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Property profile & analytics
OFF-MARKET
Estimated value
$3,115,000
Office buildings
360 Rainbow Blvd, Niagara Falls, NY 14303-1122
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US63-0114872
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
186,624 SF
Lot
2.27 ac (98,881 SF)
Zoning code
D1-C
APN
291100 158.12-1-1
UPID
US63-0114872
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
-
LuvMore Gifts (Bike/Boat/Book/etc) Store
-
Bloomin Onion Inc (Bike/Boat/Book/etc) Store
-
Luvmore Wines Specialty Food Shop Wine and Liquor Store
-
One Niagara Welcome Center Travel Agency Tour Operator
-
Unlimited 716 LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.89M
Blend (final)
Blend
$3.12M
Owner & transaction history
Niagara Falls Center Of Tourism L · 11 yrs held
Niagara Falls Center Of Tourism L
since 2014
7 recorded transactions
Zoning & alternative use
D1-C · Niagara Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$3.12M
Range $2.80M – $3.43M · ±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
$17 / 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
$1,428,000
Assessed 2023
Previous assessed
$1,055,000
+35.4% YoY
Assessed land
$494,400
Assessed improvement
$933,600
Land market value
$915,540
Improvement market value
$1,728,860
Total market value
$2,644,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1981
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
9
Total area
186,624 SF
Lot
2.27 ac (98,881 SF)
Zoning code
D1-C
APN
291100 158.12-1-1
UPID
US63-0114872
Jurisdiction
NIAGARA
Zoning & alternative use
D1-C · Niagara Falls, NY
Zoning D1-C · permitted uses
D1-C · 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.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Cooling
Yes
Stories
9
Buildings
1
Lot
2.27 ac
Current owner
From public records · entity-resolved
Niagara Falls Center Of Tourism L
Individual
Mailing address
360 RAINBOW BLVD, NIAGARA FALLS, NY 14303-1122
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2023
—
Niagara Falls Center For Tourism Ll
—
Deed
related
$12,500,000 · Nextier Bank NA
Nov 13, 2019
—
Niagara Falls Ctr For Tourism
—
Deed
related
$2,000,000 · Bank Of New England
Nov 9, 2016
—
Niagara Falls Center Of Tourism L
—
Deed
related
$1,500,000 · Bank Of New England
Aug 15, 2014
$5,300,000
Niagara Falls Center Of Tourism L
One Niagara LLC
Warranty Deed
related
$2,800,000 · Rp Investments LLC
Dec 9, 2004
$3,500,000
One Niagara LLC
Referee Of Niagara County
Trustees Deed
—
Aug 24, 2004
—
Aquafalls Plaza LLC
Niagara County Indl Dev Agcy
Quit Claim Deed
related
—
—
—
Niagara Falls Center Of Tourism L
—
Loan Modification, Consolidation And Extension
related
$3,000,000 · Lease & Rental Management Corp
—
—
Niagara Falls Ctr For Tourism
—
Deed Of Trust
related
$2,000,000 · Bank Of New England
—
—
Niagara Falls Center Of Tourism L
—
Deed Of Trust
related
$200,000 · Lease & Rental Management Corp
—
—
Niagara Falls Center Of Tourism L
—
Loan Modification, Consolidation And Extension
related
$4,500,000 · Bank Of New England
—
—
Niagara Falls Center Of Tourism L
—
Deed Of Trust
related
$1,500,000 · Bank Of New England
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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