Niagara Falls Blvd Retail
For Sale
$1,700,000
10158 Niagara Falls Blvd, Niagara Falls, NY 14304
Move-in ready retail plaza near Niagara Falls International Airport.
Property Size9,950 SF
Price / SF$170.85
Days on Market169
Property Features for 10158 Niagara Falls Blvd
General Information
Standard status
Active
Size
9,950 SF
Property subtype
Retail
Zoning
Commercial
Listing Agency:
Recckio Real Estate and Development
(716) 998-4422
Listed By:
Rick Recckio · License #NY #31RE0821429
(716) 998-4422
Source:
Recckio
Added: Mar 5
Changed: Aug 8
Last Checked: Apr 15 at 1:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Recckio Real Estate and Development
Investment Insights
Based on property information with market context.
This 9,950+/- SF strip plaza is available for sale and is move-in ready. The highly visible plaza is located on Niagara Falls Blvd, directly across the street from the Niagara Falls International Airport. Multiple spaces are available inside the property, ranging from 1,000 to 5,000+/- SF. The owner prefers a long-term tenant. The property is ideal for retail, medical, office, or restaurant use. Ample parking is available in a large parking lot that was resurfaced in 2024. An additional billboard on-site generates income for the owner. The property has access from both Porter Road and Niagara Falls Blvd, offering great visibility and high drive-by traffic. Centrally located between Buffalo and Niagara Falls, the property is minutes from all major commercial properties, including one of the largest shopping markets in the area. It is also a few miles from the New York State Thruway I-190 on/off Exit 22. Situated between the NYS Thruway I-190 and Niagara Falls International Airport, this property is minutes from many national restaurants and retailers including Fashion Outlets of Niagara Falls USA, Burger King, Key Bank, Planet Fitness, Woodforest National Bank, Chili's, Wegmans, Tops Super Market, Citizens Bank, Starbucks, Denny's, LA Fitness, Anytime Fitness, McDonalds, Walmart Supercenter, Target, TJ Maxx, Olive Garden, and many more.
Key Highlights
- High visibility location on Niagara Falls Blvd directly across from Niagara Falls International Airport.
- Ample parking in a large parking lot resurfaced in 2024.
- Multiple spaces available, ranging from 1,000 to 5,000 +/- SF.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$109,448
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,188,960
$2.2M
Cap Rate 7%
$1,563,543
$1.6M
Cap Rate 9%
$1,216,089
$1.2M
Market Conditions
NOI Build-Up for 9,950 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$179.1K $18.00/SF
− Vacancy
−$22.7K −$2.29/SF
EGI
$156.4K $15.71/SF
− OpEx
−$46.9K −$4.71/SF
NOI
$109.4K $11.00/SF
Area
Niagara County, NY
Vacancy
12.70%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,188,960
Cap Rate 7%
$1,563,543
Cap Rate 9%
$1,216,089
Alternative Uses
Best Use
Retail
$1.56M
$1.37M – $1.82M
NOI $109,448 @ 7.0% cap · market cap 6.44%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.45M
$7.40M – $9.86M
NOI $591,814 @ 7.0% cap · market cap 34.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
305
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 72%
Hotels & Casinos 28%
Mobil
Shops & Services
9,302 visits/mo
0.2 miles
Holiday Inn Express & Suites Niagara Falls
Hotels & Casinos
2,294 visits/mo
0.0 miles
Best Western Summit Inn
Hotels & Casinos
1,365 visits/mo
0.4 miles
Demographics for 14304, NY
28,923
Population
13,705
Households
2.1
Avg Household Size
45
Median Age
25%
College-Educated
92%
High-School Grad
21.5 sq mi
ZIP Area
1,345
Density / Sq Mi
$64,756
Median Household Income
$42,613
Median Earnings
$901
Median Rent
$151,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Move-in ready retail plaza near Niagara Falls International Airport.
Where is this strip mall located?
The property is located at 10158 Niagara Falls Blvd Niagara Falls, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: High visibility location on Niagara Falls Blvd directly across from Niagara Falls International Airport.; Ample parking in a large parking lot resurfaced in 2024.; Multiple spaces available, ranging from 1,000 to 5,000 +/- SF.
