Freestanding Auto Repair
For Sale
$875,000
874 Niagara Falls Boulevard, Buffalo, NY 14223
Freestanding automotive facility with collision-shop improvements, a paint booth, office areas, and a national-chain NNN tenant.
Property Size8,357 SF
Price / SF$104.70
Days on Market54
Property Features for 874 Niagara Falls Boulevard
General Information
Standard status
Active
Size
8,357 SF
Building Details
Year Built
1948
Listing Agency:
Keller Williams Realty WNY
Listed By:
Joshua James · License #10301210944
(716) 697-3280
Source:
Thejoshjamesteam
Added: Aug 21
Changed: Sep 12
Last Checked: Oct 7 at 4:56PM
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 Keller Williams Realty WNY
Investment Insights
Based on property information with market context.
This 8,357-square-foot freestanding automotive facility includes 16 service bays and 9 overhead doors, including two measuring 13 feet. The layout accommodates cars, trucks, and larger commercial vehicles, with an attached lobby, waiting room, conference area, functional kitchen, offices, and separate workshop bathrooms. A fenced and gated parking area, approved paint booth, 3-phase electric, industrial heaters, dual compressors, and additional mechanical improvements support the operation. The property was built in 1948, with a 2023 hot water tank and a newer forced-air furnace.
The property fronts Niagara Falls Boulevard and is positioned near Eggert Road and Sheridan Drive within the Amherst and Tonawanda retail corridor. Thirty surfaced parking spaces are provided. The asset is occupied by a national chain tenant under an NNN lease, with automatic rental increases and supplemental billboard income.
The property fronts Niagara Falls Boulevard and is positioned near Eggert Road and Sheridan Drive within the Amherst and Tonawanda retail corridor. Thirty surfaced parking spaces are provided. The asset is occupied by a national chain tenant under an NNN lease, with automatic rental increases and supplemental billboard income.
Key Highlights
- 8,357 SF freestanding automotive facility built in 1948
- 16 service bays with 9 overhead doors, including two 13‑foot doors
- Approved paint booth with 3‑phase electric, industrial heaters, and dual compressors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,535
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,700
$1.2M
Cap Rate 7%
$836,214
$836.2K
Cap Rate 9%
$650,389
$650.4K
Market Conditions
NOI Build-Up for 8,357 SF
Gross rent
$85.2K $10.20/SF
− Vacancy
−$1.6K −$0.19/SF
EGI
$83.6K $10.01/SF
− OpEx
−$25.1K −$3.00/SF
NOI
$58.5K $7.00/SF
Area
Buffalo, NY
Vacancy
1.90%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,700
Cap Rate 7%
$836,214
Cap Rate 9%
$650,389
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.36M
NOI $81,403 @ 7.0% cap · market cap 9.30%
Second Best
Industrial
$836.2K
$731.7K – $975.6K
NOI $58,535 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,678 @ 7.0% cap · market cap 16.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
984
Businesses Nearby
115k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 37%
Apparel 18%
Beauty & Spa 4%
Chili's Grill & Bar
Dining
24,485 visits/mo
0.3 miles
Savers Thrift Store
Apparel
14,934 visits/mo
0.2 miles
Burger King
Dining
12,644 visits/mo
0.4 miles
Bank of America
Shops & Services
11,578 visits/mo
0.5 miles
M&T Bank
Shops & Services
10,788 visits/mo
0.5 miles
Demographics for 14223, NY
22,658
Population
10,586
Households
2.1
Avg Household Size
41
Median Age
44%
College-Educated
97%
High-School Grad
3.5 sq mi
ZIP Area
6,474
Density / Sq Mi
$83,528
Median Household Income
$49,835
Median Earnings
$976
Median Rent
$202,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Buffalo, NY
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Similar Off Market Nearby
- K & A Auto Repair — 1784 Eggert Rd, Buffalo, NY 14226
- Auto Glass Now — 874 Niagara Fls Blvd, Buffalo, NY 14223
- Bucholtz Transmission — 2760 Sheridan Dr, Tonawanda, NY 14150
- Bellreng's Automotive Center — 2131 Eggert Rd, Amherst, NY 14226
- Mavis Discount Tire — 3280 Sheridan Dr, Amherst, NY 14226
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding automotive facility with collision-shop improvements, a paint booth, office areas, and a national-chain NNN tenant.
Where is this auto shop located?
The property is located at 874 Niagara Falls Boulevard Buffalo, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 8,357 SF freestanding automotive facility built in 1948; 16 service bays with 9 overhead doors, including two 13‑foot doors; Approved paint booth with 3‑phase electric, industrial heaters, and dual compressors
