2695 Niagara Falls Boulevard, Amherst, NY 14228

Building Details

Building Size 1,708 SF More

Buildings 1 More

Stories 1 More

Listing Agency: Chubb-Aubrey Leonard Real Estate

Listed By: Barry J Chubb Show Phone

Source: Evrealestate

Added: Jul 29, 2024 Changed: Nov 6 Last Checked: Nov 6 at 3:13PM

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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 Chubb-Aubrey Leonard Real Estate

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This commercial storefront contains 1,708 square feet and is equipped with central air and natural gas heating.

The property sits at the southeast corner of Niagara Falls Boulevard and Irvington, a dead-end street, where the intersection is controlled by a traffic light.

Key Highlights

• 1,708‑square‑foot storefront property
• Central air conditioning
• Central natural gas heating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,660

Cap Rate

8.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$413,200 $413.2K

Cap Rate 7%

$295,143 $295.1K

Cap Rate 9%

$229,556 $229.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,708 SF

Gross rent

$30.7K $18.00/SF

− Vacancy

−$1.2K −$0.72/SF

EGI

$29.5K $17.28/SF

− OpEx

−$8.9K −$5.18/SF

NOI

$20.7K $12.10/SF

Area

Amherst, NY

Vacancy

4.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$413,200

Cap Rate 7%

$295,143

Cap Rate 9%

$229,556

Alternative Uses

Best Use

Retail

$295.1K

$258.3K – $344.3K (±1% cap)

NOI $20,660 @ 7.0% cap · market cap 8.27%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$440.2K

$385.2K – $513.5K (±1% cap)

NOI $30,812 @ 7.0% cap · market cap 12.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Auto Parts Store Electrical Service Real Estate Agency Bakery Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

448

Businesses Nearby

69k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 53% Shops & Services 47%

Tim Hortons Dining

17,055 visits/mo 0.1 miles

Pet Supplies Plus Shops & Services

11,756 visits/mo 0.5 miles

Arby's Dining

11,536 visits/mo 0.5 miles

Sunoco Shops & Services

10,108 visits/mo 0.3 miles

Jim's Steakout Dining

7,673 visits/mo 0.5 miles

Demographics for 14228, NY

23,945

Population

10,601

Households

2.3

Avg Household Size

32

Median Age

49%

College-Educated

92%

High-School Grad

15.9 sq mi

ZIP Area

1,506

Density / Sq Mi

$72,426

Median Household Income

$40,958

Median Earnings

$1,264

Median Rent

$246,100

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in Erie County, NY

$100 Jul

$107 Aug

$97.38 Sep

$94.72 Oct

Properties on Market for Storefront properties in Erie County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - A 1,708-square-foot commercial storefront has central air and natural gas heating.

Where is this storefront property located?

The property is located at 2695 Niagara Falls Boulevard Amherst, NY.

What is the asking price?

The asking price for this property is $249,900.

What are key features of this property?

This property features: 1,708‑square‑foot storefront property; Central air conditioning; Central natural gas heating