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    North Collins Commercial Opportunity Title is generated by Realmo AI

    10557 Main Street, North Collins, NY 14111

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    Claim this Listing
    For Sale
    $250,000

    COMMERCIAL - North Collins, NY

    Property size:
    972 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $257/SF
    Added:
    Jul 25, 2025
    Days on Market:
    302
    Last Refresh:
    May 22 at 2:06 am

    Property Features for 10557 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B1
    Parking
    12
    Standard status
    Active
    APN
    145801-269-190-0003-027-000
    Size
    972 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Annual Amount
    5219

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1986
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Linoleum, Vinyl
    Building materials
    Block
    Roof type
    Rubber, Membrane

    We can help!

    Listing Contact
    Joshua James
    Joshua James

    Listing agent Joshua James License #10301210944

    Listing office Keller Williams Realty WNY 5500 Main St. Ste. 108, Williamsville, NY

    Listing date Jul 25, 2025

    MLS# B1624513

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey business opportunity: Includes existing mini‑mart business, equipment, and inventory
    • High‑visibility location: Situated on Main Street/Gowanda State Road with high traffic and ample parking (12+ spaces)
    • Recent upgrades: Features include new walk‑in cooler condenser (2024), deli/meat cooler components (2023), cooler compressor & 200 amp electrical service (2022), HWT (2021), roof (2017), commercial A/C unit and ice cream freezer (2016)
    • Versatile potential: Suitable for various businesses beyond a convenience store (e.g., insurance agency, law office)
    • Strategic location: Close to Collins Correctional, Lake Erie, and Buffalo, with proximity to retailers like Tractor Supply and Gui's Lumber
    • Environmental compliance: Gas tanks removed to DEC standards

    Overview

    This commercial property, located at 10557 Main Street in the Village of North Collins, presents an investment opportunity. Currently operating as a mini-mart known for home-cooked food and service for 38 years, the property offers high visibility, a high traffic count, and over 12 parking spaces. The 972 square foot building is situated on a 0.2387-acre parcel. The property is zoned B1. The sale includes owned equipment such as a deli meat slicer, Slush Puppy machine, shelving units, and a cash register. Upgrades include the removal of gas tanks to DEC standards, a commercial A/C unit and ice cream freezer 2026, a new walk-in cooler condenser in 2024, deli/meat cooler components replaced in 2023, a cooler compressor & 200 amp electrical service in 2022, a HWT in 2021, and a roof in 2017, along with a newer commercial sink. The property is located 11 minutes from Collins Correctional, 16 minutes from Lake Erie and the beach, and 35 minutes from downtown Buffalo, with proximity to retailers such as Tractor Supply and Gui's Lumber. The property could also be suitable for an insurance agency, brokerage, or law office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm Rj's Cafe Cafe & Coffee Shop

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy Kitchen & Bath Showroom Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Collins
    County
    Erie
    State
    New York
    Longitude
    -78.940673
    Latitude
    42.594454

    FAQs

    What type of property is this?
    Grocery and convenience store - Turnkey convenience store with high visibility and traffic.
    Where is this grocery and convenience store located?
    The property is located at 10557 Main Street North Collins, NY.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Turnkey business opportunity: Includes existing mini‑mart business, equipment, and inventory; **High‑visibility location:** Situated on Main Street/Gowanda State Road with high traffic and ample parking (12+ spaces); Recent upgrades: Features include new walk‑in cooler condenser (2024), deli/meat cooler components (2023), cooler compressor & 200 amp electrical service (2022), HWT (2021), roof (2017), commercial A/C unit and ice cream freezer (2016)
    (716) 697-3280
    We can help!
    Listing Contact
    Joshua James
    Joshua James
    Real Estate License ID: 10301210944
    Learn More
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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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