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    Property profile & analytics

    984 Payne Ave North Tonawanda, NY 14120-3234

    • Turn key restaurants
    • 15,577 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimation
    $375,000
    Location Intelligence
    Property ID
    US63-2530860
    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

    • Pane's Restaurant / Italian Restaurant

    Property Details for 984 Payne Ave

    Year built
    1955
    Lot size
    0.93 lot acres
    Property size
    15,577 SF
    Zone code
    C-1
    Property type
    Turn key restaurants
    APN
    291200 182.21-2-28
    APU
    29120018221228

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $355,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $400,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $440,000
      Geo Method
      $375,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $495,000
      Retail
      $510,000
      Mixed-Use
      $385,000
      Hospitality
      $440,000
      Educational
      $420,000
      Residential Income
      $470,000
      Energy
      $385,000
      Income-Based Land
      $380,000
      Food Service
      $515,000

    Location Insight

    • Map
    • Local Demand
    City
    North Tonawanda
    County
    Niagara
    State
    New York
    Longitude
    -78.8781
    Latitude
    43.0496
    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
    $50,600
    $499,400
    $550,000
    -
    $97,308
    $960,392
    $1,057,700

    Comparable in this City

    • Value Estimation
      $270,000
      4,960 SF

      3312 Niag Fls Blvd

      RESTAURANT • 4,960 SF
      3312 Niag Fls Blvd, North Tonawanda, NY 14120
      View Details
    • Value Estimation
      $270,000
      1,874 SF

      3386 Niagara Fls Blvd

      RESTAURANT • 1,874 SF
      3386 Niagara Fls Blvd, North Tonawanda, NY 14120-1214
      View Details
    • Value Estimation
      $225,000
      2,004 SF

      817 Payne Ave

      RESTAURANT • 2,004 SF
      817 Payne Ave, North Tonawanda, NY 14120-6733
      View Details
    • Value Estimation
      $260,000
      3,495 SF

      1267 Erie Ave

      RESTAURANT • 3,495 SF
      1267 Erie Ave, North Tonawanda, NY 14120
      View Details
    • Value Estimation
      $295,000
      3,798 SF

      3264 Niag Fls Blvd

      RESTAURANT • 3,798 SF
      3264 Niag Fls Blvd, North Tonawanda, NY 14120
      View Details
    • Value Estimation
      $275,000
      3,000 SF

      797 Payne Ave

      RESTAURANT • 3,000 SF
      797 Payne Ave, North Tonawanda, NY 14120-6733
      View Details

    Similar Nearby for Sale

    • $1,375,000
      8,000 SF

      Turn-Key Restaurant & Multi-Use Building

      Profitable Restaurant, Office & Apartment Complex
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      View Details
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      Wheatfield Commercial Property for Sale

      2-acre light industrial property with redevelopment potential.
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    • $995,000

      Retail Space in North Tonawanda

      Retail space with business, goodwill, equipment, and inventory included.
      1091 Oliver St, North Tonawanda, NY 14120
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    Similar Nearby for Lease

    • $14 SF/Yr
      3,320 SF

      North Tonawanda Commercial Space Available

      Prime commercial space in revitalizing downtown North Tonawanda. Customizable build-out.
      230 Oliver St, North Tonawanda, NY 14120
      View Details
    • Contact for pricing
      120,776 SF

      North Tonawanda Retail Space Available

      Retail space for lease in high-traffic North Tonawanda plaza.
      953 Payne Ave, North Tonawanda, NY 14120
      View Details
    • Contact for pricing
      120,776 SF

      North Tonawanda Retail Space Available

      Retail space for lease in a high-traffic North Tonawanda plaza.
      953 Payne Ave, North Tonawanda, NY 14120
      View Details
    • Contact for pricing
      222,147 SF

      North Tonawanda Retail Space Available

      Retail space for lease in a high-traffic North Tonawanda plaza.
      301 Meadow Dr, North Tonawanda, NY 14120
      View Details
    • Contact for pricing
      222,147 SF

      North Tonawanda Retail Space Available

      Retail space for lease in a high-traffic North Tonawanda plaza.
      301 Meadow Dr, North Tonawanda, NY 14120
      View Details
    • $12 SF/Yr
      120,776 SF

      North Tonawanda Retail Space Available

      Retail space in a high-traffic, grocery-anchored plaza.
      953 Payne Ave, North Tonawanda, NY 14120
      View Details

    Property Visit Statistics

    • Visits by month
      3.8k
    • Visitors by month
      2.7k
    • Avg Time on site
      16 min
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    984 Payne Ave
    North Tonawanda, NY 14120-3234
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    Realmo Value Estimation

    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.

    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.

    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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