Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6511 Lockport Rd Niagara Falls, NY 14305-3528

    • Bars
    • 5,680 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-0969121
    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

    • Bars

    Property Details for 6511 Lockport Rd

    Year built
    1980
    Lot size
    1.00 lot acres
    Property size
    5,680 SF
    Zone code
    05 - COMMERCIAL
    Property type
    Bars
    Property subtype
    Pubs
    APN
    293000 131.19-1-23
    APU
    29300013119123

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -78.9893
    Latitude
    43.1208
    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
    $12,000
    $78,000
    $90,000
    -
    $32,427
    $210,773
    $243,200

    Comparable in this City

    • Value Estimation by Request
      6,248 SF

      1672 Ontario Ave

      BAR, TAVERN • 6,248 SF
      1672 Ontario Ave, Niagara Falls, NY 14305-2958
      View Details
    • Value Estimation by Request
      4,290 SF

      4900 Saunders Settlement Rd

      BAR, TAVERN • 4,290 SF
      4900 Saunders Settlement Rd, Niagara Falls, NY 14305-1424
      View Details
    • Value Estimation by Request
      3,020 SF

      2201 Hyde Park Blvd

      BAR, TAVERN • 3,020 SF
      2201 Hyde Park Blvd, Niagara Falls, NY 14305-3231
      View Details
    • Value Estimation by Request
      2,856 SF

      3030 Highland Ave

      BAR, TAVERN • 2,856 SF
      3030 Highland Ave, Niagara Falls, NY 14305-2052
      View Details
    • Value Estimation by Request
      2,700 SF

      3964 Lockport Rd

      BAR, TAVERN • 2,700 SF
      3964 Lockport Rd, Niagara Falls, NY 14305-2303
      View Details
    • Value Estimation by Request
      5,151 SF

      2939 Hyde Park Blvd

      BAR, TAVERN • 5,151 SF
      2939 Hyde Park Blvd, Niagara Falls, NY 14305-2215
      View Details

    Similar Nearby for Sale

    • $355,000
      7,965 SF

      Niagara Falls Mixed-Use Investment

      Main street location with restaurant, bar, apartments, and parking.
      1414 Main St, Niagara Falls, NY 14305
      View Details
    • Contact for pricing

      Former Convenience Store for Sale

      Former convenience store suitable for retail, restaurant, or office conversion.
      1500 Main St, Niagara Falls, NY 14305
      View Details
    • $199,000

      Niagara Falls Industrial Opportunity

      7,968 sq ft commercial building near Canadian border.
      1041 Niagara Ave, Niagara Falls, NY 14305
      View Details
    • $200,000

      Niagara Falls Commercial Space Available

      Over 8,000 sq ft commercial space with parking.
      1701 Main St, Niagara Falls, NY 14305
      View Details
    • Contact for pricing
      19,500 SF

      Retail Building Available For Sale

      19,500 SF retail building in Niagara Falls, NY.
      4407 Military Rd, Niagara Falls, NY 14305
      View Details
    • $3,200,000
      198,424 SF

      Niagara Falls Investment Opportunity

      37 parcels with 21 buildings totaling 198,000 sq. ft.
      1601 Main St, Niagara Falls, NY 14305
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,644 SF

      Warehouse with Office and Bays

      Warehouse space with office, restroom, and bay doors for rent.
      3319 Hyde Park Blvd, Niagara Falls, NY 14305
      View Details
    • $3,000 /Mo

      Auto Shop with Office Space

      3,300 SF auto shop with office near Military Rd.
      5621 Lockport Rd, Niagara Falls, NY 14305
      View Details
    • $2,500 /Mo

      Military Rd Garage with Parking

      Garage with parking lot suitable for auto-related businesses.
      3628.5 Military Rd, Niagara Falls, NY 14305
      View Details
    • Contact for pricing
      150,000 SF

      Industrial Land Build-to-Suit Opportunity

      16+ acre light industrial site for custom facility.
      3401 Military Rd, Niagara Falls, NY 14305
      View Details
    • $3,500 /Mo
      5,500 SF

      Spacious Warehouse with Bay Doors

      Large warehouse with 16-foot clearance, convenient location, and ample space.
      4625 Witmer Rd, Niagara Falls, NY 14305
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6511 Lockport Rd
    Niagara Falls, NY 14305-3528
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.