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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Medical Office Space
621 10th St Niagara Falls, NY 14301-1813
Individually Owned
15-yr Hold
Free & Clear
Property ID
US63-1858530
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL CLINIC
Year built
1971
Total area
56,228 SF
Lot
4.4 ac (191,664 SF)
Zoning code
INS
APN
291100 159.06-1-2
UPID
US63-1858530
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
-
Niagara's Choice Federal Credit Union Credit Union
-
Niagara Falls Memorial Medical Center Foundation Hospital
-
Niagara Falls Memorial Medical Center-ER1 (one) Memorial Medical Center Hospital
-
Dr. Dedenia D. Yap, MD Physician
-
Thomas H. Latuga, PharmD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
Niagara Falls Mem Medical Cent · 15 yrs held
Niagara Falls Mem Medical Cent
since 2010
3 recorded transactions
Zoning & alternative use
INS · Niagara Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Institutions District is intended to support a broad range of related uses including public and private education, health care, cultural and research centers
Zone name
Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
98.02 ac
Source
Realmo
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
MEDICAL BUILDING
$1,085,000
Current use
Blend value · Realmo final
$860k
Range $774k – $946k · ±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
$15 / 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
$3,894,400
Assessed 2023
Previous assessed
$3,894,400
+0.0% YoY
Assessed land
$383,300
Assessed improvement
$3,511,100
Land market value
$709,820
Improvement market value
$6,502,080
Total market value
$7,211,900
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
Medical Office Space
Use group
MEDICAL CLINIC
Status
Off-Market
Year built
1971
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
56,228 SF
Lot
4.4 ac (191,664 SF)
Zoning code
INS
APN
291100 159.06-1-2
UPID
US63-1858530
Jurisdiction
NIAGARA
Zoning & alternative use
INS · Niagara Falls, NYZoning INS · permitted uses
INS · Niagara Falls, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Institutions District is intended to support a broad range of related uses including public and private education, health care, cultural and research centers
Zone name
Institutional
General category
CIVIC_INSTITUTIONAL
Zone area
98.02 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.1M
MEDICAL BUILDING Current
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
1971
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
4.4 ac
Current owner
From public records · entity-resolved
Niagara Falls Mem Medical Cent
Individual
Free & Clear · 15 yrs held
Mailing address
621 10TH ST, NIAGARA FALLS, NY 14301-1813
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2010
—
Niagara Falls Mem Medical Cent
Niagara Falls Mem Medical Cent
Quit Claim Deed
related
—
—
—
Niagara Falls Mem Medical Cent
—
Deed Of Trust
related
$14,443,299 · Hsbc Bank USA
—
—
Niagara Falls Mem Medical Cent
—
Deed Of Trust
related
$3,000,000 · Pension Benefit Gnty Corp
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.
Try Rey
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