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    Property profile & analytics

    551 Transit St Lockport, NY 14094-5932

    • Hotels
    • 25,066 SF
    • 2.40 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US63-6220439
    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

    • Quality Inn / Hotel

    Property Details for 551 Transit St

    Year built
    1989
    Lot size
    2.40 lot acres
    Property size
    25,066 SF
    Zone code
    B2
    Property type
    Hotels
    APN
    290900 123.09-1-50
    APU
    29090012309150

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lockport
    County
    Niagara
    State
    New York
    Longitude
    -78.6982
    Latitude
    43.1522
    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
    $490,000
    $1,060,000
    $1,550,000
    -
    $490,000
    $1,060,000
    $1,550,000

    Comparable in this City

    • Value Estimation by Request
      66,581 SF

      515 Transit St

      HOTEL • 66,581 SF
      515 Transit St, Lockport, NY 14094-5911
      View Details
    • Value Estimation by Request
      4.23 Acres

      6900 Transit Rd

      HOTEL • 4.23 Acres
      6900 Transit Rd, Lockport, NY 14094-6337
      View Details
    • Value Estimation by Request
      1,120 SF

      6082 Transit Rd

      HOTEL • 1,120 SF
      6082 Transit Rd, Lockport, NY 14094-6310
      View Details
    • Value Estimation by Request
      8,716 SF

      315 Transit St

      MOTEL • 8,716 SF
      315 Transit St, Lockport, NY 14094-4849
      View Details
    • Value Estimation by Request

      7369 Wheeler Rd

      Multifamily properties
      7369 Wheeler Rd, Lockport, NY 14094
      View Details
    • Value Estimation
      $265,000
      53.90 Acres

      6668 Slayton Settlement Rd

      CAMPGROUND, RV PARK • 53.90 Acres
      6668 Slayton Settlement Rd, Lockport, NY 14094
      View Details

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      Lockport Commercial Land Parcels

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    Similar Nearby for Lease

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    • $8 SF/Yr
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      32,740 SF

      Lockport Retail/Warehouse Space Available

      Retail and warehouse spaces for lease in busy Lockport plaza.
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      View Details
    • $14 SF/Yr
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      Lockport Office Space Available

      Office space available for lease in Lockport, New York.
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      View Details

    Property Visit Statistics

    • Visits by month
      1.2k
    • Visitors by month
      530
    • Avg Time on site
      339 min
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    551 Transit St
    Lockport, NY 14094-5932
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    Realmo Value Estimation

    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.

    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.

    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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