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Property profile & analytics
OFF-MARKET
Estimated value
$2,050,000
Hotels
7001 Buffalo Ave, Niagara Falls, NY 14304-4001
Entity Owned
16-yr Hold
Free & Clear
Property ID
US63-6219420
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1963
Total area
134,148 SF
Lot
2.9 ac (126,324 SF)
Zoning code
C1-A
APN
291100 160.20-2-3
UPID
US63-6219420
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
-
Bella Vista Ristorante Restaurant
-
Niagara Falls Vineyard Christian Fellowship Church
-
Merani Hotel Group Hotel & Motel
-
Niagara Riverside Resort, BW Premier Collection Hotel & Motel
-
Four Points by Sheraton Niagara Falls Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.05M
Owner & transaction history
Lasalle Hospity INC · 16 yrs held
Lasalle Hospity INC
since 2009
7 recorded transactions
Zoning & alternative use
C1-A · Niagara Falls, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$3,410,000
Assessed 2023
Previous assessed
$3,410,000
+0.0% YoY
Assessed land
$315,800
Assessed improvement
$3,094,200
Land market value
$584,813
Improvement market value
$5,729,987
Total market value
$6,314,800
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1963
Heating
NONE
Cooling
CENTRAL
Stories
8
Total area
134,148 SF
Lot
2.9 ac (126,324 SF)
Zoning code
C1-A
APN
291100 160.20-2-3
UPID
US63-6219420
Jurisdiction
NIAGARA
Zoning & alternative use
C1-A · Niagara Falls, NY
Zoning C1-A · permitted uses
C1-A · 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.
Building & site characteristics
From public records
Year built
1963
Heating
NONE
Cooling
Yes
Stories
8
Lot
2.9 ac
Current owner
From public records · entity-resolved
Lasalle Hospity INC
Entity
Free & Clear · 16 yrs held
Mailing address
7001 BUFFALO AVE, NIAGARA FALLS, NY 14304-4001
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2016
—
Niagara County Indl Dev Agcy
—
Deed
related
$2,100,000 · Lake Shore Svgs Bk
Feb 9, 2012
—
Lasalle Hospitality INC
—
Deed Of Trust
related
$3,050,000 · Evans Bank NA
Nov 23, 2010
—
Lasalle Hospitality INC
—
Trustees Deed
related
$3,500,000 · Evans Bank NA
Sep 23, 2009
$1,950,000
Lasalle Hospity INC
Niagara Group Hotels LLC
Grant Deed
—
Dec 29, 2005
$2,200,000
Niagara Group Hotels LLC
General Electric Capital Corp
Grant Deed
$1,760,000 · General Electric Capital Corp
Mar 14, 2005
$1,900,000
General Electric Capital Corp
Auctioneer Of Niagara County
Trustees Deed
related
—
—
—
Merani Holdings LLC
—
Deed Of Trust
related
$2,000,000 · New York Busn Dev
—
—
Niagara County Indl Dev Agcy
—
Deed Of Trust
related
—
—
—
Niagara County Indl Dev Agcy
—
Deed Of Trust
related
$2,100,000 · Lake Shore Svgs Bk
—
—
Lasalle Hospitality INC
—
Deed Of Trust
related
$650,000 · Nfc Dev 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.
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