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Property profile & analytics
FOR SALE
Motels
6625 Niagara Falls Blvd, Niagara Falls, NY 14304
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-0103419
For Sale
1 / 4
$1,050,000
6625 Niagara Falls Blvd, Niagara Falls, NY 14304
View Listing →
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1965
Total area
11,920 SF
Lot
0.68 ac (29,750 SF)
Zoning code
C3
APN
291100 160.11-2-4
UPID
US63-0103419
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
-
Red Carpet Inn Niagara Falls, NY Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
6625 Niagara Falls INC · 1 yrs held
6625 Niagara Falls INC
since 2024
Last sale
$750,000
3 recorded transactions
Zoning & alternative use
C3 · Niagara Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.0M
+146.3%
Commercial (general)
$925,000
+122.2%
Office building
$695,000
+67.8%
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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,025,000
Change: +146% · Conversion: Difficult
COMMERCIAL (GENERAL)
$925,000
Change: +122% · Conversion: Difficult
OFFICE BUILDING
$695,000
Change: +68% · Conversion: Difficult
AUTO REPAIR, GARAGE
$655,000
Change: +58% · Conversion: Difficult
RETAIL STORES
$550,000
Change: +32% · Conversion: Difficult
WAREHOUSE, STORAGE
$500,000
Change: +21% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Nov 22 2024)
Last sale anchor
$750k
Nov 22 2024
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
$63 / 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
$350,000
Assessed 2023
Previous assessed
$350,000
+0.0% YoY
Assessed land
$133,300
Assessed improvement
$216,700
Land market value
$246,834
Improvement market value
$401,266
Total market value
$648,100
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
Motels
Use group
MOTEL
Status
For Sale
Year built
1965
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
11,920 SF
Lot
0.68 ac (29,750 SF)
Zoning code
C3
APN
291100 160.11-2-4
UPID
US63-0103419
Jurisdiction
NIAGARA
Zoning & alternative use
C3 · Niagara Falls, NY
Zoning C3 · permitted uses
C3 · Niagara Falls, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Niagara Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$925,000
OFFICE BUILDING
Est. value
$695,000
AUTO REPAIR, GARAGE
Est. value
$655,000
RETAIL STORES
Est. value
$550,000
WAREHOUSE, STORAGE
Est. value
$500,000
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
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
1965
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
6625 Niagara Falls INC
Entity
Free & Clear · 1 yrs held
Mailing address
6625 NIAGARA FLS BLVD, NIAGARA FALLS, NY 14304-2251
Ownership since
2024
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
Nov 22, 2024
$750,000
6625 Niagara Falls INC
Har Gange LLC
Bargain & Sale Deed
—
May 1, 2013
$612,500
Har Gange LLC
Purshottam LLC
Warranty Deed
—
Apr 15, 2004
$340,000
Purshottam LLC
Chimento,john
Warranty Deed
$350,000 · John Chimento
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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