Turn-Key Auto Body Repair
For Sale
$324,900
2514 Pine Avenue, Niagara Falls, NY 14301
COMMERCIAL - Niagara Falls, NY
Property Size2,356 SF
Lot Size0.10 Acres
Price / SF$137.90
Days on Market262
Property Features for 2514 Pine Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
14301
Zoning description
Business
Parking
10
Parking features
Paved or Surfaced, Fenced
Subdivision
Heirs/A Agustus Porter Sh
Lot features
Rectangular, Rectangular Lot
Elementary school district
Niagara Falls
Middle school district
Niagara Falls
High school district
Niagara Falls
Standard status
Active
APN
291100-144-082-0002-040-000
Size
2,356 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
3741
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Amenities
freshly painted
LED lighting
overhead doors
blacktop parking
Building Details
Year built
1950
Floors in Building
1
Building materials
Block
Roof type
Flat
Listing Agency:
Hooper Realty
(716) 285-0477
Listed By:
Michael J Hooper · License #37HO0444450
(716) 285-0477
Added: Dec 1, 2025
Changed: Aug 4
Last Checked: Aug 20 at 7:06AM
MLS# B1653157
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.
Investment Insights
Based on property information with market context.
Turn-key auto body repair/collision facility featuring freshly painted interiors and all LED lighting. The cinder block building includes overhead doors and sits on a fenced-in area with blacktop, paved parking. Construction is block with a flat roof, and the property is served by public water and public sewer.
The shop is heated with natural gas forced air. Parking is paved or surfaced and includes a fenced configuration for controlled access. The building was built in 1950.
The sale also includes V/L 2512 Pine Avenue (sbl#-041-000).
The shop is heated with natural gas forced air. Parking is paved or surfaced and includes a fenced configuration for controlled access. The building was built in 1950.
The sale also includes V/L 2512 Pine Avenue (sbl#-041-000).
Key Highlights
- 2,356 SF cinder block auto body repair/collision shop with a flat roof
- Freshly painted interior and all LED lighting
- Cinder block building with overhead doors
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
$25,916
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
7.98%
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%
$518,320
$518.3K
Cap Rate 7%
$370,229
$370.2K
Cap Rate 9%
$287,956
$288.0K
Market Conditions
NOI Build-Up for 2,356 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
$42.4K $18.00/SF
− Vacancy
−$5.4K −$2.29/SF
EGI
$37.0K $15.71/SF
− OpEx
−$11.1K −$4.71/SF
NOI
$25.9K $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%
$518,320
Cap Rate 7%
$370,229
Cap Rate 9%
$287,956
Alternative Uses
Best Use
Industrial
$1.65M
$1.44M – $1.92M
NOI $115,403 @ 7.0% cap · market cap 35.52%
Second Best
Retail
$370.2K
$324.0K – $431.9K
NOI $25,916 @ 7.0% cap · market cap 7.98%
Theoretical Best
Warehouse
$2.00M
$1.75M – $2.34M
NOI $140,132 @ 7.0% cap · market cap 43.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
32k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 43%
Home Improvements & Furnishings 3%
Tim Hortons
Dining
15,181 visits/mo
0.3 miles
7-Eleven
Shops & Services
7,072 visits/mo
0.2 miles
7-Eleven
Shops & Services
3,954 visits/mo
0.5 miles
AutoZone
Shops & Services
2,637 visits/mo
0.1 miles
SUBWAY
Dining
2,097 visits/mo
0.0 miles
Demographics for 14301, NY
12,618
Population
7,285
Households
1.7
Avg Household Size
38
Median Age
18%
College-Educated
85%
High-School Grad
2.1 sq mi
ZIP Area
6,009
Density / Sq Mi
$37,650
Median Household Income
$32,909
Median Earnings
$722
Median Rent
$79,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Fastco Automotive Products — 1711 Cudaback Ave #1709, Niagara Falls, NY 14303
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Frequently Asked Questions
What type of property is this?
Auto shop - Turn-key auto body repair collision shop in a block building with overhead doors, fenced blacktop parking, and LED lighting.
Where is this auto shop located?
The property is located at 2514 Pine Avenue Niagara Falls, NY.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: 2,356 SF cinder block auto body repair/collision shop with a flat roof; Freshly painted interior and all LED lighting; Cinder block building with overhead doors
