Restaurant Building with Paved
For Sale
$280,000
3909 Creek Rd, Youngstown, NY 14174
The property includes restaurant equipment, commercial zoning, and a paved adjoining lot.
Property Size1,620 SF
Price / SF$172.84
Days on Market35
Property Features for 3909 Creek Rd
General Information
Standard status
Active
Size
1,620 SF
Building Details
Year Built
1950
Listing Agency:
Fastract Real Estate
(716) 754-1111
Listed By:
James L Fasciano · License #37FA0862068
Source:
Skinnercnyrealty
Added: Jul 26
Changed: Aug 28
Last Checked: Aug 25 at 5:28AM
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 Fastract Real Estate
Investment Insights
Based on property information with market context.
This restaurant property includes approximately 1,620 square feet of commercial space, a paved adjoining lot, and a selection of pizza restaurant equipment. The building was constructed in 1950 and received a new roof two years ago. Its established history as a pizzeria and restaurant provides a documented food-service use for the site.
The property is located on Creek Road in Youngstown, adjacent to the Lewiston-Porter School District campus and the Lewiston Police Department. The zoning is identified as RC, Commercial. The adjoining parcel has been merged with the property, creating a larger commercial footprint than the building site alone.
The property is located on Creek Road in Youngstown, adjacent to the Lewiston-Porter School District campus and the Lewiston Police Department. The zoning is identified as RC, Commercial. The adjoining parcel has been merged with the property, creating a larger commercial footprint than the building site alone.
Key Highlights
- Approximately 1,620 square feet of commercial space
- Paved adjoining lot formerly used for a car lot
- Pizza restaurant equipment included in the sale
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
$16,324
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
5.83%
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%
$326,480
$326.5K
Cap Rate 7%
$233,200
$233.2K
Cap Rate 9%
$181,378
$181.4K
Market Conditions
NOI Build-Up for 1,620 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
$23.3K $14.40/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$21.8K $13.44/SF
− OpEx
−$5.4K −$3.36/SF
NOI
$16.3K $10.08/SF
Area
Niagara County, NY
Vacancy
6.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$326,480
Cap Rate 7%
$233,200
Cap Rate 9%
$181,378
Alternative Uses
Best Use
Specialty Retail
$233.2K
$204.1K – $272.1K
NOI $16,324 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.38M
$1.20M – $1.61M
NOI $96,356 @ 7.0% cap · market cap 34.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14174, NY
5,654
Population
2,601
Households
2.2
Avg Household Size
50
Median Age
34%
College-Educated
98%
High-School Grad
23.2 sq mi
ZIP Area
244
Density / Sq Mi
$78,922
Median Household Income
$53,841
Median Earnings
$1,152
Median Rent
$235,400
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.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property includes restaurant equipment, commercial zoning, and a paved adjoining lot.
Where is this conventional restaurant located?
The property is located at 3909 Creek Rd Youngstown, NY.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Approximately 1,620 square feet of commercial space; Paved adjoining lot formerly used for a car lot; Pizza restaurant equipment included in the sale
