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    Property profile & analytics

    2911 Lockport Olcott Rd Newfane, NY 14108-9800

    • Showrooms
    • 1,500 SF
    • 0.48 lot acres
    OFF-MARKET
    Value Estimation
    $220,000
    Location Intelligence
    Property ID
    US63-1235179
    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

    • Vape City Smoke Shop / Tobacco Shop / Vaporizer Store
    • Initial Cuts Hair Salon / Hairdresser / Beauty Salon
    • Loaded stringer bait and tackle / Bait Shop
    • Second Nature Microblading / Beauty Salon / Permanent Make-Up Clinic
    • Marcus the Barber and associates LLC / Barber Shop

    Property Details for 2911 Lockport Olcott Rd

    Year built
    1985
    Lot size
    0.48 lot acres
    Property size
    1,500 SF
    Property type
    Showrooms
    APN
    292800 39.17-1-9.2
    APU
    2928003917192

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $230,000

    • CAP approach

      CAP return
      Estimation
      6%
      $180,000
      6.5%
      $185,000
      7%
      $175,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $180,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $175,000
      Retail
      $205,000
      Mixed-Use
      $175,000
      Hospitality
      $210,000
      Educational
      $175,000
      Residential Income
      $165,000
      Energy
      $155,000
      Income-Based Land
      $155,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Newfane
    County
    Niagara
    State
    New York
    Longitude
    -78.7
    Latitude
    43.2747
    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
    $18,800
    $107,100
    $125,900
    -
    $36,152
    $205,948
    $242,100

    Comparable in this City

    • Value Estimation
      $335,000
      11,300 SF

      6140 1st St

      SHOW ROOM, WAREHOUSE • 11,300 SF
      6140 1st St, Newfane, NY 14108-1201
      View Details
    • Value Estimation
      $305,000
      5,142 SF

      2695-2697 Maple Ave

      SHOW ROOM, WAREHOUSE • 5,142 SF
      2695-2697 Maple Ave, Newfane, NY 14108
      View Details
    • Value Estimation
      $775,000
      18,371 SF

      2555 Main St

      GROCERY, SUPERMARKET • 18,371 SF
      2555 Main St, Newfane, NY 14108-1043
      View Details
    • Value Estimation by Request
      1,680 SF

      2748 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,680 SF
      2748 Main St, Newfane, NY 14108-1206
      View Details
    • Value Estimation by Request
      7,000 SF

      6171 Mckee St

      RETAIL STORES (PERSONAL SERVICES) • 7,000 SF
      6171 Mckee St, Newfane, NY 14108
      View Details
    • Value Estimation
      $205,000
      3,690 SF

      2890 Transit Rd

      FINANCIAL BUILDING • 3,690 SF
      2890 Transit Rd, Newfane, NY 14108-9740
      View Details

    Similar Nearby for Sale

    • $599,000
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      Established Restaurant and Retail Opportunity

      Profitable restaurant, retail units, and land for sale.
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      Established restaurant with outdoor amenities in the heart of Newfane.
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      Newfane Multifamily Property for Sale

      Multifamily property available in Newfane, NY.
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    Similar Nearby for Lease

    • $12 SF/Yr
      11,402 SF

      Versatile Commercial Space Available

      Restaurant, retail, or event space opportunity.
      3333 Lockport-Olcott Rd, Newfane, NY 14108
      View Details
    • $5 SF/Yr

      Newfane Warehouse and Office Space

      Warehouse and office space available for lease in Newfane, NY.
      2712 West Ave, Newfane, NY 14108
      View Details
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    2911 Lockport Olcott Rd
    Newfane, NY 14108-9800
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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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