Niagara Falls Blvd Retail
For Sale
Contact for pricing
10158 Niagara Falls Blvd, Niagara Falls, NY 14303
Move-in ready retail plaza near Niagara Falls International Airport.
Property Size9,945 SF
Price / SF$170.94
Days on Market480
Property Features for 10158 Niagara Falls Blvd
General Information
Standard status
Active
Size
9,945 SF
Class
B
Total Parking Spaces
20
Property subtype
Retail
Zoning
Commercial
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1980
Year Renovated
2018
Buildings
1
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Recckio Real Estate and Development
(716) 834-7777
Listed By:
Rick Recckio · License #NY 31RE0821429
Source:
Crexi
Added: Apr 28, 2025
Changed: Aug 19
Last Checked: Aug 19 at 7:40PM
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 9,945 square foot strip plaza is available for sale and is move-in ready. The property is located on Niagara Falls Blvd, directly across the street from the Niagara Falls International Airport. Multiple spaces are available within the property, ranging from 1,000 to 5,000 square feet. The owner prefers a long-term tenant. The property is suitable for retail, medical, office, or restaurant use. A large parking lot was resurfaced in 2024. An additional billboard on-site generates income. Access is available from both Porter Road and Niagara Falls Blvd. The property offers great visibility and high drive-by traffic. It is centrally located between Buffalo and Niagara Falls, minutes from major commercial properties and a few miles from the New York State Thruway I-190 on/off Exit 22. The property is situated near 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, and Olive Garden.
Key Highlights
- High visibility location on Niagara Falls Blvd directly across from Niagara Falls International Airport.
- Flexible space options available, ranging from 1,000 to 5,000 +/- SF.
- Ample parking with a large parking lot resurfaced in 2024.
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
$109,393
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
6.43%
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%
$2,187,860
$2.2M
Cap Rate 7%
$1,562,757
$1.6M
Cap Rate 9%
$1,215,478
$1.2M
Market Conditions
NOI Build-Up for 9,945 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
$179.0K $18.00/SF
− Vacancy
−$22.7K −$2.29/SF
EGI
$156.3K $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%
$2,187,860
Cap Rate 7%
$1,562,757
Cap Rate 9%
$1,215,478
Alternative Uses
Best Use
Retail
$1.56M
$1.37M – $1.82M
NOI $109,393 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$8.45M
$7.39M – $9.86M
NOI $591,516 @ 7.0% cap · market cap 34.80%
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 14303, NY
5,958
Population
3,505
Households
1.7
Avg Household Size
38
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
2,207
Density / Sq Mi
$45,519
Median Household Income
$34,623
Median Earnings
$845
Median Rent
$78,200
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.; Flexible space options available, ranging from 1,000 to 5,000 +/- SF.; Ample parking with a large parking lot resurfaced in 2024.
