Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2318 Niagara St Niagara Falls, NY 14303

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10 SF/Yr

    Commercial building with retail, warehouse space, and parking.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 5:40 pm

    Property Features for 2318 Niagara St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Christina Pecoraro

    Listing agent Christina Pecoraro

    Listing office Hunt Commercial - Buffalo

    Listing date Apr 24, 2026

    Source Elliman

    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

    Overview

    Niagara Street Commercial Building

    Located at 2318 Niagara St, Niagara Falls, NY 14303, this commercial building offers multiple spaces suitable for various business needs. The property features two separate storefront or retail spaces and a full basement providing additional space. In the rear, there is a small warehouse or automotive space equipped with a drive-in door. A gated parking lot offers ample parking, complemented by large signage for visibility. The property can be rented separately or together as a package deal. The building is highly visible and offers tons of potential. The bike score is 54, indicating it is bikeable. The walk score is 66, meaning it is somewhat walkable, and the transit score is 29, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    Universal Wireless Mobile Phone Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Niagara Falls
    County
    Niagara
    State
    New York
    Longitude
    -79.0337865
    Latitude
    43.0887077

    Nearby Similar for Lease

    • $6 SF/Yr

      Niagara Falls Office/Warehouse Space

      Office/warehouse space near I-190 and commercial corridors in Niagara Falls.
      6900 Mooradian Drive, Niagara Falls, NY 14304
      View Details
    • $399,000 SF/Yr

      Equipped Daycare Facility For Sale

      Fully equipped daycare facility with modern finishes and outdoor play areas.
      300 Hyde Park Boulevard, Niagara Falls, NY 14303
      View Details
    • $5,500/Mo

      Versatile Industrial Space Available

      Office, shop, and warehouse space for lease near Amazon.
      8555 Packard Rd, Niagara, NY 14304
      View Details
    • $16 SF/Yr

      Niagara Falls Blvd Retail/Office Space

      Two spaces available on Niagara Falls Blvd, suitable for various businesses.
      10158 Niagara Falls Blvd, Niagara Falls, NY 14304
      View Details
    • $10 SF/Yr

      Historic Office Space For Rent

      Updated historic building with kitchen, conference room, and ample parking.
      661 Main Street, Niagara Falls, NY 14301
      View Details
    • $750,000 SF/Yr

      Updated Retail and Office Building

      Partially renovated building with retail, meeting area, and offices.
      1618 18th St, Niagara Falls, NY 14305
      View Details
    • $15 SF/Yr

      Niagara Falls Blvd Retail Space

      Retail or office space near Niagara Falls Airport available for rent.
      10158 Niagara Falls Blvd., Niagara Falls, NY 14304
      View Details
    • $199,000 SF/Yr

      Automotive Repair Shop with Upgrades

      Commercially zoned auto-body shop with insulated pole barn.
      2910 Louisiana Ave, Niagara, NY 14305
      View Details
    • $10 SF/Yr

      Retail/Office Space on Pine Avenue

      Move-in ready retail or office space with shelving and coolers.
      1611 Pine Ave, Niagara Falls, NY 14301
      View Details
    • $11 SF/Yr

      Professional Office Complex For Lease

      Premier office complex in Niagara County, divisible space available.
      7711 Porter Road, Niagara Falls, NY 14304
      View Details
    • $12 SF/Yr

      Retail Space on Pine Avenue

      Large retail space with signage and parking available for rent.
      1309 Pine Ave, Niagara Falls, NY 14301
      View Details
    • $4 SF/Yr

      Industrial Space Near Niagara Airport

      Leasable industrial space with highway and airport access.
      2221 Niagara Falls Boulevard, Niagara Falls, NY 14304
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial building with retail, warehouse space, and parking.
    Where is this retail space located?
    The property is located at 2318 Niagara St Niagara Falls, NY.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Two separate storefront/retail spaces – rent them separately or together.; Gated parking lot providing plenty of parking.; Small warehouse/automotive space in the rear with a drive‑in door.
    (716) 531-6880
    We can help!
    Listing Contact
    Christina Pecoraro
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!