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Property profile & analytics
OFF-MARKET
Estimated value
$12,520,000
Hotels
300 3rd St, Niagara Falls, NY 14303-1102
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-6277545
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1975
Total area
270,580 SF
Lot
2.1 ac (91,476 SF)
Zoning code
D1-A
APN
291100 159.09-1-3
UPID
US63-6277545
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Arcade At The Falls Arcade & Gaming Center (Bike/Boat/Book/etc) Store
-
American Niagara Hospitality Corporate Office
-
Starbucks Cafe & Coffee Shop
-
Swift Current Eatery LLC Take-out & Catering
-
The Genie Network - Crowne Plaza Niagara Falls Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.79M
Blend (final)
Blend
$12.52M
Owner & transaction history
Nfny Hotel Managament LLC · 15 yrs held
Nfny Hotel Managament LLC
since 2011
7 recorded transactions
Zoning & alternative use
D1-A · Niagara Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.7M
+179.4%
Industrial (general)
$20.0M
+169.6%
Retail stores
$12.5M
+68.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Niagara Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Niagara Falls submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$20,730,000
Change: +179% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$20,000,000
Change: +170% · Conversion: Difficult
RETAIL STORES
$12,480,000
Change: +68% · Conversion: Difficult
OFFICE BUILDING
$9,770,000
Change: +32% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,865,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$12.52M
Range $11.27M – $13.77M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$46 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$13,515,000
Assessed 2023
Previous assessed
$13,515,000
+0.0% YoY
Assessed land
$457,800
Assessed improvement
$13,057,200
Land market value
$847,779
Improvement market value
$24,180,021
Total market value
$25,027,800
Applied tax rate
291,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1975
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
6
Total area
270,580 SF
Lot
2.1 ac (91,476 SF)
Zoning code
D1-A
APN
291100 159.09-1-3
UPID
US63-6277545
Jurisdiction
NIAGARA
Zoning & alternative use
D1-A · Niagara Falls, NY
Zoning D1-A · permitted uses
D1-A · Niagara Falls, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Niagara Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$20.7M
INDUSTRIAL (GENERAL)
Est. value
$20.0M
RETAIL STORES
Est. value
$12.5M
OFFICE BUILDING
Est. value
$9.8M
WAREHOUSE, STORAGE
Est. value
$7.9M
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Heating
NONE
Cooling
Yes
Stories
6
Buildings
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
Nfny Hotel Managament LLC
Entity
Free & Clear · 15 yrs held
Mailing address
443 MAIN ST, NIAGARA FALLS, NY 14301-1525
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2011
$17,023,000
Nfny Hotel Managament LLC
Gkk Hotel Niagara Owner LLC
Grant Deed
—
Mar 31, 2010
$21,000,000
Gkk Hotel
Ns Ptrs LLC
Grant Deed
—
Jul 20, 2005
$14,000,000
Ns Partners LLC
Servico New York INC
Grant Deed
—
Jul 20, 2005
—
Ns Partners LLC
Servico New York INC
Quit Claim Deed
related
—
Aug 12, 2004
—
Servico New York INC
—
Deed Of Trust
related
$110,000,000 · Merrill Lynch Mortgage Lending
—
—
Nfny Hotel Management LLC
—
Deed Of Trust
related
$15,000,000 · Niagara Resorts INC
—
—
Nfny Hotel Management LLC
—
Loan Modification, Consolidation And Extension
related
$23,616,632 · Private Individual
—
—
Nfny Hotel Management LLC
—
Deed Of Trust
related
$3,000,000 · Niagara Resorts INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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