Turnkey Restaurant and
For Sale
Contact for pricing
1127 Hertel Ave, Buffalo, NY 14216
Turnkey 2,820 SF restaurant and bar with a fully renovated concrete patio and new commercial kitchen.
Property Size2,820 SF
Price / SF$389.72
Days on Market124
Property Features for 1127 Hertel Ave
General Information
Standard status
Active
Size
2,820 SF
Property subtype
RETAIL
Listing Agency:
Hunt Commercial - Buffalo
(716) 854-5943
Listed By:
Nicholas Corto · License #10401306847
(716) 864-1929
Source:
Moodyscre
Added: May 12
Changed: Aug 16
Last Checked: Sep 12 at 9:36AM
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 Hunt Commercial - Buffalo
Investment Insights
Based on property information with market context.
Turnkey restaurant and bar property featuring a 2,820 SF interior and a fully renovated full concrete patio totaling 4,000 SF. The space includes a brand new commercial kitchen and has been fully renovated throughout. Building systems and key improvements noted include forced air with mini splits, 200 AMP service, and block masonry construction with a roof installed in 2017 (rubber flat).
The property is located on Hertel Avenue in Buffalo, NY and is presented for sale with both real estate and business-related assets. Public remarks indicate the offering includes business assets, FFE, and assets related to the business, with an equipment list provided separately.
The property is located on Hertel Avenue in Buffalo, NY and is presented for sale with both real estate and business-related assets. Public remarks indicate the offering includes business assets, FFE, and assets related to the business, with an equipment list provided separately.
Key Highlights
- 2,820 SF restaurant/bar establishment on the Hertel Avenue strip
- 4,000 SF fully renovated full concrete patio for warmer‑month dining
- Brand new commercial kitchen and fully renovated interior throughout
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
$32,334
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
2.94%
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%
$646,680
$646.7K
Cap Rate 7%
$461,914
$461.9K
Cap Rate 9%
$359,267
$359.3K
Market Conditions
NOI Build-Up for 2,820 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
$47.4K $16.80/SF
− Vacancy
−$4.3K −$1.51/SF
EGI
$43.1K $15.29/SF
− OpEx
−$10.8K −$3.82/SF
NOI
$32.3K $11.47/SF
Area
Buffalo, NY
Vacancy
9.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
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%
$646,680
Cap Rate 7%
$461,914
Cap Rate 9%
$359,267
Alternative Uses
Best Use
Specialty Retail
$461.9K
$404.2K – $538.9K
NOI $32,334 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$678.2K
$593.4K – $791.2K
NOI $47,471 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,210
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14216, NY
22,979
Population
12,773
Households
1.8
Avg Household Size
37
Median Age
54%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
8,207
Density / Sq Mi
$70,260
Median Household Income
$47,823
Median Earnings
$1,152
Median Rent
$260,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Buffalo, NY
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey 2,820 SF restaurant and bar with a fully renovated concrete patio and new commercial kitchen.
Where is this conventional restaurant located?
The property is located at 1127 Hertel Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 2,820 SF restaurant/bar establishment on the Hertel Avenue strip; 4,000 SF fully renovated full concrete patio for warmer‑month dining; Brand new commercial kitchen and fully renovated interior throughout
