Building Details

Year Built 1897

Year Renovated 2020

Buildings 1

Stories 2

Listed By: Frederick Blue Show Phone

Added: Mar 12 Changed: May 20

Report an Issue

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 (±1% cap)

NOI $40,084 @ 7.0% cap · market cap 9.32%

Second Best

Apartment 5plus

$443.0K

$387.6K – $516.8K (±1% cap)

NOI $31,010 @ 7.0% cap · market cap 7.21%

Theoretical Best

Warehouse

$3.38M

$2.96M – $3.94M (±1% cap)

NOI $236,606 @ 7.0% cap · market cap 55.02%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Jean’s Bar & Grill Bar & Pub

Suggested Use

Top Pick Building Supply Auto Repair Shop Bakery Law Firm Cafe & Coffee Shop Pet Grooming Service

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

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Mixed-Use Income Building

259 Young St, Wilson, NY 14172

$499,900

10,862 SF

View details

Versatile Retail Storefront

638 Lake St, Wilson, NY 14172

Contact for pricing

24,320 SF

View details

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.