Open-Layout Retail
926 Niagara Falls Boulevard, Buffalo, NY 14223
For Sale
$599,000
A flexible interior offers room to configure a commercial operation around its requirements.
Property Size2,480 SF
Price / SF$241.53
Days on Market42
Property Features for 926 Niagara Falls Boulevard
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Additional Details
Traffic Count
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Buffalo First Realty Group Inc
(716) 465-1361
Listed By:
Raymond A Smith · License NY 40SM1090023
(716) 903-8279
Source:
Chautauqualakehomesforsale
Added: Sep 30
Changed: Nov 10
Last Checked: Nov 9 at 11:35AM
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 Buffalo First Realty Group Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,480-square-foot retail space has an open interior that can be arranged to suit a range of commercial plans. Built in 1960, the property is zoned Commercial.
The site fronts Niagara Falls Boulevard, a commercial corridor with reported traffic counts of approximately 20,000–26,000+ vehicles per day, depending on the segment and count location.
The site fronts Niagara Falls Boulevard, a commercial corridor with reported traffic counts of approximately 20,000–26,000+ vehicles per day, depending on the segment and count location.
Key Highlights
- 2,480 square feet of open interior space
- Commercial zoning
- Frontage on Niagara Falls Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,157
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,140
$483.1K
Cap Rate 7%
$345,100
$345.1K
Cap Rate 9%
$268,411
$268.4K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$38.7K $15.60/SF
− Vacancy
−$4.2K −$1.68/SF
EGI
$34.5K $13.92/SF
− OpEx
−$10.4K −$4.17/SF
NOI
$24.2K $9.74/SF
Area
Buffalo, NY
Vacancy
10.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$483,140
Cap Rate 7%
$345,100
Cap Rate 9%
$268,411
Alternative Uses
Best Use
Retail
$345.1K
$302.0K – $402.6K
NOI $24,157 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$596.4K
$521.8K – $695.8K
NOI $41,747 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
26,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
984
Businesses Nearby
115k
Monthly Visits Nearby
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
$202,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Buffalo, NY
Properties on Market for Retail space in Buffalo
Vacancy Rate% for Retail in Buffalo, NY
Frequently Asked Questions
What type of property is this?
Retail space - A flexible interior offers room to configure a commercial operation around its requirements.
Where is this retail space located?
The property is located at 926 Niagara Falls Boulevard Buffalo, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,480 square feet of open interior space; Commercial zoning; Frontage on Niagara Falls Boulevard
