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    Property profile & analytics

    3041 Military Rd Niagara Falls, NY 14304

    • Turn key restaurants
    • 4,400 SF
    • 0.62 lot acres
    For Sale
    View listing
    $799,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2575994
    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

    • Casa Nova Restaurant / Italian Restaurant

    Property Details for 3041 Military Rd

    Year built
    1978
    Lot size
    0.62 lot acres
    Property size
    4,400 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Turn key restaurants
    APN
    293000 145.07-4-1
    APU
    2930001450741

    Description

    This exceptional opportunity presents a thriving restaurant and building for sale at 3041 Military Road in Niagara Falls, NY. The property, situated on a 1.1-acre lot, offers 4,735 square feet of space, ideal for continued operation or potential redevelopment. Built in 1955, the single-story Class B building features a bar, banquet room, and spacious dining area, all equipped and ready for immediate use. The sale includes all contents, ensuring a seamless transition for the new owner. The property boasts ample parking with approximately 68 spaces, a significant advantage in this high-traffic location. Its prime location near I-90, the Fashion Outlets of Niagara, Canada, Lewiston, and Niagara Falls State Park guarantees high visibility and accessibility. The property is zoned commercial and features ADA-compliant restrooms. The asking price is $799,900, translating to $168.93 per square foot. This turnkey operation offers a strong customer base and a welcoming atmosphere, making it an attractive investment for owner-users seeking a well-established business in a prime location. The property's Assessed Parcel Numbers are 293000-145-007-0004-001-000 and 293000-145-007-0004-002-000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $209,000
      Market price range: $146k - $622k
      AI Estimate
      $213,000
      Market price range: $189k - $489k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $370,000
      Current use
      COMMERCIAL (GENERAL)
      $335,000
      Change: -10% Conversion: Easy
      OFFICE BUILDING
      $305,000
      Change: -17% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -78.9906
    Latitude
    43.1141
    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
    $25,400
    $149,600
    $175,000
    -
    $68,653
    $404,347
    $473,000

    Comparable in this City

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      1,680 SF

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      RESTAURANT • 1,680 SF
      2298 Riv Rd, Niagara Falls, NY 14304-3712
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    • Value Estimation
      $275,000
      6,320 SF

      6503 Niagara Fls Blvd

      RESTAURANT • 6,320 SF
      6503 Niagara Fls Blvd, Niagara Falls, NY 14304
      View Details
    • Value Estimation
      $250,000
      6,099 SF

      7617 Niagara Fls Blvd

      RESTAURANT • 6,099 SF
      7617 Niagara Fls Blvd, Niagara Falls, NY 14304-1721
      View Details
    • Value Estimation
      $260,000
      7,740 SF

      7325 Niagara Fls Blvd

      RESTAURANT • 7,740 SF
      7325 Niagara Fls Blvd, Niagara Falls, NY 14304-1717
      View Details
    • Value Estimation
      $95,000
      3,188 SF

      8881 Buffalo Ave

      RESTAURANT • 3,188 SF
      8881 Buffalo Ave, Niagara Falls, NY 14304-4458
      View Details
    • Value Estimation
      $230,000
      3,063 SF

      9364 Niagara Fls Blvd

      RESTAURANT • 3,063 SF
      9364 Niagara Fls Blvd, Niagara Falls, NY 14304
      View Details

    Similar Nearby for Sale

    • $650,000
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      Turnkey Bar and Restaurant

      3,420 SF bar/restaurant with 800 SF patio for sale.
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    • $799,900
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      Military Rd Restaurant - Niagara Falls

      Established Restaurant, High Traffic Area, Ample Parking
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      Established Restaurant and Lounge Opportunity

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      Redevelopment Site on Niagara Falls

      Redevelopment opportunity near Niagara Consumer Square Plaza.
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      Niagara Falls Restaurant - $895K

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    Similar Nearby for Lease

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      Niagara Falls Restaurant Space For Lease

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      Niagara Falls Travel Center Retail

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      Pine Plaza: Niagara Falls Retail

      Prime Niagara Falls retail space available.
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    • $12 SF/Yr
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      Retail Space Near Niagara Airport

      Retail space available on Niagara Falls Blvd, newly updated.
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    • Contact for pricing
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      Freestanding Retail Building For Lease

      Freestanding retail building with open floor plan and parking.
      1401 Military Rd, Niagara Falls, NY 14304
      View Details
    • Contact for pricing
      5,372 SF

      Niagara Falls Retail Space Available

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      8529 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details
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    Niagara Falls, NY 14304
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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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