Properties For Sale

at 938-982 Maple Rd

962 Maple Rd AVAILABLE, Now

Floor 1

Size 1,470 SF

Type RETAIL

Lease Type MODIFIED_GROSS

Sublease No

- For Lease-Suburban Store for lease in excellent Neighborhood Plaza - Great mix of tenants including Asian Restaurant, Nail Salon, offices, Smoke Shop, computer store and chiropractor. - One newly remodeled 1470 SF open space. Tenant pays utilities only.

Contact us

Listing Agency: Hunt Commercial - Buffalo Show Phone

Listed By: Alan Hastings · License #10311203496 Show Phone

Source: Moodyscre

Added: Nov 25, 2025 Changed: Sep 5 Last Checked: Oct 4 at 9:28AM

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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 - Buffalo

Investment Insights

Based on property information with market context.

A 1470 square foot retail space is available for lease in a suburban neighborhood plaza. The plaza features a mix of tenants, including an Asian restaurant, nail salon, offices, a smoke shop, a computer store, and a chiropractor. The available space has been newly remodeled and offers an open layout. The tenant is responsible for covering utility costs.

Key Highlights

• 1470 SF newly remodeled open space
• Excellent Neighborhood Plaza location
• Tenant pays utilities only

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

$14,319

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

4.77%

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%

$286,380 $286.4K

Cap Rate 7%

$204,557 $204.6K

Cap Rate 9%

$159,100 $159.1K

Market Conditions

NOI Build-Up for 1,470 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

$22.9K $15.60/SF

− Vacancy

−$2.5K −$1.68/SF

EGI

$20.5K $13.92/SF

− OpEx

−$6.1K −$4.17/SF

NOI

$14.3K $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 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%

$286,380

Cap Rate 7%

$204,557

Cap Rate 9%

$159,100

Alternative Uses

Best Use

Retail

$204.6K

$179.0K – $238.7K (±1% cap)

NOI $14,319 @ 7.0% cap · market cap 4.77%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$353.5K

$309.3K – $412.4K (±1% cap)

NOI $24,745 @ 7.0% cap · market cap 8.25%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Hair Salon Daycare Center Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

368

Businesses Nearby

5k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

Fuji Grill Dining

3,978 visits/mo 0.5 miles

China King Dining

1,140 visits/mo 0.5 miles

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Retail space available in a well-tenanted neighborhood plaza.

Where is this retail space located?

The property is located at 938-982 Maple Rd Williamsville, NY.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: 1470 SF newly remodeled open space; Excellent Neighborhood Plaza location; Tenant pays utilities only