Corner Automotive Shop
For Sale
$1,200,000
7221 Niagara Falls Blvd, Niagara Falls, NY 14304
Multi-component property combines showroom, warehouse, and two-story garage space.
Property Size9,120 SF
Lot Size0.90 Acres
Price / SF$131.58
Days on Market154
Property Features for 7221 Niagara Falls Blvd
General Information
Standard status
Active
Size
9,120 SF
Class
C
Lot size
0.90 Acres
Property subtype
Retail
Additional Details
Road Access
Yes
Warehouse Space
2,600 SF
Building Details
Building Size
9,120 SF
Year Built
1951
Construction
concrete block
Listing Agency:
HUNT Commercial
(716) 481-3325
Listed By:
Alan Hastings · License #10311203496
Source:
Commercialcafe
Added: Mar 31
Changed: Aug 30
Last Checked: Aug 30 at 11:45AM
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 HUNT Commercial
Investment Insights
Based on property information with market context.
This automotive-oriented commercial building at 7221 Niagara Falls Blvd occupies the southwest corner at 73rd St in Niagara Falls. The improvements total approximately 9,120 square feet and combine several functional areas: a 3,600-square-foot concrete-block showroom, an attached 2,600-square-foot insulated metal warehouse with high-bay clearance, and a two-story wood-frame garage with 1,500 square feet on each level.
The property sits on an approximately 0.9-acre L-shaped parcel measuring 130 by 161 feet. Constructed in 1951, the configuration brings customer-facing retail space together with warehouse and garage areas in one automotive service-oriented facility.
The property sits on an approximately 0.9-acre L-shaped parcel measuring 130 by 161 feet. Constructed in 1951, the configuration brings customer-facing retail space together with warehouse and garage areas in one automotive service-oriented facility.
Key Highlights
- 9120+/- SF of total building area
- 3,600 SF concrete block retail/showroom area
- Attached 2,600 SF high bay insulated metal warehouse
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
$100,318
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
8.36%
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%
$2,006,360
$2.0M
Cap Rate 7%
$1,433,114
$1.4M
Cap Rate 9%
$1,114,644
$1.1M
Market Conditions
NOI Build-Up for 9,120 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
$164.2K $18.00/SF
− Vacancy
−$20.8K −$2.29/SF
EGI
$143.3K $15.71/SF
− OpEx
−$43.0K −$4.71/SF
NOI
$100.3K $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%
$2,006,360
Cap Rate 7%
$1,433,114
Cap Rate 9%
$1,114,644
Alternative Uses
Best Use
Warehouse
$7.75M
$6.78M – $9.04M
NOI $542,446 @ 7.0% cap · market cap 45.20%
Second Best
Industrial
$6.38M
$5.58M – $7.45M
NOI $446,720 @ 7.0% cap · market cap 37.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 14304, NY
28,923
Population
13,705
Households
2.1
Avg Household Size
45
Median Age
25%
College-Educated
92%
High-School Grad
21.5 sq mi
ZIP Area
1,345
Density / Sq Mi
$64,756
Median Household Income
$42,613
Median Earnings
$901
Median Rent
$151,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Bundy's Tire & Automotive — 6015 Niagara Falls Blvd, Niagara Falls, NY 14304
- Basil Ford of Niagara Falls Service — 6980 Niagara Falls Blvd, Niagara Falls, NY 14304
- Bellreng's Towing & Automotive Inc. — 6929 Niagara Falls Blvd, Niagara Falls, NY 14304
- Basil Ford of Niagara Falls Service Center — 6980 niagara falls blvd, niagara falls, ny 14304
- Basil Niagara Falls Collision Center — 6978 Niagara Falls Blvd, Niagara Falls, NY 14304
Frequently Asked Questions
What type of property is this?
Auto shop - Multi-component property combines showroom, warehouse, and two-story garage space.
Where is this auto shop located?
The property is located at 7221 Niagara Falls Blvd Niagara Falls, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 9120+/- SF of total building area; 3,600 SF concrete block retail/showroom area; Attached 2,600 SF high bay insulated metal warehouse
