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

    6919 Ward Rd Niagara Falls, NY 14304

    • Commercial real estate
    • 6.00 lot acres
    For Sale
    View listing
    $175,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-4868573
    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

    • Commercial real estate

    Property Details for 6919 Ward Rd

    Lot size
    6.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 6-acre commercial land parcel presents a remarkable investment opportunity in the vibrant Niagara Falls, NY area. Strategically located in Wheatfield, this property enjoys unparalleled access to Niagara Falls Boulevard, ensuring high visibility and convenient access for any commercial venture. The expansive lot size offers unlimited potential for development, catering to a wide range of commercial uses. Imagine the possibilities: a bustling retail center, a modern industrial facility, or a thriving hospitality establishment. The property's prime location near Niagara Falls Boulevard guarantees significant foot traffic and easy accessibility for customers and employees alike. This is a rare opportunity to acquire a substantial land holding in a high-growth area with exceptional potential for future appreciation. The seller is also open to discussing the possibility of acquiring additional acreage adjacent to this parcel, providing even greater flexibility for large-scale development projects. This property is priced competitively at $175,000, making it an attractive investment for both seasoned developers and newcomers to the commercial real estate market. Don't miss this chance to secure a piece of prime Niagara Falls real estate. The address is 6919 Ward Rd, Niagara Falls, NY 14304.

    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
    -78.889602583921
    Latitude
    43.088719767946

    Comparable in this City

    • $695,000
      2.63 Acres

      Niagara Falls Commercial Land

      Prime 2.63-acre lot, high traffic area.
      7101 Porter Rd, Niagara Falls, NY 14304
      View Details
    • $44,900

      Vacant Commercial Lot in Wheatfield

      Commercial land for sale in a desirable Wheatfield location.
      Wheatfield, NY 14304
      View Details
    • $475,000

      Prime Vacant Commercial Lot

      High-traffic commercial lot near Niagara Falls and upcoming Amazon warehouse.
      8811 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details
    • $125,000

      Wheatfield Land for Sale

      Land available in Wheatfield, NY.
      2204 River Rd, Wheatfield, NY 14304
      View Details
    • Contact for pricing
      2.05 Acres

      2590 Military Rd

      Land • 2.05 Acres
      2590 Military Rd, Niagara Falls, NY 14304
      View Details
    • $795,000

      Commercially Zoned Land For Sale

      14 acres of commercially zoned land with existing billboard income.
      Wheatfield, NY 14304
      View Details

    Similar Nearby for Sale

    • $695,000
      2.63 Acres

      Niagara Falls Commercial Land

      Prime 2.63-acre lot, high traffic area.
      7101 Porter Rd, Niagara Falls, NY 14304
      View Details
    • $44,900

      Vacant Commercial Lot in Wheatfield

      Commercial land for sale in a desirable Wheatfield location.
      Wheatfield, NY 14304
      View Details
    • $475,000

      Prime Vacant Commercial Lot

      High-traffic commercial lot near Niagara Falls and upcoming Amazon warehouse.
      8811 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details
    • $125,000

      Wheatfield Land for Sale

      Land available in Wheatfield, NY.
      2204 River Rd, Wheatfield, NY 14304
      View Details
    • Contact for pricing
      2.05 Acres

      2590 Military Rd

      Land • 2.05 Acres
      2590 Military Rd, Niagara Falls, NY 14304
      View Details
    • $795,000

      Commercially Zoned Land For Sale

      14 acres of commercially zoned land with existing billboard income.
      Wheatfield, NY 14304
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      23,000 SF

      Niagara Falls Retail Space Available

      Prime Niagara Falls storefront, 13,088 sq ft.
      8735 Niagara Falls Blvd, Niagara Falls, NY 14304
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    • $8 SF/Yr
      9,696 SF

      Prime Niagara Falls Retail Space

      9,696 SF Retail Building - For Lease
      2450 Military Rd, Niagara Falls, NY 14304
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      87,093 SF

      Pine Plaza: Niagara Falls Retail

      Prime Niagara Falls retail space available.
      8207-8351 Niagara Falls Blvd, Niagara Falls, NY 14304
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    • $700 /Mo

      Professional Office Space Available

      Office spaces for lease with utilities and WiFi included.
      6951 Williams Rd, Niagara Falls, NY 14304
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    • $19 SF/Yr
      4,560 SF

      Niagara Falls Automotive Repair Space

      Automotive repair space with drive-in bays and high visibility.
      7894 Niagara Falls Blvd, Niagara Falls, NY 14304
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    • Contact for pricing
      4,500 SF

      Medical Office Space Available

      4,500 SF medical office space for lease.
      6933 Williams Rd, Niagara Falls, NY 14304
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    6919 Ward Rd
    Niagara Falls, NY 14304
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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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