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

    2900 Service Rd Niagara Falls, NY 14304-4820

    • Warehouses
    • 38,400 SF
    • 6.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3083045
    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

    • KNP Headwear Inc / Industrial Manufacturer / Production Facility

    Property Details for 2900 Service Rd

    Year built
    2003
    Lot size
    6.00 lot acres
    Property size
    38,400 SF
    Zone code
    I1
    Property type
    Warehouses
    APN
    291100 145.06-1-6
    APU
    2911001450616

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,392,000
      Market price range: $915k - $2.39M
      AI Estimate
      $2,392,000
      Market price range: $961k - $2.39M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,620,000
      Current use
      COMMERCIAL (GENERAL)
      $2,920,000
      Change: +80% Conversion: Difficult
      OFFICE BUILDING
      $2,670,000
      Change: +65% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,555,000
      Change: +58% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $1,570,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.0002
    Latitude
    43.1124
    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
    $106,950
    $1,093,050
    $1,200,000
    -
    $198,054
    $2,024,146
    $2,222,200

    Comparable in this City

    • Value Estimation
      $2,140,000
      100,392 SF

      2590 Military Rd

      BULK STORAGE, TANKS • 100,392 SF
      2590 Military Rd, Niagara Falls, NY 14304-1506
      View Details
    • Value Estimation
      $1,250,000
      49,514 SF

      2485 Military Rd

      BULK STORAGE, TANKS • 49,514 SF
      2485 Military Rd, Niagara Falls, NY 14304-1557
      View Details
    • Value Estimation by Request
      5,860 SF

      4802 Henry Ave

      WAREHOUSE, STORAGE • 5,860 SF
      4802 Henry Ave, Niagara Falls, NY 14304
      View Details
    • Value Estimation by Request
      3,100 SF

      7833 Lee Dr

      WAREHOUSE, STORAGE • 3,100 SF
      7833 Lee Dr, Niagara Falls, NY 14304
      View Details
    • Value Estimation by Request
      8,052 SF

      6940 Mooradian Dr

      WAREHOUSE, STORAGE • 8,052 SF
      6940 Mooradian Dr, Niagara Falls, NY 14304
      View Details
    • Value Estimation by Request
      7,920 SF

      6670 Mooradian Dr

      WAREHOUSE, STORAGE • 7,920 SF
      6670 Mooradian Dr, Niagara Falls, NY 14304
      View Details

    Similar Nearby for Sale

    • $460,000
      9,120 SF

      Retail Showroom with Warehouse Space

      Retail showroom with attached warehouse and garage in visible location.
      7221 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details
    • $1,500,000
      7,080 SF

      Renovated Industrial Building Near Border

      7,080 SF renovated industrial building near U.S.-Canada border.
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    • Contact for pricing
      19,200 SF

      Mixed-Use Building With Crane

      Warehouse, office, and apartments for sale in Niagara Falls.
      560 56Th St, Niagara Falls, NY 14304
      View Details
    • Contact for pricing
      11,640 SF

      High-Visibility Commercial Property on Military Road

      Prime commercial property with showroom, offices, workshops, and warehouse spaces.
      2925 Military Rd, Niagara Falls, NY 14304
      View Details
    • $899,000

      Niagara Falls Warehouse and Office

      Warehouse and office space near Niagara Falls Airport.
      2070 Cayuga Rd Ext, Niagara Falls, NY 14304
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      800 SF

      Warehouse Space with Trailer Parking

      800 SF warehouse with trailer parking and truck repair.
      2127 Lockport Rd, Niagara Falls, NY 14304
      View Details
    • $4 SF/Yr

      Industrial Space Near Niagara Airport

      Leasable industrial space with highway and airport access.
      2221 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details
    • $12 SF/Yr

      New Flex Space Available

      New flex and warehouse spaces with garage doors and parking.
      7431 Porter Rd, Niagara Falls, NY 14304
      View Details
    • $6 SF/Yr
      8,052 SF

      Niagara Falls Office/Warehouse Space

      Office/warehouse space near I-190 and commercial corridors in Niagara Falls.
      6900 Mooradian Dr, Niagara Falls, NY 14304
      View Details
    • Contact for pricing
      18,750 SF

      Industrial Flex Space For Lease

      39,181 sq ft flex space with multiple configurations.
      2150 Liberty Dr, Niagara Falls, NY 14304
      View Details
    • $6 SF/Yr

      Versatile Warehouse Space Available

      Commercial warehouse space for lease in Niagara Falls, NY.
      8736 Buffalo Ave, Niagara Falls, NY 14304
      View Details
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    2900 Service Rd
    Niagara Falls, NY 14304-4820
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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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