th St, Niagara Falls, NY 14301
      View Details
    • New
      $540,000
      1,196 SF

      Turnkey Restaurant in Niagara Falls

      Established restaurant near Niagara Falls State Park with high visibility.
      610 Main St, Niagara Falls, NY 14301
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    • $599,900

      Niagara Falls Landmark Restaurant

      Established restaurant and pizzeria with real estate included in sale.
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      25,391 SF

      Niagara Falls Redevelopment Opportunity

      Prime Hotel Site, High Traffic Area
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    • $149,000

      Former KFC with Drive-Thru

      Former fast-food restaurant with drive-thru in high-traffic location.
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    • $595,000
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      Prime Niagara Falls Auto Shop

      Established Repair Center, High Ceilings, Great Location
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    Similar Nearby for Lease

    • $9 SF/Yr
      116,903 SF

      Grocery Anchored Retail Space

      Retail space in well-maintained shopping center with ample parking.
      1000 Portage Rd, Niagara Falls, NY 14301
      View Details
    • $9 SF/Yr
      116,903 SF

      Grocery Anchored Shopping Center Space

      Retail space available in grocery-anchored shopping center with ample parking.
      1000 Portage Rd, Niagara Falls, NY 14301
      View Details
    • $9 SF/Yr
      5,620 SF

      Retail Space in Niagara Falls

      Retail space available in well-maintained, grocery-anchored shopping center.
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      View Details
    • Contact for pricing
      9,165 SF

      Niagara Falls 9,165 SF Structure

      9,165 SF structure ideal for brewery or tap room.
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      2,245 SF

      Downtown Niagara Falls Storefront Opportunity

      Prime retail or office space in downtown Niagara Falls.
      453-460 3Rd St, Niagara Falls, NY 14301
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    • $12 SF/Yr
      7,036 SF

      Retail Space on Pine Avenue

      Large retail space with signage and parking available for rent.
      1309 Pine Ave, Niagara Falls, NY 14301
      View Details

    Property Visit Statistics

    • Visits by month
      2.8k
    • Visitors by month
      2.1k
    • Avg Time on site
      13 min
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    Niagara Falls, NY 14301-2406
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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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