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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6115 Niagara Fls Blvd Niagara Falls, NY 14304-1533

    • Hotels
    • 51,151 SF
    • 2.49 lot acres
    OFF-MARKET
    Value Estimations
    $2,635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5587258
    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

    • Comfort Inn & Suites Niagara Falls Blvd Usa / Hotel

    Property Details for 6115 Niagara Fls Blvd

    Year built
    2017
    Lot size
    2.49 lot acres
    Property size
    51,151 SF
    Zone code
    C3
    Property type
    Hotels
    APN
    291100 160.11-1-1
    APU
    2911001601111

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,251,000
      Market price range: $1.14M - $2.82M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,785,000
      Current use
      RESTAURANT
      $4,390,000
      Change: +146% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $3,960,000
      Change: +122% Conversion: Difficult
      OFFICE BUILDING
      $2,990,000
      Change: +68% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,820,000
      Change: +58% Conversion: Difficult
      RETAIL STORES
      $2,360,000
      Change: +32% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,155,000
      Change: +21% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -78.994
    Latitude
    43.0895
    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
    $174,200
    $2,025,800
    $2,200,000
    -
    $322,595
    $3,751,505
    $4,074,100

    Comparable in this City

    • Value Estimation
      $1,665,000
      29,142 SF

      9100 Niagara Fls Blvd

      HOTEL • 29,142 SF
      9100 Niagara Fls Blvd, Niagara Falls, NY 14304-6900
      View Details
    • Value Estimation
      $1,680,000
      31,113 SF

      7726 Niagara Fls Blvd

      HOTEL • 31,113 SF
      7726 Niagara Fls Blvd, Niagara Falls, NY 14304-1704
      View Details
    • Value Estimation
      $2,050,000
      134,148 SF

      7001 Buffalo Ave

      HOTEL • 134,148 SF
      7001 Buffalo Ave, Niagara Falls, NY 14304-4001
      View Details
    • Value Estimation
      $2,725,000
      52,376 SF

      6501 Niagara Fls Blvd

      HOTEL • 52,376 SF
      6501 Niagara Fls Blvd, Niagara Falls, NY 14304-1511
      View Details
    • Value Estimation
      $8,145,000
      55,268 SF

      10111 Niagara Fls Blvd

      HOTEL • 55,268 SF
      10111 Niagara Fls Blvd, Niagara Falls, NY 14304-2780
      View Details
    • Value Estimation
      $995,000
      32,853 SF

      7680 Niagara Fls Blvd

      MOTEL • 32,853 SF
      7680 Niagara Fls Blvd, Niagara Falls, NY 14304-1722
      View Details

    Similar Nearby for Sale

    • $4,999,900

      Niagara Falls Hotel For Sale

      Well-established 73-room hotel near Niagara Falls and amenities.
      7680 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details
    • $4,999,900

      Niagara Falls Hotel for Sale

      73-room hotel near Niagara Falls State Park and amenities.
      7680 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details
    • $279,900

      Vacant Motel on Niagara Falls

      Vacant motel on high-traffic Niagara Falls Blvd, redevelopment opportunity.
      8601 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details
    • $799,900
      4,735 SF

      Military Rd Restaurant - Niagara Falls

      Established Restaurant, High Traffic Area, Ample Parking
      3041 Military Rd, Niagara Falls, NY 14304
      View Details
    • $1,050,000

      Niagara Falls Motel For Sale

      Turn-key motel business opportunity near Niagara Falls and NYS Thruway.
      6625 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details
    • $895,000
      34,051 SF

      Niagara Falls Restaurant - $895K

      Historic Restaurant, 34,051 SF, Niagara Falls
      2220 Pne St, Niagara Falls, NY 14304
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      103,221 SF

      Niagara Falls Office Building For Sale/Lease

      Prime location, 103,221 sq ft, redevelopment potential.
      2443 Military Rd, Niagara Falls, NY 14304
      View Details
    • Contact for pricing
      94,888 SF

      Summit Medical Campus: Niagara Falls

      Medical Office Space Available, Niagara Falls
      6930 Williams Rd, Niagara Falls, NY 14304
      View Details
    • Contact for pricing
      2,600 SF

      Restaurant Space on Corner Lot

      2,600 SF restaurant space for sale or lease.
      7101 Packard Rd, Niagara Falls, NY 14304
      View Details
    • Contact for pricing
      15,000 SF

      Retail Space in Niagara Falls

      Up to 15,000 SF retail space for lease.
      1340 Military Rd, Niagara Falls, NY 14304
      View Details
    • $35 SF/Yr
      1,100 SF

      Niagara Falls Travel Center Retail

      Retail space available in high-traffic travel center with Tim Hortons.
      6025 Porter Rd, Niagara Falls, NY 14304
      View Details
    • $15 SF/Yr
      10,000 SF

      Niagara Falls Blvd Retail Space

      Retail or office space near Niagara Falls Airport available for rent.
      10158 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details

    Property Visit Statistics

    • Visits by month
      4.9k
    • Visitors by month
      1.9k
    • Avg Time on site
      408 min
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    Niagara Falls, NY 14304-1533
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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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