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    Property profile & analytics

    3305 Niagara Fls Blvd North Tonawanda, NY 14120-1211

    • Sports & entertainment properties
    • 18,520 SF
    • 1.37 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-2657005
    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

    • Gleason School of Gymnastics / Gym & Fitness Center

    Property Details for 3305 Niagara Fls Blvd

    Year built
    1968
    Lot size
    1.37 lot acres
    Property size
    18,520 SF
    Property type
    Sports & entertainment properties
    APN
    294000 163.18-1-28
    APU
    29400016318128

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Tonawanda
    County
    Niagara
    State
    New York
    Longitude
    -78.8627
    Latitude
    43.0761
    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
    $21,000
    $314,000
    $335,000
    -
    $52,500
    $785,000
    $837,500

    Comparable in this City

    • Value Estimation
      $1,065,000
      25,972 SF

      3355 Niagara Fls Blvd

      RECREATIONAL, ENTERTAINMENT • 25,972 SF
      3355 Niagara Fls Blvd, North Tonawanda, NY 14120-1213
      View Details
    • Value Estimation by Request
      11.20 Acres

      1344 Walck Rd

      RECREATIONAL, ENTERTAINMENT • 11.20 Acres
      1344 Walck Rd, North Tonawanda, NY 14120
      View Details
    • Value Estimation by Request
      7.90 Acres

      110 Rdg Rd

      RECREATIONAL, ENTERTAINMENT • 7.90 Acres
      110 Rdg Rd, North Tonawanda, NY 14120-3340
      View Details
    • Value Estimation
      $1,055,000
      88,000 SF

      90 Rdg Rd

      RECREATIONAL, ENTERTAINMENT • 88,000 SF
      90 Rdg Rd, North Tonawanda, NY 14120-3340
      View Details
    • Value Estimation by Request
      5,000 SF

      1321 Erie Ave

      RECREATIONAL, ENTERTAINMENT • 5,000 SF
      1321 Erie Ave, North Tonawanda, NY 14120-3037
      View Details
    • Value Estimation by Request
      7,753 SF

      1070 Oliver St

      BOWLING ALLEY • 7,753 SF
      1070 Oliver St, North Tonawanda, NY 14120-2653
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Former Ice Arena on 35 Acres

      57,500 SF building on 35 acres for sale.
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    • $975,000
      27.70 Acres

      Niagara Falls Blvd Commercial Land

      Prime 27.7-Acre Commercial Lot in NY
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    • $159,900
      1,530 SF

      North Tonawanda Multifamily Opportunity

      Multifamily property near downtown North Tonawanda, priced to sell.
      262 Tremont St, North Tonawanda, NY 14120
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    • $349,000
      10.40 Acres

      Wheatfield Residential Land - $349K

      10.4 Acres, Multifamily Potential
      0 Crescent Dr, North Tonawanda, NY 14120
      View Details
    • $79,900
      1.14 Acres

      Vacant Land Ready For Construction

      Cleared 1.14-acre lot in Wheatfield, Starpoint School District.
      V/L Shawnee Rd E, North Tonawanda, NY 14120
      View Details
    • $349,000
      Pending

      Vacant Land in Wheatfield

      Over 10 acres of vacant land in Wheatfield, New York.
      Crescent Dr, Wheatfield, NY 14120
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Contractor Warehouse Space Available

      Warehouse space with office, garage doors, and high ceilings.
      7225 Campbell Blvd, Pendleton, NY 14120
      View Details
    • Contact for pricing

      North Tonawanda Retail Space Available

      Retail space in a high-traffic, grocery-anchored plaza.
      301 Meadow Dr, North Tonawanda, NY 14120
      View Details
    • Contact for pricing
      8,200 SF

      North Tonawanda Warehouse Space Available

      8,200 SF warehouse space for lease in North Tonawanda.
      661 Erie Ave, North Tonawanda, NY 14120
      View Details
    • $4 SF/Yr
      13,000 SF

      Wheatfield Industrial Space For Lease

      280,000 sq. ft. industrial space with crane systems.
      2221 Niagara Falls Blvd, Wheatfield, NY 14120
      View Details
    • Contact for pricing
      3,000 SF

      Downtown North Tonawanda Office/Retail Space

      Waterfront office and retail suites in historic downtown location.
      84 Sweeney St, North Tonawanda, NY 14120
      View Details
    • Contact for pricing

      North Tonawanda Retail Space Available

      Retail space for lease in a high-traffic North Tonawanda plaza.
      301 Meadow Dr, North Tonawanda, NY 14120
      View Details
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    North Tonawanda, NY 14120-1211
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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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