For Sale
$430,000
273 Young St, Wilson, NY 14172
Fully renovated bar and grill with a two-bedroom apartment.
Property Size3,978 SF
Price / SF$108.09
Days on Market162
Property Features for 273 Young St
General Information
Standard status
Active
Property type
Bars & Pubs, Short term rental properties, Multifamily properties, Restaurants, Residential income properties
Size
3,978 SF
Net Rentable
430 SF
Total Parking Spaces
3
Building Details
Year Built
1897
Year Renovated
2020
Buildings
1
Stories
2
Listing Agency:
(716) 523-9166
Listed By:
Frederick
(716) 523-9166
Added: Mar 12
Changed: May 20
Investment Insights
Based on property information with market context.
Key Highlights
- Totally remodeled Turnkey business and building with additional rental income business.
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
$31,010
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
7.21%
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%
$620,200
$620.2K
Cap Rate 7%
$443,000
$443.0K
Cap Rate 9%
$344,556
$344.6K
Market Conditions
NOI Build-Up for 3,978 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
$60.6K $15.24/SF
− Vacancy
−$4.2K −$1.07/SF
EGI
$56.4K $14.17/SF
− OpEx
−$25.4K −$6.38/SF
NOI
$31.0K $7.80/SF
Area
Niagara County, NY
Vacancy
7.00%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
45.00%
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%
$620,200
Cap Rate 7%
$443,000
Cap Rate 9%
$344,556
Alternative Uses
Best Use
Specialty Retail
$572.6K
$501.1K – $668.1K
NOI $40,084 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$443.0K
$387.6K – $516.8K
NOI $31,010 @ 7.0% cap · market cap 7.21%
Theoretical Best
Warehouse
$3.38M
$2.96M – $3.94M
NOI $236,606 @ 7.0% cap · market cap 55.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14172, NY
3,301
Population
1,702
Households
1.9
Avg Household Size
46
Median Age
27%
College-Educated
96%
High-School Grad
26.3 sq mi
ZIP Area
126
Density / Sq Mi
$76,094
Median Household Income
$47,917
Median Earnings
$786
Median Rent
$179,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Jean’s Bar & Grill — 273 young st, wilson, ny 14172
- Five Coconuts Bar — 128 Ontario St, Wilson, NY 14172
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully renovated bar and grill with a two-bedroom apartment.
Where is this bar & pub located?
The property is located at 273 Young St Wilson, NY.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Totally remodeled Turnkey business and building with additional rental income business.
