Freestanding Auto Repair
For Sale
$875,000
874 Niagara Falls Boulevard, Buffalo, NY 14223
CommercialSale, Buffalo, NY
Property Size8,357 SF
Lot Size0.55 Acres
Price / SF$104.70
Days on Market262
Property Features for 874 Niagara Falls Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C1
Zoning description
Commercial
Parking
30
Parking features
Paved or Surfaced, Fenced
Lot features
Rectangular, Rectangular Lot
Elementary school district
Kenmore-Tonawanda Union Free District
Middle school district
Kenmore-Tonawanda Union Free District
High school district
Kenmore-Tonawanda Union Free District
Subdivision
Tonawanda-Town-146489
Standard status
Active
APN
146489-067-390-0002-008-000
Size
8,357 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Annual Amount
28365
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Zoned
Cooling system
Zoned
Amenities
attached office/main lobby
waiting room
conference area with functional kitchen
office and workshop bathrooms
fenced-in and gated parking area
fully approved paint booth
3-phase electric
multiple industrial heaters
main and backup compressors
hot water tank (2023)
newer forced air furnace
Building Details
Year built
1948
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Block
Roof type
Flat
Listing Agency:
Keller Williams Realty WNY
(716) 832-3300
Listed By:
Joshua James · License #10301210944
(716) 697-3280
Added: Dec 27, 2025
Changed: Sep 12
Last Checked: Sep 15 at 8:06PM
MLS# B1655805
Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding automotive facility contains 8,357 square feet on 0.551 acres and was built in 1948. The property includes 16 service bays, nine overhead doors, and two doors measuring 13 feet, supporting work on cars, trucks, and larger commercial vehicles. A permitted paint booth, three-phase electric service, industrial heaters, primary and backup compressors, and a 2023 hot water tank support the repair and collision operations. The building also has a customer lobby and waiting room, conference area with kitchen, offices, restrooms, concrete flooring, a flat roof, and zoned forced-air heating and cooling.
Located at 874 Niagara Falls Boulevard in Buffalo, the property is near Eggert Road and Sheridan Drive within a retail-oriented corridor serving Amherst and Tonawanda. The site provides 30 paved parking spaces, along with a separate fenced and gated parking area. Public sewer serves the property, which is zoned C1. A national chain tenant occupies the facility under an NNN lease with automatic rental increases; billboard income is also reported.
Located at 874 Niagara Falls Boulevard in Buffalo, the property is near Eggert Road and Sheridan Drive within a retail-oriented corridor serving Amherst and Tonawanda. The site provides 30 paved parking spaces, along with a separate fenced and gated parking area. Public sewer serves the property, which is zoned C1. A national chain tenant occupies the facility under an NNN lease with automatic rental increases; billboard income is also reported.
Key Highlights
- 8,357‑square‑foot freestanding facility on 0.551 acres
- 16 service bays with 9 overhead doors, including 2 measuring 13 feet
- Fully approved paint booth with 3‑phase electric service
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
$58,535
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
6.69%
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%
$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
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
$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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
16
Service bays
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
883
Businesses Nearby
77k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Apparel 27%
Shops & Services 25%
Beauty & Spa 3%
Chili's Grill & Bar
Dining
24,485 visits/mo
0.5 miles
Savers Thrift Store
Apparel
14,934 visits/mo
0.3 miles
Guitar Center
Shops & Services
5,148 visits/mo
0.5 miles
Little Caesars Pizza
Dining
5,143 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
5,049 visits/mo
0.4 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Buffalo, NY
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - NNN-leased automotive facility with collision-repair improvements, gated parking, and dedicated office and customer-service areas.
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‑square‑foot freestanding facility on 0.551 acres; 16 service bays with 9 overhead doors, including 2 measuring 13 feet; Fully approved paint booth with 3‑phase electric service
