Property profile

501 Rainbow Blvd Niagara Falls, NY 14303

OFF-MARKET
Hotels
Property ID
US63-2100818
50,015 SF 1.1 ac lot Built 1999
Entity Owned 15-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1999
Total area 50,015 SF
Lot 1.1 ac (47,916 SF)
Zoning code D1-C
APN 291100 159.54-1-6
UPID US63-2100818

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

501 Rainbow Blvd Niagara Falls, NY 14303-1311
Niagara Falls metro Census 21100 BUFFALO-NIAGARA FALLS, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.19M

Owner & transaction history

since 2011
4 recorded transactions
2018
Price N/A
2011
$150,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

D1-C · Niagara Falls, NY
Zoning description

The purpose of these sub-districts is to provide for a diverse combination of commercial, residential, and mixed-use building types within the citys core tourist areas; to be protective of the world-class views of and fr…

General category MIXED_USE
Top alternative use upside
Office building $1.8M +31.7%
Warehouse, storage $1.5M +6.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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