Turn-Key Restaurant with Commercial
For Sale
$299,000
1693 Quaker Road, Barker, NY 14012
Fully operational 2,720 sq. ft. restaurant with walk-in cooler and freezer, plus an upstairs area for expansion or events.
Property Size2,720 SF
Price / SF$109.93
Days on Market167
Property Features for 1693 Quaker Road
General Information
Standard status
Active
Size
2,720 SF
Property subtype
Business
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,406
Building Details
Building Size
2,720 SF
Year Built
1920
Stories
2
Listing Agency:
Berkshire Hathaway Homeservices Zambito Realtors
(585) 576-3435
Listed By:
Mark F Zambito · License #10491211627
(585) 576-3435
Source:
Highfallssir
Added: Mar 12
Changed: Aug 24
Last Checked: Aug 25 at 11:09AM
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 Berkshire Hathaway Homeservices Zambito Realtors
Investment Insights
Based on property information with market context.
This fully operational restaurant offers approximately 2,720 sq. ft. of turnkey space, designed for immediate service. The layout includes a comfortable indoor dining area and seasonal outdoor seating. The commercial kitchen is equipped with a walk-in cooler and freezer, and the space has been updated throughout.
The property is located in the heart of the Village of Barker, positioned within a walkable, community-centered setting.
Upstairs, the second floor provides flexible space that can support expansion, private events, additional seating, office use, or storage, depending on the concept.
The property is located in the heart of the Village of Barker, positioned within a walkable, community-centered setting.
Upstairs, the second floor provides flexible space that can support expansion, private events, additional seating, office use, or storage, depending on the concept.
Key Highlights
- Fully operational 2,720 sq. ft. restaurant space in the Village of Barker
- Includes a fully equipped commercial kitchen with a walk‑in cooler and walk‑in freezer
- Indoor dining area plus seasonal outdoor seating
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
$27,408
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
9.17%
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%
$548,160
$548.2K
Cap Rate 7%
$391,543
$391.5K
Cap Rate 9%
$304,533
$304.5K
Market Conditions
NOI Build-Up for 2,720 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
$39.2K $14.40/SF
− Vacancy
−$2.6K −$0.96/SF
EGI
$36.5K $13.44/SF
− OpEx
−$9.1K −$3.36/SF
NOI
$27.4K $10.08/SF
Area
Niagara County, NY
Vacancy
6.70%
Lease Rate
$14.40 /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%
$548,160
Cap Rate 7%
$391,543
Cap Rate 9%
$304,533
Alternative Uses
Best Use
Specialty Retail
$391.5K
$342.6K – $456.8K
NOI $27,408 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.31M
$2.02M – $2.70M
NOI $161,782 @ 7.0% cap · market cap 54.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Crosby's
Shops & Services
4,608 visits/mo
0.3 miles
Dollar General
Shops & Services
3,942 visits/mo
0.5 miles
Demographics for 14012, NY
2,334
Population
1,375
Households
1.7
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
33.5 sq mi
ZIP Area
70
Density / Sq Mi
$72,333
Median Household Income
$42,282
Median Earnings
$742
Median Rent
$166,100
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?
Conventional restaurant - Fully operational 2,720 sq. ft. restaurant with walk-in cooler and freezer, plus an upstairs area for expansion or events.
Where is this conventional restaurant located?
The property is located at 1693 Quaker Road Barker, NY.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Fully operational 2,720 sq. ft. restaurant space in the Village of Barker; Includes a fully equipped commercial kitchen with a walk‑in cooler and walk‑in freezer; Indoor dining area plus seasonal outdoor seating
