Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    307 Prospect St Niagara Falls, NY 14303-1105

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    307 Prospect St Niagara Falls, NY 14303-1105

    View on Map
    • Strip malls
    • 19,600 SF
    • 0.52 lot acres
    Off-Market
    Property ID
    US63-3068750
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Niagara Falls Walking Tours / Travel Agency / Tour Operator
    • Mario's Pizza / Restaurant

    Property Details for 307 Prospect St

    Year built
    1982
    Lot size
    0.52 lot acres
    Property size
    19,600 SF
    Zone code
    D1-C
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    291100 158.12-1-5
    APU
    2911001581215

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.0643
    Latitude
    43.0863
    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
    $112,500
    $522,500
    $635,000
    -
    $208,329
    $967,571
    $1,175,900

    Comparable in this City

    • Value Estimation by Request
      18,337 SF

      2578 Niag Fls Blvd

      SHOPPING CENTER, STRIP CENTER • 18,337 SF
      2578 Niag Fls Blvd, Niagara Falls, NY 14303
      View Details
    • Value Estimation
      $3,065,000
      628,572 SF

      360 Rainbow Mall

      REGIONAL SHOPPING CENTER, MALL • 628,572 SF
      360 Rainbow Mall, Niagara Falls, NY 14303
      View Details
    • Value Estimation by Request
      0.22 Acres

      913 Buffalo Ave

      PARKING LOT • 0.22 Acres
      913 Buffalo Ave, Niagara Falls, NY 14303-1326
      View Details
    • Value Estimation by Request
      0.09 Acres

      2220 Fls St

      PARKING LOT • 0.09 Acres
      2220 Fls St, Niagara Falls, NY 14303-1809
      View Details
    • Value Estimation by Request
      0.09 Acres

      1766 Fls St

      PARKING LOT • 0.09 Acres
      1766 Fls St, Niagara Falls, NY 14303-1602
      View Details
    • Value Estimation by Request
      0.13 Acres

      34 Niagara St

      PARKING LOT • 0.13 Acres
      34 Niagara St, Niagara Falls, NY 14303-1135
      View Details

    Similar Nearby for Sale

    • $1,700,000
      9,945 SF

      Niagara Falls Blvd Retail Plaza

      Move-in ready retail plaza near Niagara Falls International Airport.
      10158 Niagara Falls Blvd, Niagara Falls, NY 14303
      View Details
    • $130,000

      Niagara Street Mixed-Use Investment

      Mixed-use property near Niagara Falls with retail and residential units.
      1314 Niagara St, Niagara Falls, NY 14303
      View Details
    • Contact for pricing
      21,145 SF

      Downtown Retail Building For Sale

      21,145 SF retail building on 1.0 acre lot.
      1008 Buffalo Ave, Niagara Falls, NY 14303
      View Details
    • $109,000
      2,340 SF

      Niagara Falls Mixed-Use Investment

      Mixed-use property with storefront and residential units in Niagara Falls.
      490 19Th St, Niagara Falls, NY 14303
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      565 SF

      Niagara Falls Retail Space Available

      Renovated 565 SF commercial space ideal for retail or cafe.
      600 Niagara St, Niagara Falls, NY 14303
      View Details
    • $10 SF/Yr

      Niagara Street Commercial Building

      Commercial building with retail, warehouse space, and parking.
      2318 Niagara St, Niagara Falls, NY 14303
      View Details
    • $850 /Mo

      Spacious Remodeled Studio Apartment

      Recently remodeled studio apartment near Robert Moses Parkway and Falls.
      714 Buffalo Ave, Niagara Falls, NY 14303
      View Details
    • $399,000
      Pending

      Equipped Daycare Facility For Sale

      Fully equipped daycare facility with modern finishes and outdoor play areas.
      300 Hyde Park Blvd, Niagara Falls, NY 14303
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    307 Prospect St
    Niagara Falls, NY 14303-1105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    307 Prospect St, Niagara Falls, NY, 14303
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!