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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Warehouses
4575 Witmer Industrial Est Niagara Falls, NY 14305-1386
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-0907359
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Total area
12,500 SF
Lot
2.1 ac (91,476 SF)
Zoning code
06 - INDUSTRIAL
APN
293000 131.09-2-44
UPID
US63-0907359
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
-
Mircom Engineered Systems General Contractor Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$779k
Blend (final)
Blend
$645k
Owner & transaction history
Amaricjay-re Holdings LLC · 9 yrs held
Amaricjay-re Holdings LLC
since 2016
5 recorded transactions
Zoning & alternative use
06 - INDUSTRIAL · Niagara Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+99.4%
Commercial (general)
$970,000
+83.6%
Office building
$870,000
+64.8%
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
WAREHOUSE, STORAGE
$530,000
Current use
RESTAURANT
$1,050,000
Change: +99% · Conversion: Difficult
COMMERCIAL (GENERAL)
$970,000
Change: +84% · Conversion: Difficult
OFFICE BUILDING
$870,000
Change: +65% · Conversion: Difficult
AUTO REPAIR, GARAGE
$835,000
Change: +58% · Conversion: Easy
INDUSTRIAL (GENERAL)
$510,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$645k
Range $581k – $710k · ±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
$52 / 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
$350,000
Assessed 2023
Previous assessed
$350,000
+0.0% YoY
Assessed land
$46,200
Assessed improvement
$303,800
Land market value
$124,859
Improvement market value
$821,041
Total market value
$945,900
Applied tax rate
293,001.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1994
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
1
Total area
12,500 SF
Lot
2.1 ac (91,476 SF)
Zoning code
06 - INDUSTRIAL
APN
293000 131.09-2-44
UPID
US63-0907359
Jurisdiction
NIAGARA
Zoning & alternative use
06 - INDUSTRIAL · Niagara Falls, NY
Zoning 06 - INDUSTRIAL · permitted uses
06 - INDUSTRIAL · 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
WAREHOUSE, STORAGE Current
Est. value
$530,000
RESTAURANT
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$970,000
OFFICE BUILDING
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$835,000
INDUSTRIAL (GENERAL)
Est. value
$510,000
WAREHOUSE, STORAGE Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1994
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
Amaricjay-re Holdings LLC
Entity
Mailing address
25 INTERCHANGE WAY VAUGHAN ONTARIO CANADA L XX
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2019
—
Amaricjay-re Holdings LLC
—
Deed
related
$442,500 · City Nat'l Bk
Jul 25, 2016
—
Amaricjay-re Holdings LLC
Mre Holdings INC
Warranty Deed
related
$2,840,000 · Td Bk NA
Mar 3, 2008
$500,000
Mre Holdings INC
Diviri Realty LLC
Warranty Deed
related
—
—
—
Amaricjay-re Holdings LLC
—
Deed Of Trust
related
$442,500 · City Nat'l Bk
—
—
Mre Holdings INC
—
Deed Of Trust
related
$354,000 · Hsbc Bank USA
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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